PR Newswire
21 Jul 2022, 18:30 GMT+10
NEW YORK, July 21, 2022 /PRNewswire/ -- Ally Bridge Group (the "Firm") is pleased to announce Simos Simeonidis, PhD joined the Firm as Co-Chief Executive Officer and Co-Chief Investment Officer based in New York. Dr. Simeonidis is also assuming the role of Portfolio Manager for Ally Bridge Group's public equity strategy.
Ally Bridge Group is a global healthcare investment manager focused on high-impact life science innovation addressing unmet medical needs. The Firm manages both private equity vehicles and a long-biased public equity strategy with specialization across the medical technology, tools and diagnostics, biopharmaceuticals and digital health subsectors. Ally Bridge Group was founded in 2013 by Frank Yu and has offices in New York and Hong Kong.
In a recent letter sent to investors, Mr. Yu explained Dr. Simeonidis will partner with him in leading firmwide strategic initiatives and achieving investment objectives. Mr. Yu will remain at the Firm as Founder, Co-Chief Executive Officer and Co-Chief Investment Officer. For the foreseeable future, while Mr. Yu continues leading the Firm's private investment business overall, Dr. Simeonidis is focusing primarily on the public equity strategy and overseeing the Firm's biotechnology portfolio.
As explained by Mr. Yu, "It has been my deliberate long-term plan that Ally Bridge Group, an investment manager dedicated to pursuing investments in cutting-edge life science and healthcare innovators, must be led, sooner or later, by a strong biomedical scientist with extensive investment experience."
"Dr. Simeonidis has a fantastic combination of an impeccable scientific pedigree and more than fifteen years of combined equity research and investment management experience, constituting a differentiated edge as a thought leader and investor. He is a well-respected team leader and mentor to many in the Wall Street life sciences research and investment community," said Mr. Yu.
"I am thrilled to join Ally Bridge Group to leverage its already established brand and partner with its Founder, Frank Yu, to take the Firm to new heights," commented Dr. Simeonidis. "With its strong science-driven culture, global experience and diversified investment mandates across all life science sub-sectors, and my focus on improving synergies between the public and private sides of the business, we believe that Ally Bridge Group is well-positioned to capitalize on the current sharp downturn in the life sciences investment space."
Prior to joining Ally Bridge Group, Dr. Simeonidis was Partner, Senior Managing Director, Co-Head of Research and Portfolio Manager at Sarissa Capital Management ("Sarissa"), an investment manager focused on shareholder activism within the healthcare sector. Before Sarissa, Dr. Simeonidis was Managing Director and Senior Biotechnology Analyst at Royal Bank of Canada in New York and spent over a decade covering the biopharmaceutical sector at a number of investment banks, including Cowen and Company as well as Morgan Stanley. Dr. Simeonidis began his industry career as Associate Director in Business Development & Licensing at Novartis.
Before his move to industry, Dr. Simeonidis was a faculty member at Harvard Medical School and the Beth Israel Deaconess Medical Center, where his work focused on the transcriptional regulation of gene expression.
Dr. Simeonidis holds a BS in Biology from Loyola University of Chicago and an MA, MPhil and PhD in Cellular, Molecular and Biophysical Studies from Columbia University's Vagelos College of Physicians and Surgeons. He completed his postdoctoral fellowship in the laboratory of Professor Tucker Collins at Harvard Medical School and the Brigham and Women's Hospital. Dr. Simeonidis also holds an MBA in Healthcare Management from the Wharton School of the University of Pennsylvania.
Media Contact
All Bridge Group
[email protected]
430 Park Avenue, 30th Floor
New York, New York 10022
The information included in this press release is for informational purposes only and should not be construed as a solicitation or offer, or recommendation to acquire or dispose of any investment or to engage in any other transaction. If you would like investment, accounting, tax or legal advice, you should consult with your own financial advisors, accountants or attorneys regarding your individual circumstances and needs.
SOURCE Ally Bridge Group
Get a daily dose of Asia Pacific Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Pacific Star.
More InformationDHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
Chinese FM calls for joint efforts in finding right way for China, U.S. to get along China and the United States should work together...
New Delhi [India], July 12 (ANI): In a remarkable decision taken at the 47th Session of the World Heritage Committee, India's official...
How the Wests recklessness is testing Moscows nuclear patience A multipolar world is, by its nature, a nuclear one. Its conflicts...
The Hague [Netherlands], July 11 (ANI): Italy made history after securing qualification for the 2026 Men's T20 World Cup in India and...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...