Foresite Capital was started in 2011 by its CEO and Founder by the name Jim Tananbaum. Foresite Capital was designed to be a private equity firm dedicated to healthcare that aims to note the rising leaders in healthcare. Foresite Capital aids these emerging leaders to earn profits by supplying them with networks, information, and capital. Before Jim Tananbaum founded Foresite Capital, he co-founded two healthcare investment practices and also two biopharmaceutical companies that were leaders in the industry. Jim founded GelTex Pharmaceuticals, referred to as NASDAQ: GENZ.GelTex Pharmaceuticals came up with two drugs that were taken into the market for not more than 80 million dollars. In the year 1998, the same year that its main drug known as Renagel, also called Renzela, achieved a yearly run rate revenue of more than 200 million dollars, GelTex was bought for 1.6 billion dollars. After being around for about 22 years upon its creation, Renzela currently is estimated to produce about 1 billion dollars in revenues per year.
Jim Tananbaum also founded Theravance Inc. where he was also the CEO. The company shares the respiratory franchise with GlaxoSmithKline via a joint effort, Innoviva (NASDAQ: INVA), coming up with Theravance Biopharma Inc. which is referred to as NASDAQ: TBPH. Together, the two companies have managed around 3.2 billion dollars of market capitalization. Jim Tananbaum had vast experience in investments with ventures such as becoming a founding partner of Prospect Venture Partners II & III. Before this, he was a partner at the Sierra Ventures, and he aided to establish the brand’s investment practices in healthcare services. Some other of his investments were the likes of Amira Pharmaceuticals which was later bought by NYSE : BMS, Jazz Pharmaceuticals (NASDAQ : JAZZ), Amerigroup (NASDAQ : AMGP) and Healtheon ( NASDAQ : WBMD). Foresite Capital was created by Jim Tananbaum with the intention of merging everything entailed in his career to come up with a proper platform for investment.
Jim Tananbaum attended Yale where he was a major in electrical engineering, math, and computer science. He later on attended Harvard where he got to attain his M.B.A and M.D then acquired his M.S in Massachusetts Institute of Technology. According to medium, Jim has a passion for working with different principles alongside academicians and entrepreneurs and acknowledges that we are checking into a time of big growth and changes.
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