OrbiMed

Last updated

OrbiMed Advisors LLC
FormerlyMehta & Isaly
Company type Private
Industry Investment management
Founded1998;26 years ago (1998)
FounderSamuel Isaly
Michael Sheffery
Arvind Desai
Headquarters Citigroup Center, New York City, New York, U.S.
Products Public equity
Private equity
Venture capital
Private credit
AUM US$18 billion (March 2024)
Number of employees
112 (March 2024)
Website orbimed.com
Footnotes /references
[1]

OrbiMed (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 and Biotechnology industries. OrbiMed is considered one of the world's largest dedicated healthcare investment firms. [2]

Contents

Background

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. [2] [3] [4] [5] [6] The firm made its first venture capital investment in 1993. [6]

In 1998, Mehta & Isaly split up into two entities, with Mehta forming Mehta Partners and Isaly forming OrbiMed Advisors. [2] [4] [7]

In 2007, OrbiMed expanded into Asia, opening offices in Shanghai and Mumbai. In 2010, the firm expanded into the Middle East, opening an office in Herzliya, Israel. [8]

In December 2017, Isaly stepped down from his role as managing partner of OrbiMed due to allegations of sexual harassment raised by former female employees. [3] [6] [9] [10]

Notable investments

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References

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  3. 1 2 "ObriMed Advisors founder to step down, be replaced by management committee". Pensions & Investments. December 8, 2017. Retrieved May 22, 2021.
  4. 1 2 "Mehta & Isaly Investment Firm Splits". The New York Times. January 6, 1998. ISSN   0362-4331 . Retrieved May 22, 2021.
  5. Kreutzer, Laura. "OrbiMed Seeks $4.75 Billion for Fresh Slate of Healthcare-Focused Funds". WSJ. Retrieved July 15, 2023.
  6. 1 2 3 McElhaney, Alicia (January 3, 2018). "Their Hedge Fund's Founder Was Accused of Sexual Harassment. Here's What They Did Next". Institutional Investor. Retrieved July 15, 2023.
  7. "OrbiMed Advisors". FierceBiotech. October 8, 2014. Retrieved May 22, 2021.
  8. "ORBIMED ADVISORS LLC Profile and Investing Strategy - GuruFocus.com". www.gurufocus.com. Retrieved May 22, 2021.
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  10. Norton, Leslie P. "OrbiMed's Sam Isaly Steps Down Amid Accusations of Sexual Misconduct". www.barrons.com. Retrieved May 22, 2021.
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