Healthcare innovations are one of the most capital-intensive and time-consuming investment ventures in the economy. However, if undertaken well it promises not only good returns but also long lasting and positive impact. One person who has constantly been involved with healthcare innovations and trying to integrate technology into the equation has been Jim Tananbaum.
Jim Tananbaum has been at the forefront of healthcare investment thanks to the many companies he has helped establish. Currently, he is the CEO and founder of Foresite Capital. Foresite Capital is an equity firm set up in 2011 and has been committed to the growth of the healthcare sector. The company has been involved in nurturing future healthcare leaders by supplying them with current health information, capital, and networks that help them meet their targets easily.
Besides Foresite Capital, Jim has also assisted two of the world’s biggest biopharmaceutical companies. Jim instituted GelTex Pharmaceuticals for less than $80 million. Thanks to his innovation, the company was able to bring two drugs into the market. Mr. Jim, however, sold the company for $1.6 billion in 1998. The other company that Jim co-founded was Theravance, Inc. where he also worked as the CEO. You can visit his About.me page
After working in the industry for more than 25 years, Jim Tananbaum is beyond any reasonable doubt one of the authority figures in the industry. While this may seem an easy task to accomplish, it is not. IJim, through his interview with ideamensch, agrees that it takes more than just finances to thrive in the healthcare investment industry. What has made him succeed is his investment in professionals. It takes the brains of persistent, capable, and smart leaders to make an impact and actualize the ideas of Foresite Capital. Since his early days, Jim has always been fascinated with the science and technology behind healthcare innovation.
About Jim Tananbaum
Jim Tananbaum is the patriarch and current CEO of Foresite Capital Management, a leading healthcare innovative firm. Mr. Jim holds a couple of educational certificates including BS, BSEE Math, Computer Science from Yale University, Master of Science (M.S.) in Information Theory from Massachusetts Institute of Technology, a Doctor of Medicine (MD) from Harvard School of Medicine and a Masters in Business Administration from Harvard School of Business. This rich educational background coupled with the many years of experience are what gives Jim the confidence to make the investments.
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