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United States
The aging of the baby boomers provides high-growth opportunities for early stage medical device companies
Mis en ligne le 21/01/2008
Onset Ventures today announced that John Ryan has joined the firm as a partner. Ryan, manager of Panorama Capital, a JP Morgans Partners filial, will work with the medical technology investing team. As the medical device in the United States is unmet, ventures like Onset that helped to develop medical technologies are very needed.
"There continue to be substantial unmet basic medical needs globally and in the U.S.", said Leslie Bottorff, Onset managing director. "Moreover, the aging of the baby boomer population is providing additional high-growth opportunities for early stage medical device companies that bring unique solutions to their healthcare problems. John brings considerable experience in the sector, and we are pleased to add him to our investment team at such an opportune time." Ryan joins Onset from Panorama Capital, a venture capital firm created by the venture capital team from JPMorgan Partners. At Panorama and JPMorgan Partners, Ryan led the firm's venture investing efforts in the medical device sector. Ryan served on the boards of directors of several ventures focused on medical technology investments. Ryan holds an M.B.A. from the Harvard Business School and has a long experience. "Technological innovation and very creative entrepreneurs are enabling new medical technologies to fulfill previously unmet needs and, in many cases, provide more cost-effective therapeutic options", said Onset Ma naging Director Rob Kuhling. Onset sees particularly interesting opportunities are in neurostimulation, cardiac care, obesity treatment and orthopedics. Ryan explained his reasons for joining the firm : "Onset is one of the few venture firms that has, for more than 20 years, had a practice with an unwavering commitment to early stage medical technology investing. According to Peter Edelstein, MD, President and Ceo of Aragon Surgical, an Onset portfolio company : "It's critical that venture capitalists bring more than just money at the early stage - they need to pitch in and become true business partners". Onset Ventures specializes in providing an ideal mix of start-up, follow-on, and intellectual capital to entrepreneurs and early-stage technology ventures, to help transform world-class ideas into sustainable and valuable businesses. The firm has backed over 100 companies since 1984 and now has more than $700 million under management. Onset Ventures focuses exclusively on information and medical technology-based start-ups, and has a long history of successful ventures in each of these sectors. This is a great news for baby-boomers who might suffer from the unmet medical device. (Business Wire, 07/01/2008 : " Onset Ventures Adds John Ryan to Expand Medical Technology Investing Team ; Significant Unmet Medical Needs, Maturing Baby Boom Generation, and Technological Advances Continue to Produce Attractive Opportunities for Medical Device Start-Ups")
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