PORTOLA VALLEY, Calif., Jan. 9 /PRNewswire/ -- Synergy Life Science Partners, LP, a venture capital limited partnership focused on investments in emerging medical device technologies, today announced the successful completion of fundraising for its debut fund with an aggregate of $143 million in committed capital. The firm has closed on six investments to date.
Founded in 2006 by John Onopchenko, Richard Stack, M.D., and William Starling, Synergy invests directly in private, early-stage medical device firms or emerging companies that are developing disruptive technologies to address unmet or under-served human healthcare needs. Areas of therapeutic interest include cardiovascular disease, orthopedic and spinal diseases and injuries, metabolic disorders such as diabetes and obesity, neuro-mediated disorders, oncology and ophthalmic conditions.
"We're excited about our fundraising accomplishments and our early portfolio," said Onopchenko, a managing director of Synergy. "We've received a great deal of support from our new limited partners, who share our vision for building and accelerating the delivery of innovative medical products. Our goal is to help dramatically improve the standard of patient care in our therapeutic categories, while generating exceptional returns to the customers of and investors in our portfolio companies."
For Synergy's limited partners, the decision to participate has been based on a unique set of factors. "Synergy's innovative strategy for medical device investing is an ideal fit for our portfolio," said Tracy Harris, Director for Parish Capital Advisors, LLP. "We believe the unmatched industry expertise of the managing directors and the fund's strategy of targeting early-stage companies in large therapeutic areas position Synergy to offer outsized returns for investors."
Synergy intends to invest in early-stage companies in large therapeutic
areas in both the medical device and the combination product sect
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