Founded in 2002, BioAdvance is a venture capital firm based in Radnor, Pennsylvania. The firm seeks to invest in health-tech firms including therapeutics, medical devices, diagnostics, research tools and healthcare IT sectors located in the mid-Atlantic region.
BioAdvance provides funding to startup life sciences companies in Southeastern Pennsylvania through its new $50 million Greenhouse Fund.
Since its first investments, BioAdvance has committed more than $40 million to more than 50 seed-stage companies and 17 pre-seed companies. Their portfolio companies are working to develop products to treat health problems including Alzheimer's disease, cancer, obesity, GI disorders, neurological and respiratory illnesses. BioAdvance was established with $33 million from the Commonwealth of Pennsylvania's share of tobacco settlement.
Investment
BioAdvance's investments include Novira Therapeutics, Immunome, Halo Labs, Leversense, Niiki Pharma, Solaris Therapeutics, Galleon Pharmaceuticals, Cool-Bio and CarePartners Plus.
Their exited investments include Advaxis, Relmada Therapeutics, Novira Therapeutics, NuPathe, HealthQx, Ceptaris Therapeutics, Avid Radiopharmaceuticals, Acuity Pharmaceuticals, Protez Pharmaceuticals and Immune Control.
Timeline
Funded Companies
A company that deveops therapeutics for depression, CNS and ophthalmological disorders
A company that develops molecular imaging agents to detect and monitor chronic human diseases
Oncora Medical is a company founded by Chris Berlind.
A biopharmaceutical company developing pharmacology platform for pre-clinical drug candidates
A antiviral therapeutics company developing drugs for chronic Hepatitis B
Bainbridge Health is a Philadelphia-based health information technology company.
Ceptaris Therapeutics is a pharmaceutical company developing therapeutics for mycosis fungoides.
BioDetego is a Philadelphia-based medical diagnostics company focused on developing tools for cancer diagnostics.
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Contributors
- 1
Aleksander Holm
Interested in understanding the world we live in. - 2
Melanie Manipula
Researcher, writer and a former librarian - 3
Jed Christiansen
Special Projects & Business Development at Golden, Founder - Seed-DB. - 4
Reys Phillips
A graduate of Cleveland State University with a Bachelor of Science in Education. My main hobbies include story writing and reading. - 5
Neelam Jhaveri
Techno Geek + Gamer + Fashionista + Sense of Humor = It's ME