Vivo Capital

Last updated

Vivo Capital, LLC
FormerlyBioAsia Investments
Type Private
Industry Investment management
Founded1996;28 years ago (1996)
FoundersFrank Kung
Edgar G. Engleman
Headquarters Palo Alto, California, U.S.
Products Hedge fund
Venture capital
Private equity
AUM US$5.4 billion (March 2023)
Number of employees
73 (March 2023)
Website www.vivocapital.com
Footnotes /references
[1]

Vivo Capital ("Vivo") is an American investment firm headquartered in Palo Alto, California. It is focused on making public and private investments in the healthcare and biotechnology industries.

Contents

Background

The firm was originally founded in 1996 as BioAsia Investments (due to its former association with Asian investors) by Frank Kung and Edgar G. Engleman. The two had previously founded Genelabs Technologies, a biopharmaceutical company that was acquired by GSK plc in 2008. [2] [3] [4] [5] [6] [7] [8]

Vivo has three strategies, Private equity, Public equity and Venture capital. Vivo historically has invested 70% of its capital into biotechnology companies and 30% into medical device companies. Originally it started investing in early stage companies but later on more towards growth stage companies and buyout deals. In the early 2000s, it started investing in Asia, mainly in China due to the opportunities provided. The biotech firms that Vivo invests in tend to already have new treatments in clinical trials with human experimental data and case studies available. However Vivo still invests in companies at all stages. [2] [3] [4] [6] [7] [9] [10]

Vivo has funded Sinovac Biotech, a Chinese biopharmaceutical company that developed the COVID-19 vaccine, CoronaVac. [6] [9] [11] [12] [13] Other notable companies it has invested in include WuXi AppTec, [6] Amyris, [14] Angiotech Pharmaceuticals [15] and Precision BioSciences. [16]

Vivo headquartered in Palo Alto, California with additional offices in Beijing, Hong Kong, Shanghai and Taipei. [2] [5] [6]

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References

  1. ↑ "Form ADV" (PDF). SEC. Archived (PDF) from the original on May 26, 2023. Retrieved May 26, 2023.
  2. 1 2 3 Gormley, Brian (April 27, 2015). "VC PROFILE: Vivo Capital Takes Advantage of Growth in China's Health-Care Market". Wall Street Journal. ISSN   0099-9660 . Retrieved January 13, 2024.
  3. 1 2 "Taiwan biotech can take off by overcoming challenges, says Frank Kung, founder of Vivo Capital". DIGITIMES. September 10, 2018. Archived from the original on May 26, 2023. Retrieved May 26, 2023.
  4. 1 2 "Vivo Ventures aims for Asia investment with $275M fund". VentureBeat. May 8, 2007. Archived from the original on May 26, 2023. Retrieved May 26, 2023.
  5. 1 2 "Fireside Chat：Entrepreneuership" (PDF). Taiwan Biomedical Innovation Association. November 19, 2022. Archived (PDF) from the original on December 1, 2022. Retrieved May 26, 2023.
  6. 1 2 3 4 5 "U.S. equity firm closes yuan-fund eyeing Chinese medical sector - Nikkei Asia". June 24, 2022. Archived from the original on June 24, 2022. Retrieved May 26, 2023.
  7. 1 2 Report, H. T. (September 5, 2019). "Vivo Capital Raises $1.3 Billion For Ninth Healthcare Fund | The Healthcare Technology Report". Archived from the original on May 26, 2023. Retrieved May 26, 2023.
  8. ↑ "GlaxoSmithKline buys Genelabs for $57 mln". Reuters. October 30, 2008. Archived from the original on May 26, 2023. Retrieved May 26, 2023.
  9. 1 2 "Vivo Capital, Bain Back Chinese Biotech Firm in $200 Million Fundraising". Bloomberg.com. December 8, 2021. Archived from the original on April 14, 2022. Retrieved May 26, 2023.
  10. ↑ Kreutzer, Laura. "Vivo Capital Passes Halfway Mark for Fund IX With at Least $863 Million". WSJ. Archived from the original on May 26, 2023. Retrieved May 26, 2023.
  11. ↑ Tirumalaraju, Divya (May 25, 2020). "China's Sinovac Biotech gets funding for Covid-19 vaccine development". Pharmaceutical Technology. Archived from the original on May 26, 2023. Retrieved May 26, 2023.
  12. ↑ "Sino Biopharm invests US$515 million in Sinovac's Covid-19 vaccine unit". South China Morning Post. December 7, 2020. Archived from the original on May 26, 2023. Retrieved May 26, 2023.
  13. ↑ "China's Sinovac, US' Moderna lead the race to develop vaccine against Covid-19". www.thehindubusinessline.com. June 1, 2020. Archived from the original on May 26, 2023. Retrieved May 26, 2023.
  14. ↑ "Amyris Announces Agreements For $50 Million in Second Tranche of Equity Financing, Exceeding Previous Target of $95 Million". GlobeNewswire News Room (Press release). August 3, 2017. Retrieved May 26, 2023.
  15. ↑ "Angiotech Pharmaceuticals to be acquired by Vivo, ZQ-led group - PE Hub". October 28, 2019. Archived from the original on October 28, 2019. Retrieved May 26, 2023.
  16. ↑ "Precision BioSciences Closed on a $110 Million Series B Financing". BioSpace. Archived from the original on May 26, 2023. Retrieved May 26, 2023.
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