It was in 2011 that Jim Tananbaum founded Foresite Capital. This is a private equity firm that is dedicated to healthcare. It helps to identify the healthcare leaders who may be emerging. Now it helps them to become profitable by supplying them with capital, networks, as well as all kinds of requisite information.
Before Jim Tananbaum founded Foresite Capital, he had co-founded two other biopharmaceutical companies along with two investment practices in healthcare.
Jim Tananbaum is the founder of GelTex Pharmaceuticals. This has brought in two new drugs into the market. The expense was less than $80 million. In 1998, GelTex was acquired for $1.6 billion. Its lead drug is Renagel. It fetches annual revenue that exceeds $200 million. It was launched 22 years ago and fetches nearly $1 billion in annual revenue today.
Jim Tananbaum is the co-founder as well as CEO of Theravance, Inc. Besides, he is a co-founder of Prospect Venture Partners II and III. He has also been a partner at Sierra Ventures. He had helped to establish the healthcare services practice there. Foresite Capital had been founded in order to combine all the elements of his career in order to create an investment platform that is truly novel and unique.
He has studied at Yale. He is a math as well as a computer science major. He has done his M.D. as well as M.B.A. from Harvard. He did his M.S. from the Massachusetts Institute of Technology. He had always been passionate about combining pure sciences and computer science along with healthcare.
Jim Tananbaum is known for his productive relationships with several leading academicians. These include George Whitesides at Harvard besides Rick Klausner at NCI. His other long-term relationships are with Roy Vagelos at Merck and Theravance, besides Bob Gunderson at Gunderson Detmer along with Rick Levin at Yale. He is working across several fields with leading entrepreneurs as well as academicians. He wants to step into this era of great change along with growth that is driven by deep insights into science and learning. Check out Medium to know more.
Jim Tananbaum has been a healthcare entrepreneur for over 25 years besides being an investment strategist too. Hence he decided to start his new venture in healthcare services investment practices. Check out About.me
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