According to Jim Tananbaum, innovation in healthcare demands more investment in capital and time, unlike in other fields. He also thinks that effective and dedicated investments bear more long-term and fulfilling fruits than other kinds of investments. The sensational healthcare investor and expert had plenty to say pertaining necessary traits and persuasions of any individual meaning to succeed in healthcare innovation. He shared the tips and head ups with Idea Mensch in the second quarter of the year 2017.
Jim was invested emotionally and ideally in the fruition of the sciences to improve healthcare from his formative years in schooling. He appreciated the role biological sciences played in preventing and combating disease but thought the efficiency of the struggle for a healthier humanity should be coupled with the accuracy and decisiveness that technology and logic had to offer. Consequently, he went to Yale and majored in Maths and Computer Science. The brilliant scholar went on to invest in his studies further by joining Harvard for his M.B.A before joining the Massachusetts Institute of Technology for his M.S. program.
When asked about his decision to found Foresite Capital, Jim shrugged it off as a decision derived from over 25 years of experiencing the need for enterprising healthcare innovation in the health sector. He does not gloat in the concept of brilliant inspirations but rather anchors the world-changing decision to a service-oriented perspective. The business is dedicated to nurturing and growing private healthcare-dedicated innovation companies through the provision of;
- Financial support
- Information and expertise
Jim Tananbaum prides himself in being dedicated to understanding and harnessing the future of healthcare. He collects and digests any available information published on advancing healthcare. He then verifies the information to come up with emerging trends for innovating drug concepts, technological devices, and healthcare techniques. He attributes his academic commitment to his ability to keep up with the very versatile and complicated details required in healthcare. More details can be found on Crunchbase.
The family man avidly sets out to spend time with his family. He likes having dinner with them and takes great pleasure in overseeing their progress. He also creates time for physical exercise in a bid to keep fit. Most the hours he can create for his fitness often result from in-between meetings. He is also closely affiliated with GelTex Pharmaceuticals NASDAQ and, Theravance Biopharma, Inc. as co-founder and CEO.