The state of health care in the world calls for massive development and attention from investors and the government. This is because as time goes by, the bills associated with the health care system keep rising. Health care systems comprise of different organizations that share the vision of making healthcare accessible for citizens. With the constant rising costs of the health care system, Jim Tananbaum has taken it upon himself to develop a company that incorporates financial assistance as well as technology to help health care professionals in providing affordable and reliable health care packages. With a wide variety of private and public healthcare systems in the world, it is essential to note that amidst the diversity, Jim has concentrated on both sectors. Check out Crunchbase for more info.
Jim is the chief executive officer of Foresite Capital. Idea Mensch recently interviewed him. The interview focused on his contributions to the health care sector through Foresite Capital. The visionary has an extensive background in the medical system having co-founded a pharmaceutical company called GelTex by NASQAD before he established Foresite Capital. The company manufactured two useful drugs in the market at a little under $ 80 million. In 1998, GelTex was purchased when Renagel was fondly known as Renzela, and its leading drug could generate a profit margin of $200 million in a year. Currently, Renzela is worth $1 billion. Jim’s investment career extended to him co-founding Theravance Inc. He was also the chief executive officer of the company. Theravance shares the respiratory franchise of GSK through Innoviva.
Asked about the origin of Foresite Capital, Jim explained that he had worked in the health care system as an entrepreneur for twenty-five years. He has also worked as an investment strategist. During his career advancement in the two sectors, he amassed extensive experience regarding the use of technology in building business. He envisioned a new that would lead entrepreneurs to yield more profits through technology. Jim stated that most of the ideas were scientific and innovation. He, therefore, built Foresite Capital. This company is a symbol of a clear understanding of the health care system. Through the company, Jim’s vision is put to life. Foresite Capital prides itself on being the company that has invested in over seventy-seven health care facilities. Check out Business profile to know more.