Jim Tananbaum has been in the healthcare field for over two decades. He is currently the CEO of Foresite Capital, a firm he founded in the San Francisco area in 2011. His company’s focus is on investing in companies in the healthcare industry. As a private equity firm, Foresite Capital invests in companies and then helps them grow by supplying information and knowledge, networks, and capital.
Before founding Foresite Capital, Jim Tananbaum was an executive and co-founder of two biopharmaceutical companies as well as two other private equity healthcare oriented firms. His first company was GelTex Pharmaceuticals which was highly efficient in spending only $80 million on the development of two drugs that were brought onto the market. One of their drugs, Renegal, exceeded annual revenue of $200 million. Eventually he sold this company in 19986 for $1.6 billion.
Another company Tananbaum co-founded and led as CEO was Theravance, Inc. He developed a joint venture with another company and together they created Innoviva. He also spun off another company named Theravance Biopherma, Inc. which combined with the parent company they are worth about $3.2 billion, reports patientdaily.com.
Tananbaum entered the investment side of the industry and became a partner at Sierra Ventures. His leadership led to their investing in the healthcare industry and among the companies they acquired an interest in were Amira Pharmaceuticals, Healtheon, Amerigroup, and Jazz Pharmaceuticals.
While attending Yale University Jim Tananbaum majored in both computer science and electrical engineering. He is also a graduate of Harvard which is where he earned both his M.D. and M.B.A. Additionally, he graduated from MIT with an M.S. He counts among his mentors professionals such as George Whitesides at Harvard, Roy Vegelo of Merck and Theravance, and Rick Levin of Yale among others.
Regarding how he currently spends his workdays, Jim Tananbaum says that he spends the large majority of it involved in meetings and calls. Networking is also an important activity for him both inside and outside the office. However, he says that the biggest priority in his life is spending time with his family and enjoying activities with them, especially dinner.