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BioAdvance

BioAdvance

BioAdvance invests in companies developing technologies in sectors of therapeutics, research tools, medical devices, diagnostics, and health information technology.

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

Company
Description
Industry
Website
Location
Relmada Therapeutics

A company that deveops therapeutics for depression, CNS and ophthalmological disorders

A company offering a voice first care management platform that is headquartered in Boston, Massachusetts and was founded in 2014 by Dr. Aiden Feng, Emanuele Musini, and James Wyman.

A company that develops molecular imaging agents to detect and monitor chronic human diseases

A antiviral therapeutics company developing drugs for chronic Hepatitis B

Keriton is a Philadelphia-based healthcare company.

Ceptaris Therapeutics is a pharmaceutical company developing therapeutics for mycosis fungoides.

NexusPharma, Inc. is a Philadelphia, Mississippi-based company in the pharmaceuticals industry founded by Lutz Weber.

Bainbridge Health is a Philadelphia-based health information technology company.

BioDetego is a Philadelphia-based medical diagnostics company focused on developing tools for cancer diagnostics.

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