BioAdvance Breaks Life Sciences Investing Record Year in 2022
PHILADELPHIA, Nov. 9, 2022 /PRNewswire/ -- BioAdvance, a leading venture investor in therapeutics, medical devices, research tools, diagnostics and health IT in the Mid-Atlantic region, today announced a record-breaking year of investing with more than $4.7 million in eight new and several existing portfolio companies in 2022. During this highly active year, BioAdvance's investments in the eight new companies is the highest amount in 10 years, resulting from a revamped investment strategy that includes very early-stage innovators from a broad range of life sciences segments including digital health and cell therapy.
- "For more 20 years, BioAdvance has played an important role in the development of the thriving Mid-Atlantic biotechnology ecosystem," said BioAdvance Managing Director and CEO Dr. Shahram Hejazi .
- BioAdvance invests at two stages of a company's lifecycle.
- BioAdvance also made several follow-on investments in existing portfolio companies, including ENB Therapeutics , RightAir , Ossianix and Venatorx Pharmaceuticals .
- BioAdvance is a $80-million early-stage life sciences fund with a focus in the mid-Atlantic region, investing in companies that have the potential to improve human health.