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Our Focus

At Forbion Capital Partners we invest in Life Sciences and Biomedical Technology companies developing world-class drugs and technologies, with a clear focus on product development.


The Forbion team is specialized in the evaluation of late stage preclinical / early stage clinical development programs. We focus on companies that have innovative technologies and drug development programs with unique advantages over current treatments. Furthermore, we invest in medical device companies with a special focus on interventional devices in cardiology, gastroenterology and pulmonology that are close to market approval.


Our involvement continues beyond the initial investment. We work closely with scientists, academic institutions, entrepreneurs and industry experts to accelerate the development and to optimize the commercial potential of our portfolio company's products and technologies.


The Forbion team began operating in 2000 as ABN AMRO Capital Life Sciences, the venture arm of ABN AMRO Bank NV. In December 2006 the group broadened its investor base, became independent, and changed its name to Forbion Capital Partners. Throughout this time the Forbion team made new investments and has successfully divested from a series of companies, including Santaris, Biovex, Pathway, Impella, Alantos, Glycart, Acorda, Argenta, Fovea and Borean.


Current funds under management exceed EUR 540M, split between five active funds and comprising some 28 promising portfolio companies. FCF III recently had its first close at EUR 92M, the aim is to raise EUR 150-200M.


Part of the capital invested from Forbion Capital Partner’s funds is provided by the ERP-EIF facility and the LfA-EIF facility, which is managed by the European Investment Fund.


Forbion closely collaborates with BioGeneration Ventures, a Netherlands-based venture capital firm investing in Dutch start-up and early stage life sciences companies.



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"The Forbion team is highly approachable - and once decided to make an investment they show extraordinary tenacity and insight to make it happen. Allecra has a real partner in Forbion, not merely another investor."

Nicholas Benedict
CEO, Allecra Therapeutics, Germany
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  • Investment Team

    Having invested and worked together since 2000, the Investment Team has a broad strategic network of relationships and has been active on a combined 49 boards of Forbion portfolio companies. The principals typically take a collaborative approach to reviewing transactions that leverage their combined clinical, financial, operational and management expertise.

    "We empower entrepreneurs to foster healthcare innovation."
  • Holger Reithinger, Ph.D.

    General Partner

    Phone+49 172 252 9032 VCardDownload vCard
    "We partner with innovation-driven entrepreneurs to build successful businesses."
    more about me >
  • Philip Astley-Sparke FSA

    Venture Partner

    "True innovation is driven by a small minority who are able to create precedent rather than follow it."

    Managed portfolio companies

    more about me >
  • Cyril Lesser, MSc


    Phone+31 35 699 3020

    Cyril joined Forbion Capital Partners in October 2009 as Controller. His main focus lies in the financial and treasury operations as well as the accounting and tax reporting for all Forbion Capital partners’ entities.

    Prior to joining Forbion Capital Partners Cyril was a Senior Account Manager at a Trust office where he was responsible for a team dealing with the accounting, financial and tax aspects of several companies.

    Cyril holds a master’s degree in International Financial Economics from the University of Amsterdam and a master’s degree in fiscal law from the Free University of Amsterdam, The Netherlands.

  • Sander Slootweg MSc

    Managing Partner

    Phone+31 35 699 3015 VCardDownload vCard
    "Investing in the LS space can be very rewarding as financial success is often coupled to success for patients in new drugs and devices for high needs reaching the markets."
    more about me >
  • Christina Takke Ph.D.


    Phone+31 6 54982441 VCardDownload vCard
    "We translate scientific excellence into commercial success."

    Managed portfolio companies

    more about me >
  • Bart Bergstein MSc

    Senior Advisor

    Phone+31 6 5243 3294 VCardDownload vCard
    "The beauty of this industry is that success is often both financial success and success for humanity."
    more about me >
  • Martien van Osch MSc

    Managing Partner

    Phone+31 35 699 3016 VCardDownload vCard
    "Any ground-breaking idea needs the right recipe to become a commercial winner."

    Managed portfolio companies

    more about me >
  • Marco Boorsma, Ph.D.


    Phone+31 35 699 3022 VCardDownload vCard
    "My favored ingredients to produce an extraordinary and successful innovative business? Optimal dosing of talent, entrepreneurship, and hard work."
    more about me >
  • John J.P. Kastelein, MD PhD FESC


    Phone+31 20 566 6612

    Prof. Kastelein advises Forbion on the cardiovascular and metabolic disease space and presents Forbion with investment opportunities in these fields.


    Dr. John Kastelein is professor of medicine, chairman of the department of vascular medicine, and holds the Strategic Chair of Genetics in Cardiovascular Disease at the Academic Medical Center of the University of Amsterdam. Dr. Kastelein is a member of the Steering Committees of numerous lipid lowering and cardiovascular intervention trials. His main interest is in the development of novel therapies for Cardiovascular Diseases and the genetic basis of dyslipidemia. Dr. Kastelein was awarded a doctorate in Medicine (with Honours) from the University of Amsterdam, trained in internal medicine at the Academic Medical Center of the University of Amsterdam, and trained in lipidology and molecular biology at the University of British Columbia in Vancouver. He is president of the Dutch Atherosclerosis Society and the National Scientific Committee on Familial Hypercholesterolemia and also a Fellow of the European Society of Cardiology (FESC). In 2010 he was awarded the prestigious Dutch Heart Association prize of EUR 1 million and in 2011 the ZonMw Parel for his research in the field of gene therapy. 


  • Sander van Deventer MD Ph.D.

    Managing Partner

    Phone+31 6 54982592 VCardDownload vCard
    "We bridge the chasm that separates research and development."
    more about me >
  • Rogier Rooswinkel, PhD

    Senior Analyst

    Phone+31 35 699 3000 VCardDownload vCard
    "It always starts with good science, but only exits with good management."
    more about me >
  • Kapil Dhingra, PhD


    Phone+1 973 7293560

    Dr. Dhingra advises Forbion on opportunities in the oncology space. His vast network within the Pharma industry is a key asset to the Forbion portfolio companies that he is involved with.


    Dr. Kapil Dhingra is a medical oncologist and a physician-scientist. He is the founder of KAPital Consulting, LLC, a consulting company dedicated to assisting biotechnology, pharmaceutical and diagnostic companies realize the full promise of scientific, clinical and commercial advances in oncology. He received his medical training at the All India Institute of Medical Sciences, New Delhi, India, followed by an Internal Medicine Residency at Lincoln Medical Center, New York, NY and a Hematology-Oncology fellowship at Emory University, Atlanta, GA. In 1989, he joined the faculty of M.D. Anderson Cancer Center, Houston, Texas where he pursued laboratory and clinical cancer research, in addition to his direct patient care responsibilities. Dr. Dhingra joined Eli Lilly and Company in 1996 as Clinical Research Physician. He joined Roche in 1999 and was promoted, in 2002, to Vice President, Oncology. He played a key role in the dramatic expansion of Roche oncology enterprise leading to Roche becoming the global leader in oncology. In 2007, he was appointed Leader, Disease Biology Leadership Team, within Roche’s R&D model. Dr. Dhingra holds several Board positions including at  Forbion’s portfolio company Exosome Diagnostics. He previously served on the Board of BioVex and Micromet.


  • G-J Mulder, MD

    General Partner

    Phone+31 35 699 3018 VCardDownload vCard
    "Art and Science have always driven innovation and translation of socially relevant ideas, both provide a framework for investing with high-value impact."
    more about me >
  • Avi Molcho MD MBA

    Venture Partner

    Phone+972 54 5555 957 VCardDownload vCard
    "The life of a startup is a rollercoaster. We have always been supportive of our companies through their ups and downs."

    Managed portfolio companies

    more about me >
  • Vincent van Houten, MSc

    VP Finance

    Phone+31 35 699 3019

    Vincent van Houten joined Forbion Capital Partners in 2007 and since then played an active role in setting up and maintaining the Forbion investment funds. Vincent holds a Masters degree from the University of Amsterdam and has a Finance and Accounting background. His focus includes the financial and fiscal activities of Forbion. Vincent is responsible for financial, reporting and fiscal topics of the various Forbion funds, as well as for the Forbion group related topics. Vincent has experience in corporate and fiscal (re)structuring. In that respect Vincent also assists the Investment Team on portfolio related financial topics. Prior to joining Forbion he worked at a trust office. 

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  • Allecra Therapeutics

    CEO: Nicholas Benedict

    Phone  +41 79 592 2005

    Allecra Therapeutics is a biopharmaceutical company established in 2013 focussed on the development of novel treatments to combat multi drug-resistant bacterial infections.

    Forbion contact: Holger Reithinger, Ph.D.

  • AM-Pharma B.V.

    Rumpsterweg 6
    3981 AK Bunnik
    The Netherlands
    CEO: Erik van den Berg, MSc, MBA

    Phone  + 31 30 228 9222
    Fax  + 31 30 228 9220

    AM-Pharma is a biopharmaceutical company developing a novel recombinant human alkaline phosphatase for treatments of severe inflammatory mediated diseases.  Alkaline Phosphatase plays a key role as an anti inflammatory agent in various disease pathways.  The Company’s lead programs are for Acute Kidney Injury and Inflammatory Bowel Disease.

    Forbion contact: G-J Mulder, MD

  • Amakem N.V.

    BioVille, Agoralaan bldg. A bis
    3590 Diepenbeek
    CEO: Mr. Jack Elands

    Phone  +32 11 286-982
    Fax  +32 11 490-209

    Amakem is a kinase platform company focusing on ophthalmology and is developing new treatments for serious eye conditions. The Company's lead candidate, AMA0076, targets glaucoma, a condition which damages the optic nerve resulting in vision loss and ultimately blindness.

    Forbion contact: Christina Takke Ph.D.

  • arGEN-X B.V.

    Willemstraat 5
    4811 AH Breda
    The Netherlands
    CEO: Tim van Hauwermeiren, MSc, EMBA

    Phone  +31 10 70 38 441
    Fax  +31 10 70 38 440

    ArGEN-X focuses on the discovery and development of human antibodies using its proprietary SIMPLE Antibody (TM) platform. The platform generates a limitless source of extremely high quality human antibodies that modulate the function of disease targets, including complex receptors and highly conserved targets, that are not possible to generate with other antibody technologies. The Lead antibodies generated are further differentiated through enhancement of their cell killing properties (Potelligent® technology) and circulation time in the body (NHance™ technology). arGEN-X’s portfolio consists of novel programs addressing oncology, autoimmune and inflammation indications.

    Forbion contact: Christina Takke Ph.D.

  • Argos Therapeutics, Inc.

    4233 Technology Drive
    Durham, NC 27704
    CEO: Jeff Abbey

    Phone  +1 (919) 287-6300

    Argos is focused on the treatment of metastatic cancers and chronic infections using a proprietary platform technology that stimulates immune cells with messenger RNA. The  company’s lead product is for the personalized treatment of advanced renal cell carcinoma and is in phase III clinical development. A second product for therapeutic vaccination in HIV is in phase II development. Argos has also developed an interferon-neutralizing antibody for systemic lupus and has developed a CD83 Soluble Protein for Transplant Rejection/ Autoimmune Disorders in late preclinical development. Argos is listed on Nasdaq and traded under the symbol ARGS.

    Forbion contact: Sander van Deventer MD Ph.D.

  • ario pharma

    United Kingdom
    CEO: Tim Brears, PhD

    Phone  +44 (0)1223 493900
    Fax  +44 (0)1223 493901

    Ario Pharma is a clinical-stage company developing a novel therapeutic approach to overactive bladder, an area of significant unmet medical need. The Company’s development compound, XEN-D0501, targets a well-established, but not yet exploited mechanism for overactive bladder, and is about to start Phase two clinical development.

    Forbion contact: Sander Slootweg MSc

  • bluebirdbio, Inc.

    840 Memorial Drive
    Cambridge, MA 02139
    CEO: Nick Leshly

    Phone  +1 617 491 5601

    bluebird bio is developing innovative gene therapies for severe genetic disorders from a broadly applicable gene therapy platform. bluebird bio has two later stage clinical products in development for childhood cerebral adrenoleukodystrophy (CCALD) and beta-thalassemia/ sickle cell anemia. The company was formerly known as Genetix Pharmaceuticals

    Forbion contact: G-J Mulder, MD

  • Cellnovo, Ltd.

    Ethos, Kings Road
    Swansea, SA1 8AS
    United Kingdom
    CEO: Eric Beard, Executive Chairman

    Phone  +44 203 058 1250

    Cellnovo is a medtech company developing a next generation insulin pump system.  The pump is a small sized, precise patch pump that wireressly communicates with a iPhone like controller.  The controller has a built in Lifescan blood glucose meter. All key data like insulin delivery, BG readings and activity are automatically transferred via mobile network to a central database.  Patients and caregivers (physicians and parents of diabetic children) can access this database for advice and monitoring. The iPhone like controller, the mobile connectivity and web based access to the data make this an extremely efficient and user friendly e-Health system.

    Forbion contact: Holger Reithinger, Ph.D.

  • Curetis AG

    Max-Eyth-Strasse 42
    71088 Holzgerlingen
    CEO: Oliver Schacht, PhD

    Phone  +49 7031 491950

    Curetis AG is a molecular diagnostic company focusing on the development and commercialization of a universal molecular diagnostics solution for easy-to-use, fast and reliable molecular disease testing. The lead product is the Unyvero P50 Pneumonia Cartridge (CE mark 2012) that provides a single diagnostic for the detection of, bacteria and antibiotic resistance.

    Forbion contact: Holger Reithinger, Ph.D.

  • Dezima Pharma

    The Netherlands
    CEO: Rob de Ree

    Phone  +31 35 699 3000

    Dezima Pharma develops novel compounds to treat cardiovascular disease related to dyslipidemia. Its lead compound is a potentially best-in-class CETP inhibitor currently in mid-stage clinical development.

    Forbion contact: Sander Slootweg MSc

  • enGene Inc.

    7171 Frederick-Banting
    Montreal, Quebec
    H4S 1Z9 Canada
    CEO: Anthony Cheung, PhD

    Phone  +1 604 221 4362
    Fax  +1 604 221 4369

    enGene has developed a proprietary DNA/ RNA delivery platform for the gut, which allows targeting of a wide range of diseases. The lead indication is in IBD.

    Forbion contact: Sander van Deventer MD Ph.D.

  • Exosome Diagnostics

    840 Memorial Drive, Suite 3
    Cambridge MA 02139
    CEO: Tom McLain

    Phone  +1 617 588 0500

    Exosome is a diagnostics company developing exosome-based minimally-invasive, body fluid molecular diagnostics commercializing in vitro diagnostic tests for use in companion diagnostic applications and real-time monitoring of oncologic, metabolic and other diseases. Lead program in prostate cancer.

    Forbion contact: G-J Mulder, MD

  • gIcare pharma Inc.

    2202 Oxford
    Montréal, Québec, H4A 2X8
    CEO: Maxime Ranger

    Phone  +1 514 508 7014

    gIcare Pharma develops an innovative, orally-administered drug, GIC-1001, which provides colonic analgesia without the limitations and disadvantages of currently used agents. This new chemical entity is an opioid agonist capable of releasing hydrogen sulphide (H2S), a gaseous mediator providing multiple beneficial pharmacological effects. GIC-1001’s opioid agonist moiety induces viscerosensitivity modulation and exerts antinociceptive effects, which reduces the perception of pain caused by mechanical stimuli in the colon, such as colorectal distension and spasms.

    Forbion contact: Sander van Deventer MD Ph.D.

  • Hookipa Biotech GmbH

    Helmut-Qualtinger-Gasse 2
    1030 Vienna
    CEO: Katherine Cohen, PhD

    Phone  +43 660 4923660

    Hookipa develops a new generation of vaccines that target diseases for which vaccination is not effective to date. It has developed the The Vaxwave™ technology, a platform based on replication-defective viral vectors. The platform has become recognized as one of the most promising new strategies for next generation vaccines due to its unique strength for stimulating both potent B cell and T cell immune responses. Vaxwave™ has been validated in various disease models and has the potential of opening the field to a wide range of applications including persistent viral infections and cancer.

    Forbion contact: Sander van Deventer MD Ph.D.

  • Insmed, Inc.

    9 Deer Park Drive, Suite C
    Monmouth Junction, NJ 08852
    CEO: Will Lewis

    Phone  +1 732 438 9434

    Insmed Incorporated (NASDAQ: INSM) is a biopharmaceutical developing a proprietary advanced liposomal pulmonary technology in areas of high unmet need with site-specific treatment of serious lung diseases in cystic fibrosis (CF) patients, Pseudomonas aeruginosa lung infections and non-tuberculous mycobacteria (NTM). Its lead compound ARIKACE® (liposomal amikacin for inhalation) is currently conducting a phase three registration study (in Europe and Canada) in patients with CF and a phase 2 trial in patients with NTM.

    Forbion contact: G-J Mulder, MD

  • Mitralign, Inc.

    CEO: Rick Geoffrion

    Phone  +1 (978) 863 2400
    Fax  +1 (978) 858 0160

    Designs and develops percutaneous transcatheter devices for the treatment of mitral valve regurgitation (a significant factor in congestive heart failure.)

    Forbion contact: Martien van Osch MSc

  • NovoGI, Inc.

    CEO: Gavriel Meron

    Phone  +1-866-295-7125

    novoGI is committed to advancing patient care by providing an expanding range of comprehensive solutions for gastrointestinal disease management. The LARATM is the company’s lead product, recently showcased at ASCRS 2012. It is a nitinol-based compression anastomosis device that reconnects the colon after resection. Over 10,000 operations have been performed using novoGI’s clinically proven proprietary technology. With more than 50 peer-reviewed publications the product’s ease of use, healing processes, and successful outcomes in regard to leak rates has been clinically substantiated.

    Forbion contact: Avi Molcho MD MBA

  • Oxyrane UK, Ltd.

    Suite 313, Piccadilly House, 49 Piccadilly
    Manchester M1 2AP
    United Kingdom
    CEO: Evert Kueppers

    Phone  +44 161 232 6000

    Oxyrane develops enzyme replacement therapies (ERT) for lysosomal storage diseases (LSDs). By applying its proprietary robust and scalable glyco-engineering yeast platform, Oxyrane produces human lysosomal enzymes containing appropriate sugar structures, which enables superior product uptake and localization resulting in greater efficacy at lower product doses.

    Forbion contact: Sander Slootweg MSc

  • PanGenetics B.V.

    Yalelaan 46
    3584 CM Utrecht
    The Netherlands
    CEO: Mark de Boer

    Phone  +31 30 253 7911

    PanGenetics is a clinical stage company developing  therapeutic antibodies in the field of chronic inflammation. Its lead program is a fully humanized  anti-CD40 antibody.

    Forbion contact: G-J Mulder, MD

  • Pieris AG

    Lise-Meitner-Strasse 30
    85354 Freising-Weihenstephan
    CEO: Stephen S. Yoder, J.D.

    Phone  +49 8161 14 11 400
    Fax  +49 8161 14 11 444

    Pieris AG is an independent, clinical-staged biotechnology company advancing its proprietary Anticalin® technology to create differentiated drugs that are safer and more effective than conventional approaches. Exclusive to Pieris, Anticalins promise to address high-unmet medical needs and expand the potential of targeted therapeutics. Anticalins are recombinantly engineered versions of human lipocalins, low-molecular weight polypeptides that naturally bind, store and transport a wide spectrum of molecules. To make Anticalin-brand proteins, Pieris makes discrete changes to those lipocalin amino acid positions responsible in endogenous ligand binding, thereby redirecting specificity away from the natural ligand and to virtually any target of interest.
    The company has a diverse pipeline of Anticalin Therapeutics and has active, multi-program R&D collaborations with Daiichi Sankyo, the Sanofi Group, Zydus Cadila and Stelis Biopharma.

    Forbion contact: Christina Takke Ph.D.

  • PneumRx

    Mountain View / Munich
    U.S.A / Germany
    CEO: Erin McGurk


    PneumRx, Inc. is a medical device company located in Mountain View, California, and Munich, Germany.  PneumRx was founded in 2004 with the aim of meeting the significant market need for better, minimally invasive treatments for emphysema patients. The PneumRx RePneu LVRC is CE Marked and commercialised in Europe. The LVRC is not available for sale or use in the United States.


    Forbion contact: Martien van Osch MSc

  • Promedior, Inc.

    101 Hartwell Avenue
    Lexington, MA 02421
    CEO: Suzanne Bruhn, PhD

    Phone  +1 781 538 4200

    Promedior, Inc. is a clinical stage biopharmaceutical company developing novel therapeutics for the treatment of fibrotic and inflammatory diseases. Promedior is developing drugs to address the most severe and difficult-to-treat fibrotic and inflammatory conditions of the eye, lung and kidney such as glaucoma, age-related macular degeneration, diabetic retinopathy and dry eye disease, pulmonary fibrosis, scleroderma and acute and chronic nephropathy.

    Forbion contact: G-J Mulder, MD

  • Pulmagen Therapeutics, Ltd.

    United Kingdom

    Phone  +44 (0)1753 251348

    Pulmagen’s clinical and preclinical pipeline of therapies for chronic respiratory diseases such as COPD, asthma and cystic fibrosis delivers both symptomatic relief (bronchodilators) and a disease modifying effect (anti-inflammatory).

    Forbion contact: Sander Slootweg MSc

  • Rigontec

    Life & Brain Center, Sigmund-Freud-Str. 25
    CEO: Dr. Christian Schetter

    Phone  +49 228 763701-10

    Rigontec is a privately held biopharmaceutical company that develops RNA-based immunotherapeutics for the treatment of cancer and viral diseases.

    Forbion contact: Holger Reithinger, Ph.D.

  • RSPR Pharma AB

    CEO: Carl-Johan Dalsgaard

    Phone  +46 709 759 863

    RSPR Pharma AB, founded in 2006, is a Stockholm-based pharmaceutical company exploring new medical approaches to treat pulmonary diseases such as asthma. The Company’s lead program involves development of a new Oral Non-Steroidal Anti-Asthmatic (ONSA) for the treatment of early onset allergic asthma.

    Forbion contact: Marco Boorsma, Ph.D.

  • uniQure

    Meibergdreef 61
    1105 BA Amsterdam
    The Netherlands
    CEO: Jörn Aldag, PhD

    Phone  +31 20 566 7394

    uniQure is a world leader in the research and early development of human gene based therapies. uniQure has obtained market authorization for Glybera (a gene therapy treatment for lipoprotein lipase deficiency) in Europe and has a product pipeline of several gene therapies in development: hemophilia B, acute intermittent porphyria, Parkinson’s disease and Sanfilippo. uniQure is the world leader for manufacturing of AAV-based products on a commercial scale, meeting cGMP requirements, and has extensive experience in the regulatory processes for gene therapies. uniQure is listed on Nasdaq and is traded under the symbol QURE.

    Forbion contact: Sander Slootweg MSc

  • Xention, Ltd.

    United Kingdom
    CEO: Tim Brears, PhD

    Phone  +44 (0)1223 493900
    Fax  +44 (0)1223 493901

    Xention is developing novel therapies for the treatment of atrial fibrillation using its proprietary platform of ion channel drug discovery and development. The Company is developing drug candidates that modulate two novel, but well characterised, ion channels and expects to develop breakthrough products in this area of huge unmet medical need.

    Forbion contact: Sander Slootweg MSc

  • Abiomed

    Abiomed (NASDAQ: ABMD) is a pioneer and global leader in healthcare technology and innovation, focused on developing ground-breaking technologies designed to assist or replace the life-sustaining pumping function of the failing heart. Its main product, the IMPELLA, which is a minimally invasive ventricle assist device, was obtained through the acquisition of Impella Cardiosystems in 2005.

    Sale of listed shares in 2008.

  • Acadia Pharmaceuticals

    ACADIA Pharmaceuticals is a biopharmaceutical company focused on innovative treatments that address unmet medical needs in neurological and related central nervous system disorders.

    Sale of listed shares in 2010.

  • Accelerated Technologies

    A unique partnership model for the creation and acceleration of cardiovascular devices into the market.

  • Acorda Therapeutics

    Acorda is a biotechnology company that develops and markets therapies for multiple sclerosis (MS), spinal cord injury (SCI) and other disorders of the nervous system. Acorda's lead marketed products are Ampyra(dalfampridine) and ZanaflexCapsules (tizanidine hydrochloride) and its pipeline is focused on the treatment, regeneration and repair of the spinal cord and brain.

    Sale of listed shares in 2006.

  • AMT N.V.

    The Netherlands

    Following the acquisition of the assets and certain liabilities of AMT by uniQure BV, AMT's legal entity will be liquidated and delisted. Please refer to uniQure.

  • Alantos Pharmaceuticals

    Developing 'best in class' small molecule drugs for Type II diabetes and Osteoarthritis/inflammation based diseases. Apart from the lead product (DPPIV inhibitor in phase I clinical trials) Alantos had 5 programs in various stages of preclinical development.

    Alantos Pharmaceuticals was acquired by Amgen in 2007 for US$ 300 million.

  • Ardana

    Combined an in-licencing and M&A driven strategy to commercialize research carried out by the Medical Research Council (MRC) Human Reproductive Sciences Unit (HRSU) in Edinburgh, Scotland.  Ardana’s lead compound Teverellix was in phase IIa development for BPH and endometriosis. The company was listed on LSE but was unable to successfully develop its compounds.

    Operations were discontinued in 2008.

  • Bioceros B.V.

    Bioceros is a biotech company offering services on early pre-clinical development of recombinant proteins, with an emphasis on monoclonal antibodies.

    FCP sold its stake in a buyout transaction.

  • Biovex

    BioVex (a subsidiary of Amgen) based in Woburn, MA, USA and Abingdon, UK develops biologics for solid tumours and prophylactic vaccines for infectious diseases.  The Company’s lead program, an oncolytic vaccine, is completing Phase III testing for metastatic melanoma (study fully enrolled). Amgen acquired BioVex in March 2011 for up to $1bn ($425m upfront). 

  • Borean Pharma

    Uses two technology platforms to identify and produce low cost molecular binders based on naturally occurring human proteins. In addition, Borean develops a proprietary technology that enables multimerization of therapeutic proteins. Borean's lead product is a trimeric Apoliprotein A1 undergoing preclinical trials for plaque reduction in atherosclerosis. Borean also has further research programmes in Crohn's disease, HIV and cancer.

    Sale of assets to Roche in 2006.


  • Cell Based Delivery

    CBD developed gene and cell therapy products with focus on delivery of FVIII bloodclotting proteins.

    Discontinuation of operations in 2004.

  • Circulite, Inc.



    CircuLite is developing minimally invasive circulatory support systems. SYNERGY is a miniature ventricular support system that offers the potential of a new minimally invasive treatment option for patients with chronic heart failure who are not responding to standard medical care. SYNERGY received CE Mark approval in Europe in September 2012. On December, 2, 2013, HeartWare has acquired all of the issued and outstanding equity interests of CircuLite for up to USD 350 million.

  • Crucell

    The original investment was made in UbiSys, an antibody discovery company, which merged with Introgen to form Crucell, now a vaccine company.

    At the time of IPO in 2000, Crucell provided a powerful platform for the generation of antibodies together with a proprietary validated next generation human expression system (PER-C-6).  The company was listed in 2000.  Forbion sold its shares in 2004.

  • Cytheris SA


    Cytheris is a biopharmaceutical company developing a human recombinant Interleukin 7 (IL-7) for the treatment of diseases that are caused by lymphopenia (low lymphocytes).

    Discontinued operations in 2013.

  • Flowmedica

    Flowmedica has developed novel, proprietary, minimally invasive intravascular systems for implementing targeted renal therapy. Three infusion systems have been developed and provide an alternative to the standard delivery methods of systemic intravenous infusion to address kidney dysfunction related to a number of diseases.

    The assets of the company were sold to AngioDynamics in 2009.

  • Fovea

    Developing and commercializing drugs for the treatment of ocular diseases, with a special focus on retinal pathologies. Fovea has multiple clinical programs ongoing in retinal degeneration, macular edema, glaucoma, and inflammation. 

    Fovea was acquired by Sanofi-aventis in 2009 for up to EUR 390 million.

  • Galapagos

    Forbion's initial investment was in Cambridge Drug Discovery (CDD), which was sold to Biofocus which in turn was sold to Galapagos. CDD focus was on discovery of novel small molecules against a variety of CNS targets. Galapagos operates service and in-house drug discovery divisions. 

    Sale of listed shares in 2006.

  • Gho Holding

    Company developed a proprietary vanadium salt (BMOV) that showed promising properties in the reduction of reperfusion damage in muscle cells (ACI) and skin tissue (burn wounds).  Prime indication was in ACI.  Pre-clinical development revealed safety issues after which the program was discontinued.

  • Glycart


    GLYCART biotechnology AG was active in the research and development of engineered antibody-based products with higher efficacy for the treatment of unmet clinical needs such as cancer.

    GLYCART biotechnology AG was acquired by Roche in 2005 for CHF 230 million.

  • Impella Cardiosystems


    Impella Cardiosystems developed a small ventricular assist device for temporary support in hospital setting.

    Impella has been acquired by Abiomed in 2004.

  • Jari Pharmaceuticals

    Discovery and development of immunosuppresive drugs from a proprietary library of (proteins from) pathogens.

    Both lead programs encountered safety issues during the pre-clinical development after which the operations were discontinued in 2003.

  • Ness Ltd

    External splint for the functional electrical stimulation of the nerves in partially paralyzed patients. Ness is now part of Bioness and changed its name to Bioness Neuromodulation.

    Shares sold in 2005.

  • NeuTec Pharma Ltd

    Discovery and development of antibodies (fragments) against fungal and bacterial infections derived from patients that cleared a fungal infection. Neutec went public in 2002 and was acquired by Novartis Pharma in 2006.

    Sale of listed shares in 2004.

  • Pathway Medical Technologies

    Developed innovative medical devices for the treatment of arterial diseases with an initial focus on peripheral artery disease (PAD).

    Pathway was acquired by MEDRAD, Inc., a Bayer Healthcare subsidiary, in 2011.

    Forbion contact: Forbion announces acquisition of Pathway Medical Technologies by Bayer Healthcare

  • Rhein Biotech

    Recombinant production of vaccines and other proteins using a novel yeast system (Hansenula polymorpha). The company became public in 2000 after which ABN AMRO Life Sciences (predecessor of Forbion) financed the acquisition of Korea Green Cross Vaccine Corp.  This triggered a substantial growth in the value of the company and therefore the stock price appreciated substantially.  We sold our stake in the public market in 2001.

  • Santaris Pharma A/S


    Forbion Capital Partners supported Santaris Pharma since 2006 leading its Series B financing round and in all subsequent rounds.

    Santaris Pharma was acquired by Roche in August 2014 for up to $450 million.

  • Transave

    Forbion Capital Partners co-led Transave's Series B round in December 2002.
    In 2010, the company merged with Insmed Inc. (NASDAQ INSM).

  • X-Cell Medical

    Integrated drug eluting stent (DES) company developing next-generation solutions for restenosis and other cardiovascular clinical applications. X-Cell’s lead program uses 17-ß-estradiol on DES which enhances endothelial growth to help combat sub-acute thrombosis.

    Share buy back in 2007.

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Forbion Capital Partners - Netherlands

Post address
PO Box 5187
1410 AD  Naarden
Visiting address

Gooimeer  2-35
1411 DC Naarden
The Netherlands

Phone  +31 (0) 35 699 30 00
Fax  +31 (0) 35 699 30 01 

  Route description English
  Route description Dutch


Forbion Capital Partners - Germany

Maximilanstrasse 36
80539 München

phone  +49 89 41 61 61 95 - 0
fax  +49 89 41 61 61 95 - 9

  Route description English