CORRECTION: Symphony Medical, Inc.

Symphony Medical (Laguna Hills, CA) develops proprietary biopolymer and cellular-based biologic therapies to effectively treat chronic and post-operative atrial fibrillation and other cardiac conduction abnormalities, has raised $5M, bringing the aggregate investment in all rounds into Symphony Medical to $17 million. The only participants in the round were Domain Associates, Johnson & Johnson Development Corp., Morgenthaler Ventures and Triathlon Medical Ventures.

Help Wanted: Venture Partner (Inventages)

Who says VC does not hire? Inventages, with offices in Switzerland and the Bahamas, appears to be recruiting a Life Sciences Venture Partner for their $1.5B global fund. Forward any inquiries to hr [at] inventages [dot] com.

Primary Responsibilities of Venture Partner:

• Support in due diligence and portfolio management
• Manage portfolio co.’s on biz dev, marketing, strategy and ops
• Take on management positions or board seats

Key Task may involve:

• Implement marketing strategy and strategic decisions
• Structure collaborations, partnerships and agreements
• Serve as liaison officer for commercial projects

Required Qualifications of Candidates:

• The candidate shall have a life science and business education
• Experience in marketing of OTC and Pharma products
• Experience in biz dev, negotiation and deal making skills
• Minimum of ten years experience in Biotech and Pharma
• Experience in establishment of contacts within large corp
• Excellent English skills; a second language is welcome

It’s A Blog…No…A dBase?

My intention with OnBioVC is to 1) Develop a searchable pseudo-dBase of bio deals; inquiries may be made by round, location and sector. The ‘categories’ in the side-rail is where one can do their searching and sorting, and 2) Post monthly, quarterly and annual summaries of the activity observed. Likewise these qualitative pieces will be searchable in the side-rail too.

I am eager to hear suggestions on alternative/additional methodologies. Please email me your thoughts: arubenstein@rnaventures.com

Why This? Why Now?

I have been blogging at Colorado Life Science Deal Flow (CLSDF) since May of 2005. My foray into the blogosphere was catalyzed by observing little orange RSS chicklets all around the web. This curiosity about new technology led to building something that has become unexpectedly both valuable and rewarding.

Rewind to yesterday and my conversation with a former managing director of a successful life science venture capital firm turned CEO (again). This distinguished gentlemen, who shall remain nameless (for the time being), was so smartly complimentary of CLSDF. The heaping praise was very much appreciated however, then came the inevitable “BUT”. He mentioned that there does not appear to be anyone blogging about the entire bio VC landscape; CLSDF is obviously very geographically niche.

So with that in mind…OnBioVC was born.

Not being certain where this path may lead it will undoubtedly be a fun experiment…