Navigation Links
Access BridgeGap Ventures to Focus on Early-Stage Therapeutic Opportunities
Date:12/19/2011

NEW YORK and CAMBRIDGE, Mass., Dec. 19, 2011 /PRNewswire/ -- Access Industries announced today the establishment of Access BridgeGap Ventures, a new life sciences venture investment initiative to fund early-stage companies in the therapeutics space.  Leveraging its team's experience in startup creation, technology commercialization and venture investing, Access BridgeGap will fund early-stage startups and also create de-novo spinoffs around potential high-impact technologies, many of which are still in academic labs.  Funding activities will focus on scientists, entrepreneurs, and companies that are developing novel and clinically relevant therapeutic approaches and platforms that can become must-have solutions for patients, physicians, and payers.  The group is led by Daniel Behr, MBA, and Ben Bronstein, MD, both recognized serial entrepreneurs and technology developers.

According to Daniel Behr, Founder and Senior Vice President, "With Access' support we have the resources and flexibility to span all investment stages and build fully independent companies, either alone or with other investors.  Access BridgeGap expects to fund 3-5 companies per year and to deploy $75M over the first few years."

"Access BridgeGap is capitalizing on a major opportunity," said Ben Bronstein, co-Founder and Senior Vice President.  "Commercially promising innovations being developed in research institutions and in young startups are often deemed too early for partnering by industry or for investment by traditional venture capital.  Our focus is to translate early-stage science into commercially relevant products and companies."

"Access BridgeGap is an important part of Access' growing interest in life sciences and, specifically, therapeutics," commented Len Blavatnik, Founder and Chairman of Access Industries.  "Access BridgeGap will pursue the commercialization of academic and entrepreneurial innovations that possess the potential to make a major impact on disease treatment and prevention."

Mr. Behr has more than 23 years of experience as an investor and entrepreneur.  He has founded several high technology companies, including IN USA, Compact Instruments (acquired by MKS) and Arradiance, and he invested in early-stage ventures at Allied Minds, Inc. and at Seed Partners.   Behr was also part of Harvard University's Office of Technology Development, where he launched seven companies and drove numerous technology transfer and commercialization initiatives.

Dr. Bronstein's life sciences career has spanned more than 22 years as an executive, entrepreneur and investor. He co-founded and helped manage several life sciences companies, including Peptimmune (acquired by Genzyme) and Vidus Ocular (acquired by OPKO Health).  Most recently, he was CEO of  Neuron Systems.  Earlier, he was Vice President, Medical Affairs at BioSurface Technology, which went public and was later acquired by Genzyme.  He was also a Managing Director at Zero Stage Capital, focused on life sciences investing.  Bronstein began his career at the Massachusetts General Hospital and on the faculty at Harvard Medical School.

Access BridgeGap Ventures, based in Cambridge, MA, is actively seeking opportunities in human therapeutics: pharmaceuticals, biopharmaceuticals and therapeutic devices.   Advisors to Access BridgeGap include William Koster, PhD, former Senior Vice President for worldwide drug discovery research and early clinical development at Bristol Myers Squibb, and former President and CEO of Neurogen; Manuel Navia, PhD., former Vice President at Vertex, Executive Vice President at Essential Therapeutics, and founder and CEO of Althexis; and Isaac Kohlberg, Chief Technology Development Officer at Harvard University.   

About Access BridgeGap Ventures

Access BridgeGap Ventures is an early-stage venture investment arm of Access Industries focused on the therapeutics space.  Access BridgeGap funds startups and creates de-novo spinoffs around potential high-impact technologies many of which are still in academic research labs. (http://www.accessindustries.com/h_access-bridgegap.html)

About Access Industries

Access Industries is a privately held, U.S.-based industrial group with long-term holdings worldwide.  Access was founded in 1986 by its Chairman, Len Blavatnik, an American industrialist.  Access' industrial focus spans three key sectors:  natural resources and chemicals; telecommunications and media; and real estate. (http://www.accessindustries.com)

Media contacts
For Access BridgeGap Ventures: 
Michelle Avery, MacDougall Biomedical Communications, 781-235-3060

For Access Industries, Inc.: 
Ashley Zandy / Christopher Beattie, Brunswick Group, 212-333-3810

 


'/>"/>
SOURCE Access Industries
Copyright©2010 PR Newswire.
All rights reserved

Related biology technology :

1. Access Pharmaceuticals Signs Agreement for CobaCyte® and CobOral® in RNAi Therapeutic Delivery
2. Access Medical Laboratories, Inc. to Celebrate Grand Opening of New Laboratory Headquarters in Jupiter, Florida
3. Full Agenda Announced for CMAC 2011 - CBIS 2nd Annual Commercialization and Market Access Congress
4. Crucial Directives Must be Revised to Protect Patients Interests and Improve Access to Treatment
5. New Partnership Bolsters Relivs Access to Plant Biotech Research
6. Insmed to Present at 2011 Wedbush Securities Life Sciences Management Access Conference
7. Interleukin Genetics, Inc. to Present at the 2011 Wedbush Securities Life Sciences Management Access Conference
8. Accuray Incorporated to Speak at 2011 Wedbush Life Sciences: Management Access Conference
9. Arthrosurface Launches Worlds First Easy Access Glenoid Resurfacing System
10. TALEN® Access by Cellectis Bioresearch Receives "Most Innovative New Service 2011" Award at Life Science Awards
11. MedeAnalytics Launches Patient Access Resource Center
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/9/2017)... , ... October 09, 2017 , ... ... four-tiered line of medical marijuana products targeting the needs of consumers who are ... of Kindred takes place in Phoenix, Arizona. , As operators of two successful ...
(Date:10/7/2017)... ... October 06, 2017 , ... ... instruments and applications consulting for microscopy and surface analysis, Nanoscience Instruments is ... Nanoscience Analytical offers a broad range of contract analysis services for advanced ...
(Date:10/7/2017)... 2017  The 2017 Nobel Prize in Chemistry ... Dubochet, Joachim Frank and Richard ... microscopy (cryo-EM) have helped to broaden the ... community. The winners worked with systems manufactured by ... highly resolved, three-dimensional images of protein structures that ...
(Date:10/6/2017)... , ... October 06, 2017 , ... ... a lunch discussion and webinar on INSIGhT, the first-ever adaptive clinical trial for ... Dana-Farber Cancer Institute. The event is free and open to the public, but ...
Breaking Biology Technology:
(Date:4/11/2017)... April 11, 2017 Crossmatch®, a globally-recognized ... solutions, today announced that it has been awarded ... Projects Activity (IARPA) to develop next-generation Presentation Attack ... "Innovation has been a driving force within ... will allow us to innovate and develop new ...
(Date:4/5/2017)... 2017  The Allen Institute for Cell Science today ... one-of-a-kind portal and dynamic digital window into the human ... first application of deep learning to create predictive models ... and a growing suite of powerful tools. The Allen ... future publicly available resources created and shared by the ...
(Date:3/30/2017)... ANGELES , March 30, 2017  On April ... Hack the Genome hackathon at Microsoft,s ... exciting two-day competition will focus on developing health and ... Hack the Genome is the ... been tremendous. The world,s largest companies in the genomics, ...
Breaking Biology News(10 mins):