APEX Joins Hamilton In Expanding BioTech/High Tech Venture Fund To $145MM.Business Editors SAN DIEGO--(BUSINESS WIRE)--Jan. 24, 2002 Hamilton Technology Ventures LP of San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. announced today that it is tripling its size through additional investments by a number of strategic corporate investors from Hong Kong and Korea introduced by APEX Technology Investment Co. LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . of Seoul. Signing ceremonies were recently held in Hong Kong and Seoul and were attended by a number of Asian investors and four of the General Partners of the newly expanded fund, re-named 'Hamilton Apex Technology Ventures LP.' Reflecting the expanded fund's increased commitment to life science investing, Chairman Robert F. Ellsworth stated, "The welcome addition of our Asian investors at this time complements our existing American and European investors in sourcing and funding innovation in the life sciences. With over 400 biotech companies already in San Diego, new opportunities are abundant and we will be a significant Pacific Rim player in this field." Sang Hun Kwon, President of APEX Technology Investment Co. Ltd. (of Seoul, Korea), said, "The partnership between APEX and Hamilton marks a meaningful milestone in the development of Pacific Rim biotechnology growth and development. By combining world-leading U.S. biotechnology with the immense potential market places of Asia, we will make a significant impact in the globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation of life sciences." With the fund expecting to invest 60 percent of its capital in life sciences, particularly biopharmaceuticals, drug discovery technologies and medical devices, San Diego is an ideal location. Southern California has emerged as one of the world's top biotechnology 'clusters' where large concentrations of biopharmaceutical and medical device companies as well as leading medical centers and scientific institutions are located. Prior to expanding its fund and establishing the relationship with APEX, Hamilton Technology Ventures LP has made nine (9) portfolio investments in San Diego including Egea BioSciences Inc.; Cargo Technology Inc.; Maxima Inc.; Mohomine Inc.; Acculaser Inc.; and Angstrom angstrom (ăng`strəm), abbr. Å, unit of length equal to 10−10 meter (0.0000000001 meter); it is used to measure the wavelengths of visible light and of other forms of electromagnetic radiation, such as ultraviolet Pharmaceuticals Inc. As a part of its expansion, the fund has also added two new General Partners. Dr. Sandra Moon from APEX Venture Partners of Irvine, Calif. will focus on the fund's Information Technology investments. David Coats, formerly of Windamere Venture Partners and Forge Medical Ventures (both of San Diego), will concentrate on the fund's Life Science portfolio. Donald W. Grimm, former president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Hybritech Inc. and a veteran of Eli Lilly & Company, has been named Chairman of the Fund's 'Life Science Advisory Board' and the Fund's first 'Venture Partner.' Also joining the fund as an Associate is Benjamin Myers, a UCLA UCLA University of California at Los Angeles UCLA University Center for Learning Assistance (Illinois State University) UCLA University of Carrollton, TX and Lower Addison, TX Anderson School MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration graduate and formerly an Analyst with Anthem Venture Partners of Santa Monica. Hamilton Apex Technology Ventures LP is an SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government licensed SBIC SBIC Small Business Investment Company SBIC Sustainable Buildings Industry Council SBIC Singapore Bioimaging Consortium (Singapore) SBIC School Bus Information Council SBIC Saudi Basic Industries Corporation SBIC Scsi Bus Interface Controller and will operate from expanded facilities at its existing location at 12526 High Bluff Drive, San Diego. |
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