In a report by Wired, Jim Tananbaum is Foresite Capital’s Chief Executive Officer and founder. Foresite Capital aims at identifying the rising healthcare champions and assisting them to develop into profitable ventures, expand their networks, and supply them with the relevant information. Before founding Foresite Capital, Mr. Jim co-founded two healthcare investment practices and two prominent biopharmaceutical firms. Jim co-founded GelTex Pharmaceuticals that is proud of bringing two drugs into the market at the cost of less than $80 million. Mr. Tananbaum was the Chief Executive Officer of Theravance, Inc., and a co-founder member. Theravance, Inc., through a joint venture, share the respiratory Franchise of GSK. When combined, these companies have a market value of $3.2 billion approximately.
When asked, Jim attests that his more than 25 years of experience as an investment strategist and healthcare entrepreneur gave him the idea of founding Foresite Capital. The teams that Jim works with and the innovation science worked well in helping him found Foresite Capital. Foresite Capital understood clearly that what makes most emerging healthcare champions fail because the venture is time-consuming and capital-intensive. Hence, Foresite Capital chipped in to assist such healthcare gurus with the required networks, capital, and information in enabling them succeed in their ventures. To date, Foresite is proud to have financed over 77 diverse health care firms in medical services, genomic sequencing, biopharmaceuticals, and diagnostics areas. Jim Tananbaum points out that bringing some of the healthcare ideas not only requires financing but involves engaging some of the smartest, effective, and persistent champions in the field. Foresite, hence, know that all that is critical is assisting these champions to make great scientific discoveries that will make a huge impact in the medical field.
Jim, at Yale, Pursued a degree in Math and Engineering where he majored in Computer Science. He was later awarded, in Harvard, two masters; an M.B.A and M.D. Further, Mr. Tananbaum attended the Massachusetts Institute of Technology where he got his M.S. Jim attests that, since high school, he always had a passion for computer science and hard sciences and how they both relate to the healthcare field. Jim Tananbaum has among the many George Whitesands, Bob Gunderson, and Roy Vagelos, as his mentors.