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Sofinnova Ventures Announces Team Expansion and Promotion
Date:5/2/2013

MENLO PARK, Calif., May 2, 2013 /PRNewswire/ -- Sofinnova Ventures, a Menlo Park investment firm, today announced a senior team addition and key promotion. Srinivas Akkaraju , M.D., Ph.D. has joined the firm as General Partner and Anand Mehra , M.D., has been promoted to General Partner.

A long-term investor in the life science sector, Dr. Akkaraju will actively invest in biopharmaceutical companies from the firm's current fund, Sofinnova Venture Partners VIII.  He was most recently a Managing Director at New Leaf Venture Partners. Dr. Akkaraju's board memberships have included Piramed (acquired by Roche), Eyetech Pharmaceuticals (EYET), Synageva BioPharma (GEVA), Seattle Genetics (SGEN) and Intercept Pharmaceuticals (ICPT). Previously, Dr. Akkaraju was a co-founder and Managing Director at Panorama Capital. Before forming Panorama, he served as Partner of J.P. Morgan Partners. Prior to J.P. Morgan Partners, Dr. Akkaraju held business and corporate development positions at Genentech. Dr. Akkaraju received B.A. degrees in both Biochemistry and Computer Science from Rice University and M.D. and Ph.D. degrees in Immunology from Stanford University School of Medicine.

Dr. Mehra, who joined Sofinnova as a Principal in 2007 and was later promoted to Partner, has now been promoted to General Partner. He led Sofinnova's investment in Vicept Therapeutics (Acquired: Allergan), and served as Sofinnova's most recent board member at NextWave Pharmaceuticals (Acquired: Pfizer). He also played a role in the firm's investments in Hyperion (HPTX) and Amarin (AMRN). Currently, Dr. Mehra is a director of Aerie Pharmaceuticals and Marinus Pharmaceuticals, and led the firm's recent investment in Aclaris.

"We are pleased to have the opportunity to both attract proven talent and recognize excellent work within our team. We have known Srini for many
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SOURCE Sofinnova Ventures
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