At Biostax we strive to advance select and efficient small-scale biotechnology, pharmaceutical and MedTech programs through subsidiaries, investment vehicles and partnerships utilizing a biotech portfolio hub-and-spoke business model. Products will be deployed from these programs in targeted U.S. and international markets for initial commercialization.
Biostax is therapeutic and health tech agnostic, constantly seeking assets with low acquisition costs and high growth opportunities having significant clinical and commercial potential. The company targets small-scale early-stage entrepreneurs, inventors and universities and creates efficient hyper-focused entities designed specifically to advance the development of the drugs or technology while providing shared resources and synergies among partners.
Flexible deal-structuring practices enables rapid engagement of time-sensitive opportunities, and provides Biostax with multiple options to build the best corporate structure for the development and commercialization of each product.
Latest News
Biostax Corp. to Participate in U.S. Business Action to End HIV Annual Coalition Meeting and World AIDS Day Reception
The Selection Process
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A well-organized meticulous review process is in place for each opportunity prior to becoming an official asset. Before committing capital, the SRT (Subsidiary Review Team) will review several parameters to vet an early-stage opportunity with underlying science as the critical parameter for development projects and commercial viability for late-stage licensed and approved projects.
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The Scientific review process is handled by the Scientific Review Team comprised of employees, members of the SRT, outside consultants and strategic partners depending on the target asset. Members will review such things as mechanistic rationales and available clinical and pre-clinical data before passing the opportunity on to our operational and commercialization members.
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Operation and commercialization members will review several parameters including subsidiary team composition, commercial viability in the market space, overall competition, and IP position.
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In addition to asset review, assessment, and recommendation, the SRT is highly focused on creating a de-risked capital allocation environment though the following practices: Milestone Review Funding for In-development Assets, Operational and Commercial Milestone Funding for Approved Assets, Optimizing Flexible Subsidiary Ownership and Improving Portfolio Breadth and Diversification
Meet the Biostax Team
Our continued and future success is a product of the tireless work of our executive officer and our scientific, financial, regulatory and legal members and consultants
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Noreen Griffin
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Kelly Wilson
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Glen Farmer, M.B.A.
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