Our Portfolio

Current and Prior Investments

Strategy:

Alveus Therapeutics

https://alveustx.com/

Investment Year: 2026

Clinical-stage biotechnology company developing next-generation therapies for obesity and metabolic diseases.

EpiBiologics

https://www.epibiologics.com/

Investment Year: 2026

Clinical-stage biotechnology company advancing a next-generation protein degradation pipeline and platform that targets extracellular membrane and soluble proteins.

Aro Biotherapeutics

https://www.arobiotx.com/

Investment Year: 2025

Clinical-stage biotechnology company working to develop potent and versatile tissue-targeted genetic medicines with a platform based on a proprietary protein technology called Centyrins.

Ensho Therapeutics

https://www.enshorx.com/

Investment Year: 2025

Clinical-stage biopharmaceutical company focused on developing breakthrough oral therapies for patients with inflammatory diseases.

CellCentric

https://www.cellcentric.com/

Investment Year: 2025

Clinical-stage biotechnology company developing inobrodib, a first-in-class, oral p300/CBP inhibitor for the treatment of multiple myeloma.

MapLight Therapeutics

https://maplightrx.com/

Investment Year: 2025

Clinical-stage biopharmaceutical company focused on improving the lives of patients suffering from debilitating central nervous system disorders.

Completed IPO in 2025

myTomorrows

https://mytomorrows.com/

Investment Year: 2025

Global HealthTech company that connects patients, physicians, trial sites, and BioPharma partners to enable earlier and better access to pre-approval treatments.

Evommune

https://www.evommune.com/

Investment Year: 2024

Clinical-stage biotechnology company discovering and developing novel therapies to treat immune-mediated chronic inflammatory diseases.

Completed IPO in 2025

Alentis Therapeutics

https://alentis.ch/

Investment Year: 2024

Clinical-stage biotechnology company developing treatments for Claudin-1 positive (CLDN1+) tumors and organ fibrosis.

TRexBio

https://trex.bio/

Investment Year: 2024

Clinical-stage biotechnology company developing purpose-built therapeutics by leveraging cutting edge computational biology tools, a focus on human tissue, and expertise in immunobiology.

Alto Pharmacy

https://www.alto.com/

Investment Year: 2023

A full-service, digitally-powered pharmacy providing an easier, more supportive and more affordable pharmacy experience.

Tourmaline Bio

Investment Year: 2023

Clinical-stage company developing transformative medicines that dramatically improve the lives of patients with life-altering immune diseases.

Completed reverse merger in 2023
Acquired by Novartis in 2025

PBS Biotech

https://www.pbsbiotech.com/

Investment Year: 2022

Commercial-stage life science company focused on manufacturing scalable single-use bioreactors and providing process development services to cell therapy clients.

Escient Pharmaceuticals

Investment Year: 2022

Clinical-stage company advancing novel small molecule therapeutics for the potential treatment of a broad range of neurosensory-inflammatory disorders.

Acquired by Incyte in 2024

AtomVie

https://www.atomvie.com/

Investment Year: 2022

Global contract development and manufacturing organization for radiotherapeutics.

Health Outlook

https://www.healthoutlook.com/

Investment Year: 2022

Health prediction company utilizing proteomics and advanced statistical techniques to better predict and improve health outcomes.

Xcell Biosciences

https://www.xcellbio.com/

Investment Year: 2022

Commercial-stage life science company dedicated to bringing an innovative primary cell control solution to the immunotherapy market to support research, drug discovery, and cell manufacturing.

Ellie Diagnostics

Investment Year: 2021

Disruptive animal health provider delivering innovative diagnostic solutions to veterinarians and pet owners across the United States.

Acquired by a strategic in 2025

Antios Therapeutics

Investment Year: 2021

Clinical-stage biotechnology company developing innovative therapies to treat and cure chronic hepatitis B virus (HBV).

Jasper Therapeutics

https://www.jaspertherapeutics.com/

Investment Year: 2021

Clinical-stage biotechnology company focused on enabling cures with hematopoietic stem cell therapies.

Merged with Amplitude Healthcare Acquisition Corporation in 2021

Caribou Biosciences

https://www.cariboubio.com/

Investment Year: 2021

Clinical-stage biotechnology company focused on developing transformative genome-edited allogeneic cell therapies for devastating human diseases.

Completed IPO in 2021

Ribon Therapeutics

Investment Year: 2021

Clinical-stage biotechnology company pursuing the development of novel small molecules that target cancer through its dependency on stress support pathways.

Arch Oncology

Investment Year: 2021

Clinical-stage immuno-oncology company that aims to discover and develop potential best-in-class antibody therapies for the treatment of patients with cancer.

Immunocore

https://www.immunocore.com/

Investment Year: 2020

Clinical-stage T cell receptor biotechnology company working to develop and commercialize a new generation of transformative medicines to address unmet needs in cancer, infection and autoimmune disease.

Completed IPO in 2021

Amber Ophthalmics

Investment Year: 2020

Clinical-stage ophthalmic company focused on novel therapeutics to address unmet medical needs, providing for the restoration, preservation, and improvement of patient vision and quality of life.

Acquired by a strategic in 2024

Sebela Pharmaceuticals

https://sebelapharma.com/

Investment Year: 2018

Commercial-stage specialty pharmaceutical company focused on gastrointestinal, dermatological, and women’s health products.

Meridien Research

Investment Year: 2018

Clinical trial site services company operating an integrated network of research sites in the Southeast United States.

Eyevance Pharmaceuticals

Investment Year: 2017

Commercial-stage specialty ophthalmic company focused on innovative and impactful branded prescription products targeting the anterior segment of the eye.

Acquired by Santen in 2020

Sentynl Therapeutics

Investment Year: 2015

Commercial-stage specialty pharmaceutical company focused on pain management and adjacent specialty therapeutics areas.

Acquired by Zydus in 2017

Saol Therapeutics

https://saolrx.com/

Investment Year: 2015

Clinical-stage therapeutics company focused on the central nervous system (CNS), orphan diseases, and conditions with high unmet medical need.

FOR VELAN HOLDINGS PLEASE SEE OUR 13F FILINGS.