Healthcare >> Analyst Interviews >> April 26, 2005

LIFE SCIENCES & VENTURE CAPITAL: JONATHAN MACQUITTY – ABINGWORTH MANAGEMENT LTD

JONATHAN J. MACQUITTY has been a Director of Abingworth Management Ltd. (London, UK) and President of Abingworth Management Inc. (Menlo Park, California) since 1999. Abingworth is a leading life science investor in both North America and Europe, with four offices, 25 people and over $700 million under management. Abingworth is one of the most experienced trans-Atlantic venture capital firms, having invested in over 80 life science companies, the majority of which have gone public or been acquired. In 1988, following management positions at Genentech and Genencor, Dr. MacQuitty co-founded GenPharm International, a biotech company developing transgenic animal technology for antibody and other therapeutic applications. He was CEO of the company from its inception in 1988 until 1997, when GenPharm's US operations were acquired by Medarex. GenPharm's European operations were spun out in 1995 and went public in Europe in 1998 as Pharming BV. Dr. MacQuitty has an MA in Chemistry from Oxford University, a PhD in Chemistry from the University of Sussex (UK), and an MBA from Stanford. He has served on the Board of the Biotechnology Industry Organization and on the Boards of several private biotechnology companies in the US, including Adiana, Entelos, Guava, Hydra, Iconix, Labcyte, ParAllele, Quantum Dot and Sunesis Pharmaceuticals. He was also a Board member of Sosei, a Japanese biotechnology firm now listed on the Tokyo Stock Exchange. Profile
TWST: Let's start with a quick overview of Abingworth Management.

Dr. MacQuitty: Abingworth was founded in 1973 and is therefore over 30

years old. We're investing out of our 11th venture