Jim Tananbaum is the chief executive of Foresite Capital, a company he started after some decades in the healthcare sector. This company is a major partner of ‘companies with disruptive’ products in healthcare. Foresite Capital has proved a great help to Mindstrong Health and its plans to grow its product.
Mindstrong Health announced that it had successfully secured funding to the tune of $14 million. This company is a startup that uses smart phones to assist in treating neuropsychiatric disorders. The funding came from investors such as ‘ARCH Venture Partners’, ‘One Mind Brain Health Impact Fund’ and Foresite Capital.
Mindstrong measures brain parterns of clients through using their phones to gauge the scrolling and other typing activity of the patients on their phones. This new platform will give feedback about clients mood, understanding and thereby indicate their memory, function and processing speed.
Paul Dagum, the CEO of Mindstrong Health said that objective measurement was the basis of medicine, yet mental health has been subjected to subjective reports compiled in clinical environments. To be able to treat people with mental issues professionally and competently, Paul says objective testing has to be in place. Through the new platform, he believes objectivity of the tests will be guaranteed like never before.
Jim Tananbaum lauded the company saying that its team brought unparalleled understanding of key challenges that are faced by people suffering ‘cognitive health disorders’.
Jim Tananbaum’s MBA is from ‘Harvard Business School’, where he graduated in 1991. His ‘masters of science’ degree was earned from ‘Massachusetts Institute of Technology’ in 1989. His doctor of medicine from ‘Harvard Medical School’ was also earned at the same time with the M.Sc from MIT. Jim Tananbaum graduated from the prestigious Yale University. From Yale he graduated successfully with a computer science degree.
Jim worked nine years for ‘Prospect Venture Partners as a managing director. Prior to this he worked for Theravance as its CEO for three years. He was also the company’s co-founder. Jim was a partner at Sierra Ventures for 4 years. Before Sierra Ventures, he was the GelTex CEO and also its founder.