2021 started off well for Dana-Farber Cancer Institute, with the launch of its new venture fund, Binney Street Capital, LLC, designed to invest in cutting edge technology to treat incurable cancers.

The cancer-fighting giant tapped Roche and Verily veteran Luba Greenwood to lead the Fund as its Managing Partner, which will be guided by an advisory group comprised of leading industry experts and investors focused on furthering Dana-Farber’s mission.  

More than 51 startups, including over 11 in just the past 3 years, have reportedly been created with research, IP and/or leadership sourced from Dana Farber.  The Institute has responded by launching the fund to invest in and support such companies as a means to the end of developing new and advanced therapies for patients.

Investments will reportedly be made in companies that were created with Dana-Farber IP or co-founded by a Dana-Farber investigator, and that focus primarily on therapeutics but in some cases novel diagnostics, digital health, and services also. 

Greenwood has indicated that Binney Street plans to invest in 8 to 10 companies over the next three years, with $250K – $2M per investment.  “The science has to be differentiated, it has to be truly break-through…” Greenwood said. “So basically the best of the best in oncology and immunology.”

Here are some posts relating to the launch of this fund for your reference: EndPoints News  Fierce Biotech  Dana-Farber Cancer Institute

Disclaimer: The information contained in this posting does not, and is not intended to, constitute legal advice or express any opinion to be relied up legally, for investment purposes or otherwise. If you would like to obtain legal advice relating to the subject matter addressed in this posting, please consult with us or your attorney. The information in this post is also based upon publicly available information, presents opinions, and does not represent in any way whatsoever the opinions or official positions of the entities or individuals referenced herein.

Photo of Dan Shores Dan Shores

Dan Shores is a dedicated attorney and strategist who believes in his clients and the power of their ideas. Dan applies a constructive, problem-solving approach to matters and excels at deciphering key translational aspects of a broad array of technologies to maximize leverage

Dan Shores is a dedicated attorney and strategist who believes in his clients and the power of their ideas. Dan applies a constructive, problem-solving approach to matters and excels at deciphering key translational aspects of a broad array of technologies to maximize leverage in the context of a client’s desired implementation of such technologies whether as participants in dynamic markets or as first movers.