HealthCap
HealthCap is a specialized provider of venture capital within life sciences. HealthCap invests in innovative companies with focus on therapeutics. As of 2023, HealthCap has invested in over 125 companies since inception and completed initial public offerings of more than 45 companies. HealthCap has offices in Stockholm and Lausanne.
 | |
| Company type | Private |
|---|---|
| Industry | Venture Capital |
| Founded | 1996 |
| Headquarters | Stockholm, Sweden and Lausanne, Switzerland |
| Total assets | EUR 1 billion |
Number of employees | Approximately 25 (2023) |
| Website | www.healthcap.eu |
HealthCap is a specialized provider of venture capital within life sciences. HealthCap invests in innovative companies with focus on therapeutics.[1] As of 2023, HealthCap has invested in over 125 companies since inception and completed initial public offerings of more than 45 companies.[2] HealthCap has offices in Stockholm and Lausanne.
History
[edit]The firm was founded in 1996 by Björn Odlander[3] and Peder Fredrikson,[4] and the first fund was started the same year.[5] As of 2023, HealthCap has established eight funds and financed more than 125 companies, where more than 45 have been taken public on nine different markets. The most recent fund, HealthCap VIII, was established in 2019. HealthCap has approximately 25 employees out of which thirteen are partners. The team combines venture capital investing experience with competences and work experiences from small as well as large companies across the healthcare industry, spanning disciplines of scientific research, drug development, clinical practice, investment banking, and industry management.[citation needed]
| History of private equity and venture capital |
|---|
| Early history |
| (origins of modern private equity) |
| The 1980s |
| (leveraged buyout boom) |
| The 1990s |
| (leveraged buyout and the venture capital bubble) |
| The 2000s |
| (dot-com bubble to the credit crunch) |
| The 2010s |
| (expansion) |
| The 2020s |
| (COVID-19 recession) |
Investments
[edit]HealthCap has raised eight main funds. Investors in HealthCap funds include, among others, European Investment Fund, Skandia Life Insurance, the 4th and 6th Swedish National Pension Funds, The Kresge Foundation, Mayo Clinic, Northwestern University, University of Michigan, Vanderbilt University and Washington University. HealthCap has committed capital exceeding EUR 1 billion.[6][7]
HealthCap invests in companies developing disruptive technologies that hold the potential to change clinical practice. Over the years HealthCap has invested in more than 125 companies. The portfolio companies have developed more than 20 pharmaceutical products and over 40 med-tech products to the market.[8] Many of these products, such as Firazyr®, Xofigo®, Tracleer®, are breakthrough therapies addressing life-threatening diseases. Examples of technologies financed by HealthCap are:
Pulmonary hypertension therapy developed by Actelion. The company was acquired by J&J in 2017.[9]
Xofigo® developed by Algeta[10] for treatment of bone metastasis in prostate cancer.
A range of drugs in development for rare and ultra-rare genetic diseases by Ultragenyx.
Restylane, an injectable filler developed by Q-Med. The company was acquired by Galderma in 2011.[11]- Trans-femoral aortic valve replacement developed by CoreValve[12] that evades the need for open heart surgery when replacing a malfunctioning heart valve.
- Injectable synthetic bone substitute, Cerament, to enhance bone remodeling and fracture healing developed by BoneSupport AB.
- WTX101, an orphan drug currently in development by Wilson Therapeutics for the treatment of Wilson's disease.[13][14] Wilson Therapeutics was acquired by Alexion in 2018.
References
[edit]- ^ "Portfolio companies". HealthCap.
- ^ "Our Story - HealthCap". HealthCap. Retrieved 2017-07-14.
- ^ "Björn Odlander". Bloomberg Businessweek.
{{cite web}}: CS1 maint: deprecated archival service (link) - ^ "Peder Fredrikson". Bloomberg Businessweek.
{{cite web}}: CS1 maint: deprecated archival service (link) - ^ ""Många bolag är utsvultna på kapital". Veckans Affärer".
- ^ "Company Overview of HealthCap". Bloomberg Businessweek. Archived from the original on June 5, 2011.
- ^ "Nordic HealthCap announces final close of its fourth biotech fund at $322m". The Alternative Assets Network. 30 November 2001.
- ^ "HealthCap website". HealthCap.
- ^ "Expert Insights: Johnson & Johnson's Actelion buy establishes a Clear Leader in the Pulmonary Arterial Hypertension Market". Clinical Trials Arena. 2017-08-03. Retrieved 2022-05-17.
- ^ "Algeta ASA Raises Euro 23 Million in Series A Round". CRM. Archived from the original on 2016-03-04. Retrieved 2012-12-14.
- ^ ""HealthCap ökar sitt ägande i Q-Med". Q-Med".
- ^ "Medtronic Buying CoreValve for $700 Million+". Thomson Reuters.
{{cite web}}: CS1 maint: deprecated archival service (link) - ^ [1] Archived 2014-11-04 at the Wayback Machine "Wilson Therapeutics" Life Science Sweden. April 17, 2014.
- ^ Ala A, Walker AP, Ashkan K, Dooley JS, Schilsky, ML (2007). "Wilson's disease". Lancet 369 (9559): 397-408.