Supporting Innovation and Entrepreneurship for more than 60 years

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Archive: Avid Radiopharmaceuticals

Corporate

Forever Young: Safeguard celebrates its 60th birthday with an enduring spirit of entrepreneurship

In 1953, the average cost of a new home was $9,550. Gas was 20 cents a gallon, and the average annual wage was $4,000. The term “venture capitalist” was as foreign to the public as the “Internet.” That didn’t stop Pete Musser and Frank Diamond from starting Lancaster Corporation on Sept. 11, 1953 to “engage directly or indirectly in the…

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Life Sciences

Anatomy of a Deal: Avid Radiopharmaceuticals

This morning, I presented at the 2012 Annual RBC Biotech Conference, which focused on the “Biotech Success Stories of the [Philadelphia] Region”. I was asked to speak about Safeguard’s success with our life sciences partner company, Avid Radiopharmaceuticals, which was acquired in December 2012 by Eli Lilly. The following presentation, entitled “The Success of Avid Pharmaceuticals from an Investor’s Point…

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A Look Ahead

The Question Every Healthcare IT Startup Must Answer

When I started in the healthcare field more than 25 years ago, the only thing that a healthcare IT startup needed was a good idea — a new technology, maybe, or a new scientific pathway. “If you build it, [they] will come.” But 25 years later, a lot has changed, and startups need more than just a good idea if they want to secure growth capital to expand their…

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Life Sciences

Week in Review: Healthcare Mobile Apps Catch VCs’ Attention

The convergence of technology and healthcare attracted significant new attention last year, according to research from Dow Jones VentureSource. In 2011, VCs poured $439 million into 70 deals for healthcare startups that develop mobile apps and tools for social networking. That’s a 44 percent jump over 2010 numbers. All this activity is helping startups innovate new and better ways for…

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Corporate

VIDEO: Building Value and Well-timed Exits. A Look Back at Recent Successes

The past 12 months have exciting at Safeguard Scientifics. In December of 2010, partner companies Clarient and Avid Radiopharmaceuticals were both acquired by giants in the life sciences industry. Safeguard experienced the largest cash return in our 58-year history with the acquisition of Clarient by GE Healthcare—a 5x increase in the value from the time we repositioned the business until…

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