Torrey Pines Investment, a San Diego, CA-based life-science investment firm, created a $60m fund.
The TealTech Capital fund will finance innovative startups in the areas of point-of-care diagnostics and treatment, novel organizational and financial models of health services delivery, including in-home and virtual care, as well as artificial intelligence and deep learning healthcare support systems.
Torrey Pines Investment and its partners will invest up to $60m over the next 5 years. The first backed startup will be the TealNet Mobile Medical Office, a platform for rapid clinical-level diagnostics enabling medical care to move from a physician’s office to the patient’s home.
Founded in 2002 and led by Nikolay Savchuk, Managing Partner, Torrey Pines Investment invests in early development-stage assets from international pharma and biotech partners in the CNS, oncology, and virology areas to bring them to commercial success through pharma partnering and M&A.