Leading healthcare investment firm, Sofinnova Investments, based in Menlo Park, CA, has announced the appointment of Troy Ignelzi as an Executive Advisor to their investment team.
Strategic Guidance for Portfolio Companies
In his new role, Ignelzi will play a crucial role in advising Sofinnova’s portfolio companies on corporate and financial strategy, leveraging his extensive experience in the biotech and pharmaceutical sectors.
Decades of Financial Leadership in Biotech and Pharmaceuticals
With over two decades of financial leadership experience, Troy Ignelzi currently serves as the Chief Financial Officer at Rapport Therapeutics, a clinical-stage biotech company specializing in precision neuromedicines.
Throughout his career, Ignelzi has successfully raised over $4 billion in capital for various life science companies.
Proven Track Record in Financial Leadership
Before joining Rapport Therapeutics, Ignelzi held the position of Chief Financial Officer at Karuna Therapeutics, overseeing the company’s private crossover round, IPO, and multiple follow-on financings.
His career also includes CFO roles at Juventas Therapeutics and scPharmaceuticals.
Rich Background in Biotech Industry
Ignelzi began his career at Eli Lilly and progressed through roles of increasing responsibility at companies such as Esperion Therapeutics and the former Insys Therapeutics.
Notably, he contributed to the successful sale of CinCor Pharma, Inc., to AstraZeneca in early 2023 and currently serves on the boards of Vedanta Biosciences and Abivax (Nasdaq: ABVX).
Sofinnova Investments: Committed to Impactful Healthcare Innovation
Sofinnova Investments, founded in 1976, is dedicated to funding innovative healthcare products with a significant impact on patients’ lives.
The firm invests in both private and public equity companies, actively partnering with entrepreneurs across all stages of company formation.
With approximately $3.7 billion in assets under management and committed capital as of 12/31/2023, Sofinnova has a substantial legacy in building healthcare companies in the U.S. and Europe.
About VCWire
This news was reported by VCWire on 12/03/2024. Sofinnova Investments continues its commitment to advancing healthcare investment strategies with the addition of Troy Ignelzi to its accomplished team.
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