Navigation Links
RiverVest Venture Partners Sells Four Successful Life Science Companies for More than $1 Billion
Date:2/6/2012

el is broken," says Mark G. Heesen, president of the National Venture Capital Association. "RiverVest has just given us a powerful example of why it's not."

The four innovative companies RiverVest sold in 2011 and for which investors received payouts in 2012 are:

Minneapolis-based Lutonix, founded by RiverVest in 2007, has developed drug-coated balloons for the treatment of peripheral arterial disease. It was sold to C.R. Bard, Inc. for a purchase price of approximately $225 million, with an additional $100 million to be paid upon FDA approval. For investors of RiverVest's Fund II, which included Lutonix, this translated into a 4.7x return on the Fund's $5.6 million investment. If approved by the FDA, the return will bump up to about 8.0x return.

Also founded by RiverVest in 2007, and part of RiverVest's Fund II portfolio, biopharmaceutical company Excaliard Pharmaceuticals, Inc. focuses on developing novel drugs for the treatment of skin fibrosis, or scarring. It was purchased by Pfizer Inc. for an undisclosed amount.

RiverVest's Fund II invested three years ago in Mpex Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company developing a new cystic fibrosis drug.  It was purchased by Aptalis Pharma, a privately held, specialty global pharmaceutical company, for an undisclosed amount.

Founded by Schmelter, and included in RiverVest's Fund I, Salient Surgical Technologies, Inc. is a leader in the advanced energy category for haemostatic sealing of soft tissue and bone in a variety of surgical procedures. It was sold to Medtronic, Inc. for $525 million, delivering a return of 3.3x.

About RiverVest Venture Partners®

RiverVest Venture Partners is a venture capital firm focused on identifying and shaping early-stage life science companies throughout the U.S. to create significant shareholder value. With hands-on, high-level expertise and financial resources, RiverVest supports entrepreneurs by h
'/>"/>

SOURCE RiverVest Venture Partners
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3

Related biology technology :

1. John McKearn, Ph.D., Promoted to Managing Director of RiverVest Venture Partners
2. Aegis Analytical Corp. Showcases Discoverant at Inaugural Venture Capital in the Rockies Fall
3. Tengion Featured as Model of Innovation and Success at 35th Anniversary Celebration of the National Venture Capital Association
4. Core Laboratories Joint Venture Agreement Between genae associates, VIBGYOR Scientific Research, Cardiovascular Center Aalst and J.B. Dahm
5. BIO Ventures for Global Health Receives $7 Million Grant from Gates Foundation to Engage Biotechnology in the Fight Against Neglected Diseases of the Developing World
6. Simbionix Raises Largest Amount in Companys History in Venture Capital to Accelerate Growth
7. Sensorin Raises Equity Financing to Launch Novel Industrial Sensing Venture
8. MedTechIQ Selects TheBrain to Visualize Expansive Biointellingence Database and Connect the Dots Between Life Sciences, Medicine and Venture Capital
9. Calvert Research and Auburn University Announce Joint Venture
10. Genomas to Present at Life Sciences & Healthcare Venture Summit
11. Universal Bioenergy, Inc. Seeks Algae Feedstock Companies for Acquisition, Alliance, and Joint Venture Opportunities for Biodiesel Production
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/22/2014)... (PRWEB) November 21, 2014 Two new educational ... what comes next for ALS research and how the pharmaceutical ... After the Ice Bucket Challenge: Where Does the ALS Money ... Tuesday, 2 December 2014, Time: 1:30pm ET, Register ... expert speaker Dr. Merit Cudkowicz, Julianne Dorn Professor of Neurology ...
(Date:11/22/2014)... During his lifetime Richard L. Sharp was a ... with great people and take risks to achieve success. ... at his extraordinarily courageous attitude when taking on challenges. ... with his death impending—that’s how he continued looking for ... take his life. , Carrying on Sharp’s relentless dream ...
(Date:11/22/2014)... Prominent academics, leaders of the biopharmaceutical ... 3rd at Genetic Rx, a networking conference of ... place at the Joseph B. Martin Conference Center ... present and future of genetic medicines—including siRNA, ASOs, ... well as the treatment of patients with rare ...
(Date:11/22/2014)... 2014 CannLabs, Inc. (OTCQB: ... and scientific testing methodologies relating to cannabis, today announced ... line of credit from an existing stockholder of the ... secured this commitment from one of our existing stockholders,” ... “This capital will help accelerate our planned expansions into ...
Breaking Biology Technology:DrugDev Webinars in December to Explore What Comes Next for ALS Research and How We Can Make Life Easier for Clinical Sites 2Sherry Sharp, Wife of CarMax Founder, Richard Sharp, Accepts Seat on Board of Cure Alzheimer’s Fund 2Sherry Sharp, Wife of CarMax Founder, Richard Sharp, Accepts Seat on Board of Cure Alzheimer’s Fund 3Pioneering Academics and Key Industry Leaders to Discuss Rare Diseases and the Emergence of New Genetic Medicines at Genetic Rx on December 3rd 2CannLabs Secures $750,000 Line Of Credit 2
... Biomedtex Inc. (Pink,Sheets: BMDX.PK) ("The Company") a ... The Company,s mission is to identify, evaluate ... and healthcare solutions, and then,seek to capture and ... For more information visit us at http://WWW.BIOMEDTEX.COM ...
... Inverness Medical,Innovations (Amex: IMA ) today announced that ... Ltd, an Australian company traded on,the Australian Securities Exchange, ... of the issued shares in Panbio for AUD 0.65 ... share capital of,Panbio at approximately AUD 41 million, or ...
... are Honored ... Meeting, Laguna Niguel, LAGUNA NIGUEL, Calif., Oct. 8 ... CEO-only conference hosted by,Burrill & Company and Kleiner Perkins Caufield ... at an Awards Dinner held here Sunday,evening. For twenty ...
Cached Biology Technology:Inverness Medical Innovations Agrees to Acquire Panbio Ltd. 2Biotech Hall of Fame Inductees Announced 2Biotech Hall of Fame Inductees Announced 3Biotech Hall of Fame Inductees Announced 4Biotech Hall of Fame Inductees Announced 5Biotech Hall of Fame Inductees Announced 6
(Date:11/21/2014)... , November 18, 2014 ... Systems Market by Systems (Video, RFID, Access Control, Intrusion ... Factories, Hotels, Banks, Government), Component Service Geography - Global ... Systems Market is projected to be around $25 Billion ... by 2020, growing at a CAGR of 8.69%. ...
(Date:11/21/2014)... Nov. 19, 2014  Earlier this year Donald ... College, and one of the most prolific inventors in ... are transmitted from Smartphones to third party agencies. Spector ... has one of the earliest known patents in this ... in the military, child care, elder care and hospital ...
(Date:11/21/2014)... VIEW, Calif. , Nov. 20, 2014 ... higher driver efficiency are piloting the North American and ... number of accidents growing, gesture recognition systems that are ... make a mark in the industry. ... the Automotive Gesture Recognition Market in Europe ...
Breaking Biology News(10 mins):Industrial Security Systems Market Worth $38 Billion by 2020 2Industrial Security Systems Market Worth $38 Billion by 2020 3Patented Biosensor Wearable Technology Provides a More Civilized Method of Quarantine 2Patented Biosensor Wearable Technology Provides a More Civilized Method of Quarantine 3Patented Biosensor Wearable Technology Provides a More Civilized Method of Quarantine 4Gesture Recognition Intensifies with the Rise of In-car Smartphone Integration, Says Frost & Sullivan 2Gesture Recognition Intensifies with the Rise of In-car Smartphone Integration, Says Frost & Sullivan 3Gesture Recognition Intensifies with the Rise of In-car Smartphone Integration, Says Frost & Sullivan 4
... that honey bees "self-medicate" when their colony is infected ... antifungal plant resins to ward off the pathogen. ... effort of its worker bees to collect these resins," ... NC State,s Department of Entomology and lead author of ...
... A proposed study could help determine if there is a ... facilities and having a higher risk of cancer, but challenges ... Research Council, the operating arm of the National Academy of ... that a pilot study be completed first to evaluate the ...
... Peninsula, such as the Iberian lynx, are under an increasingly ... and that can even survive in extremely arid environments. A ... ticks to adapt according to climate. The life cycle ... movement patterns of people and goods. These parasites and the ...
Cached Biology News:Bees 'self-medicate' when infected with some pathogens 2Report presents designs for study of cancer risks near US nuclear facilities 2Report presents designs for study of cancer risks near US nuclear facilities 3Ticks can adapt to the Spain's climatic diversity 2
Hygromycin resistance gene (hph), provided in a pORF plasmid. pORF is an expression plasmid selectable with Ampicillin....
... designed to allow neomycin/kanamycin selection in ... loxP-PGK-gb2-neo-loxP template encodes the neomycin/kanamycin resistance ... (gb2) for expression of kanamycin resistance ... (PGK) for expression of neomycin resistance ...
... isolations. The kit provides a simple and ... from normal c lture using annexin V ... Ca2+-dependent phospholipid binding protein with high affinity ... Kit provides a simple and efficient means ...
... is tailored to highly enrich ... of rat spleen cells. Cells ... (or compatible 0.5 Tesla) immunomagnetic ... CD4+ T cell content of ...
Biology Products: