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CTI Life Sciences Fund Introduction. January 2008. CTI Life Sciences Fund - Raison D'être.
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CTI Life Sciences Fund Introduction January 2008
CTI Life Sciences Fund - Raison D'être "Where broad Operational and VC experience come together to create and realize shareholder value in Canadian Life Sciences Companies with pre-clinical and clinical drugs, drug enabling technologies and medical devices”.
CTI Life Sciences Fund – People Jean-François Leprince -Managing Partner Accomplished leader with 30 years of multi-products, multifunctional, multi-geographical experience in the pharmaceutical industry Richard Meadows-Managing Partner VC experience in two multi-billion dollar private equity funds along with 15+ years Business Development experience in the pharmaceutical industry Ken Pastor General Partner’s Representative 20 years experience in the financial market Shermaine Tilley – Principal 20 years experience in the biotech industry, including investment management, consulting, tech transfer and strong academic experience
CTI Life Sciences Fund - Investment Objectives DRUGS, DRUG ENABLING TECHNOLOGIES, MEDICAL DEVICES CRITICAL SUCCESS FACTORS Scientific Innovation Entrepreneurship/ Leadership Partnering with U.S. VC’s Interacting with Big Pharmas/ Biotechs Positioning for Exits • Strategic objectives • Value Creation through Pre-clinical/POC Process • M&A Exits Financial objectives High Returns Goal: Achieve IRR’s commensurate with ability to execute strategy
Ph III to market (NDA) Size of round: $25-50M Pre-Money $50-100M+ Post-Money: $75-150M Bump Up: ≈ 3-5 x Size of round: $1-5M Pre-Money $5-10M Post-Money: $6-15 M Size of round: $5-15M Pre-Money $10-20M Post-Money: $15-35M Bump Up: ≈ 2-3 x CTI Life Sciences Fund - Investment StrategyPicking the "right" Value Inflection Points
CTI Life Sciences Fund Portfolio Companies Lead/Co-Lead Active Follower
CTI Life Sciences Fund Overview • Emphasis on Quebec & Canadian life sciences companies, U.S. market opportunistically. • A highly experienced investment team. • A unique pro-active exit strategy • Through active post investment management. • Leveraging relationships with top advisors and US VC investors to position companies for successful exits. • M&A’s vs. I.P.O’s. • First Close: CAD $71 million, June 20 2006. • Target size: CAD $100 million, Achieved March 1 2007