OrbiMed (also known as OrbiMed Advisors) is an American investment firm based in New York City, United States. It is focused on making public and private investments in the

Healthcare Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health profe ...

and

Biotechnology Biotechnology is the integration of natural sciences and engineering sciences in order to achieve the application of organisms, cells, parts thereof and molecular analogues for products and services. The term ''biotechnology'' was first used b ...

industries. OrbiMed is considered to be the largest dedicated healthcare investment firm in the world.

History

In 1989, S.G Warburg pharmaceutical analysts, Viren Mehta and Samuel Isaly founded Mehta & Isaly, a money-management and research firm. This was the predecessor firm to OrbiMed. In 1993, the firm made its first private equity investment. In 1998, Mehta & Isaly split up where Mehta would form Mehta Partners and Isaly would form OrbiMed. In 2007, OrbiMed expanded into Asia opening offices in

Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flow ...

and

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...

and in 2010, expanded into the Middle East opening a office in

Herzliya, Israel Herzliya ( ; he, הֶרְצְלִיָּה ; ar, هرتسليا, Hirtsiliyā) is an affluent city in the central coast of Israel, at the northern part of the Tel Aviv District, known for its robust start-up and entrepreneurial culture. In it h ...

. In 2011, OrbiMed launched its first health care royalties and credit opportunities fund. In December 2017, Isaly stepped down from his role as managing partner of OrbiMed due to allegations of

sexual harassment Sexual harassment is a type of harassment involving the use of explicit or implicit sexual overtones, including the unwelcome and inappropriate promises of rewards in exchange for sexual favors. Sexual harassment includes a range of actions fro ...

by former female employees of OrbiMed.

Business Overview

OrbiMed is headquartered in

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

, with additional offices in

San Francisco San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

and

Herzliya Herzliya ( ; he, הֶרְצְלִיָּה ; ar, هرتسليا, Hirtsiliyā) is an affluent city in the central coast of Israel, at the northern part of the Tel Aviv District, known for its robust start-up and entrepreneurial culture. In it h ...

. The firm has three investment strategies:

Public Equity

OrbiMed manages public equity funds that include

long/short equity Long/short equity is an investment strategy generally associated with hedge funds. It involves buying equities that are expected to increase in value and selling short equities that are expected to decrease in value. This is different from the ri ...

event-driven investing Event-driven investing or Event-driven trading is a hedge fund investment strategy that seeks to exploit pricing inefficiencies that may occur before or after a corporate event, such as an earnings call, bankruptcy, merger, acquisition, or spin ...

and closed-end

investment trust An investment trust is a form of investment fund found mostly in the United Kingdom and Japan. Investment trusts are constituted as public limited companies and are therefore closed ended since the fund managers cannot redeem or create shares. ...

s. Investments are in publicly traded companies related to Healthcare and Biotechnology.

Private Equity

OrbiMed invests in Startup Companies as well as Mature Companies with a Growth Equity strategy.

Private Credit/Royalty

OrbiMed provides commercial-stage healthcare companies with private

debt Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The ...

financing.

Private Equity Funds

North America & Europe

Asia

Israel

Royalty Opportunities

Notable investments

AbCellera Biologics AbCellera Biologics Inc. is a Vancouver, British Columbia-based biotechnology firm that researches and develops human antibodies. The company is best known for its leading role in the Pandemic Prevention Platform, a project of DARPA's Biologic ...

Acceleron Pharma Acceleron Pharma, Inc. is an American clinical stage biopharmaceutical company based in Cambridge, Massachusetts with a broad focus on developing medicines that regulate the transforming growth factor beta (TGF-β) superfamily of proteins, which p ...

Ambit Biosciences Ambit was an American pharmaceutical company focused on development of kinase inhibitor therapeutics to treat a variety of human diseases.The SEC 10K submission for 2013 indicates that the company is a "biopharmaceutical" company, which implies that ...

* California Institute for Quantitative Biosciences *

Cynapsus Therapeutics Cynapsus Therapeutics Inc. is a specialty pharmaceutical company developing a drug to treat the motor symptoms of Parkinson's disease. Based in Toronto, Ontario, Canada. Formerly named Cannasat Therapeutics they changed their name to Cynapsus The ...

* DFINE, Inc. *

Gelesis Gelesis is a biotechnology company located in Boston, Massachusetts that developed the weight loss device Gelesis100 (Plenity) for use in overweight and obesity. The company produces Gelesis100, which is a superabsorbent hydrogel capsule that exp ...

Intercept Pharmaceuticals Intercept Pharmaceuticals, Inc. is an American biopharmaceutical company incorporated in 2002, focusing on the development of novel synthetic bile acid analogs to treat chronic liver diseases, such as primary biliary cirrhosis (PBC) now called p ...

Natera Natera, Inc. is a clinical genetic testing company based in Austin, Texas that specializes in non-invasive, cell-free DNA (cfDNA) testing technology, with a focus on women’s health, cancer, and organ health. Natera’s proprietary technology ...

OmniGuide OmniGuide, Inc. is a private medical device company developing and commercializing minimally-invasive surgical tools. Founded in 2000, OmniGuide's manufacturing facilities and executive offices are located in Lexington, Massachusetts Lexington ...

* TigerConnect

References

External links

www.orbimed.com
(Company Website) {{authority control Financial services companies established in 1989 Hedge funds Private equity firms of the United States Venture capital firms