Jim Tananbaum Speaks On New Venture Partner

Jim Tananbaum, CEO and founder of Foresite Capital (a healthcare growth equity firm), recently welcomed the newest venture partner of the firm. The firm announced that Molly He, Ph.D., would be the next addition to their venture partnership. She brings 15 solid years of pharmaceutical and genomic research and developmental experience to Foresite Capital and is the former senior director at Illumina, an American company incorporated in April 1998 that develops, manufactures and markets integrated systems for the analysis of genetic variation and biological function. As per Bloomberg, Tananbaum states that “With her extensive expertise in genomics and drug development and her remarkable track record of leadership, she will be an invaluable resource to Foresite as we continue to expand and diversify our portfolio of transformational companies.” Dr. He finished her schooling with a Bachelor’s degree in biochemistry from Nankai University and a Ph.D. in protein biophysics from the University of California, Los Angeles. Not only is she well-accomplished academically, but also scholarly. She has authored over 20 published papers and is the owner of more than 20 patent issued patents and patent applications in the medicine and sequencing fields.

According to Businesswire, Jim Tananbaum is a well-versed CEO and has over 25 years of experience in his industry. And as Forbes states, “Earlier in his career, he has been part of Prospect Venture Partners II and III and Sierra Ventures. His major investments included Amira Pharmaceuticals, Amerigroup, Healtheon, and Jazz Pharmaceuticals. He holds a BS and a B.S.E.E. from Yale University, an MD from Harvard Medical School, an MS from MIT and an MBA from Harvard Business School.”

Throughout his illustrious career, he has been a part of building multiple healthcare franchises and even sold GelTex Pharmaceuticals (of which he was also the founder) for 1.6 billion dollars. Currently, the sales of Renzel (GelTex’s highest selling drug), brings in a revenue stream of around 1 billion dollars annually. Interestingly enough, Mr. Tananbaum started this company while still in college at Harvard University. More details can be found on Insidermonkey.com

See more: https://speakerpedia.com/speakers/jim-tananbaum

Tech Fashion Trends For The Future

According to Chris Burch, fashion and technology industries are seamless in a manner that they keep growing together. For the two industries, they always want to develop better business to access all their entities in a better management capability. For you to achieve better business in the industry, you must first obtain better solutions for the entities associated. Fashion and technology have become two interdependent industries. From the evolution of time, technology was always engaged in fashionable activities to grow. As a matter of fact, fashion as well was also involved in technological effects to make it grow. For this reason, their growth has been mutual to enhance better business in both industries.

 

The technology industry, as well as the fashion industry, has seen many changes together for a long time, when we look at the history of the two industries, we saw many inseparable ties that cannot be determined in any way. For this reason, their capabilities cannot work to get better business development in a manner that is not paralleled in the industry. One of the most important things about these two industries is that they keep growing together. For this reason, you can never succeed to separate their growth. Over time, technology becomes fashionable. When it becomes fashionable, it keeps on growing in a manner that is not paralleled in the industry. For this reason, technology evolves to become a better business development.

 

Fashion, on the other hand, requires some elements of technology to make it acceptable to the people. For this reason, its use is never complete if technology has not made its presence in fashion. We will be fascinated to learn the truth behind the growth of these industries. When we look at the past events, we might have a clue about what we are seeking fashion and technology are seamless industries.

 

The 70s brought about the introduction of the boom box. This was an entity that developed fast working capabilities in the technology industry. Because it was the most fashionable thing to have, its use was adopted on a massive scale by the people. The boom box allowed you to carry around your favorite stations. For this reason, you might have noticed that the industry has developed high-end capabilities to achieve better business developments. For this reason, people working o meet high-end needs in the industry are neglected. Because this technology was adopted on a massive scale, its use was associated with better business development.

 

 

New Brunswick Devco Defaults to Repay a Loan Due to its Low Revenue Generation

In January 2016, the Middlesex County failed to disburse $1 million in principal and interest to the Casino Reinvestment Development Authority on a $20 million loan it had received earlier. The article was posted in February on Press of Atlantic City. The Improvement Authority had previously been in arrears for five years, accumulating almost $7 million missed payments.
The loan which was taken in 20005financed the construction of The Heldrich, a New Brunswick hotel and conference center developed by a non-profit referred to as the New Brunswick Development Corp. The state Senate President, Stephen Sweeney has touted the corporation as a paragon of what can be accomplished when public money is funneled through private organizations to execute large scale construction.

The New Brunswick setup is also the model for the Atlantic City Development Corp., a sister firm which expects to oversee over $200 million in private and public financing, including a$19.5 million in New CRDA funds to put up the Gateway scheme in the City’s Chelsea section. Attorney Christopher Paladino heads the two corporations and is the individual who organized the $20 million loan. Paladino said that CRDA loan would be paid, but it would take a few more years.

The Heldrich has 235 rooms and was launched in 2007 as the economic downtown was setting in. It has been struggling to attract many clients. In 2015, the occupancy rate was 63.5%. Johnson & Johnson, whose administrators sit on the New Brunswick Development Corporation’s board of directors, was the largest account. The hotel is very cash-strapped such that the corporation has to step in and tap its own money to fund basic capital expenses. The hotel has performed anemically, despite the huge sum of money that was invested in it.

The Atlantic County Improvement Authority was to give $120 million in bonds for a Gateway project. The money was to construct a Stockton University satellite campus and was to be repaid with the dorm-room revenue as well as the sale of tax credits. The bond for Atlantic County Improvement Authority said that the Gateway project would not experience the same shortfalls.

Devco is a private non-profit township real estate development firm. It was established in 1970 to act as a catalyst for the city’s renaissance. The organization has overseen many investments in New Brunswick since its inception.

References
http://www.pressofatlanticcity.com/news/breaking/unpaid-million-crda-loan-raises-questions-about-new-brunswick-devco/article_a03318e2-dcdb-11e5-a563-67611bc7b7bc.html