Jim Tananbaum says healthcare demands the most investment in capital and time that more than any other field. He further asserts that the investments have to be made strategically to bear the most long-term benefits possible. For the healthcare field, short term benefits maybe good but long term benefits are better. As one of the most sensational healthcare investors of the 21st century, and perhaps all-time as well, Jim has had some noticeable successes and he attributes all of them to creativity, commitment, hard work and plenty of studying. The pharmaceutical giant had an interview with Idea Mensch and shared some insights on how to prosper in his line of entrepreneurship.
Since Jim was a kid, in his formative years of schooling, he was always obsessed by the idea that all the sciences could be blended to improve healthcare. He appreciated the role that biological sciences played in explaining and treating various physiological malfunctions. However, he felt that the struggle to make humanity healthier would have been made easier and more efficient by coupling the biological sciences with the accuracy and decisiveness that technological devices offer other sciences. His conviction grew into persuasion and he enrolled at Yale where he majored in Maths and Computer Science. The knowledge he amassed in his undergraduate studies tickled his curiosity further and he went on to pursue his M.B.A at Harvard. Finally, he took his M.S training at the Massachusetts Institute of Technology. Information sourced from linkedin.com.
The Foresite Capital
Jim claims that the reason he founded the Foresite Capital was because his more than 25 years of professional interactions always made him feel the void that the healthcare industry needed filled. He asserts that the healthcare sector needed enterprising innovators to streamline services and products to solve numerous outstanding health issues. He says that the Foresite Capital was not just a brilliant idea he had but a manifestation of years of brainstorming in an effort to fix existing issues in the healthcare sector.
Foresite Capital is a firm that is committed to nurturing and growing private healthcare innovation companies through;
- Providing them with financial support,
- Providing them with networking services,
- And providing them with information and expertise
Apart from being an avid reader and a family man, Jim describes himself as a learning socializer. He only keeps company that he can learn from during his leisure time. He is the co-founder and CEO of Theravance Biopharma, Inc. He is also closely associated with the GelTex Pharmaceuticals NASDAQ. To learn more, visit the website officialjimtananbaum.com.