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5AM Ventures Announces Expansion of Investment Team: Names Richard Ulevitch Venture Partner; Promotes Kevin Forrest and Andrew McMillan to Principal
Date:2/20/2008

MENLO PARK, Calif., Feb. 20 /PRNewswire/ -- 5AM Ventures, specializing in seed and early-stage investments in next-generation life science companies, today announced the expansion of the firm's investment team with the appointment of Richard Ulevitch, PhD, as Venture Partner. 5AM Ventures also announced the promotion of two of the firm's senior associates, Kevin M. Forrest, PhD, and R. Andrew McMillan, PhD, to Principal. Drs. Forrest and McMillan have been with the 5AM team since early 2005. Carin M. Rollins, a founder and formerly a Principal has transitioned to a consulting role with the firm.

Dr. Ulevitch joins 5AM Ventures from The Scripps Research Institute (Scripps). He is a renowned expert in the field of immunology; his research has contributed to the discovery of breakthrough therapeutic product candidates targeting the immune system. In addition to serving as Chair of the Department of Immunology at Scripps since 1994, he has been Chairman of 5AM Ventures' Scientific Advisory Board since the firm was founded in 2002. As Venture Partner, Dr. Ulevitch will identify and review new investment opportunities as well as continue working with the firm's existing portfolio companies.

"A distinguished academic researcher who has made significant contributions to the field of immunology as well as a long-time advisor to biotechnology companies and investment funds, Richard Ulevitch brings tremendous insight into the critical evaluation of important new investment opportunities. We are very pleased to add Richard's expertise on the translation of scientific discoveries into therapeutic products, which will make him an invaluable advisor to the firm and resource to our portfolio companies," said John D. Diekman, PhD, Managing Partner of 5AM Ventures.

"We are pleased to recognize the accomplishments of the 5AM team through the promotion of Drs. Kevin Forrest and Andrew McMillan. Kevin and Andrew provide our firm with a strong blend of scienti
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SOURCE 5AM Ventures
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