MENLO PARK, Calif., Oct. 29, 2013 /PRNewswire-iReach/ -- Frazier Healthcare, a leading provider of venture and growth buyout capital to emerging healthcare companies, announced today that Carol Gallagher Pharm.D., former CEO of Calistoga Pharmaceuticals, has joined the Frazier Healthcare team as a Venture Partner.
Dr. Gallagher has a long and distinguished track record as an entrepreneur, executive, and drug developer. She started her career at Eli Lilly, and subsequently held senior positions at Biogen-Idec, Agouron Pharmaceuticals, CancerVax and Anadys Pharmaceuticals. Most recently, she was the CEO of Calistoga Pharmaceuticals, a Frazier-founded company based on a set of novel, preclinical assets spun out of Icos Pharmaceuticals. Dr. Gallagher joined the company in 2008 as the CEO, and together with an experienced team she helped to build, advanced a first-in-class product (CAL-101, now called idelalisib) through definitive, proof-of-concept studies in patients with certain lymphomas and leukemias. These efforts ultimately led to the acquisition of Calistoga by Gilead Sciences in 2011 for a total consideration of $600 million, and Gilead has filed for FDA approval of idelalisib in Q3 2013. Dr. Gallagher currently serves on several biotech boards, including AnaptysBio and Atterocor, both of which are Frazier portfolio companies.
"I have had a great working relationship with the Frazier Healthcare team for many years. Their approach to building innovative companies focused on unmet clinical needs is aligned with my own and I am very pleased to join them as a Venture Partner" commented Dr. Gallagher.
"We are thrilled to have Carol join our life science team. Her experience ranges from early stage drug development through successful commercialization strategies, and we are excited about leveraging those skills to continue our successes in life science investing
|SOURCE Frazier Healthcare|
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