Read this interesting tid bit from my DD today.
Alex Zisson is a diector on the TZYM board. He is also a partner in the firm Thomas McNerney & Partners who just so happens to be the largest inside holder at 3M shares. Here's what I read:
From the Tranzyme website:
Alex Zisson has served as one of our directors since May 2005. Since 2002, Mr. Zisson has been a Partner at Thomas, McNerney & Partners, a prominent health care venture capital firm that invests in life science and medical technology companies at all stages of development. He is currently a board member of several private life sciences companies, including Clarus Therapeutics, Inc, and Celator Pharmaceuticals, Inc. Before joining Thomas, McNerney & Partners, he spent 11 years in the research department at Hambrecht & Quist (and its successor firms Chase H&Q and JPMorgan H&Q). During his tenure at H&Q, Mr. Zisson led research teams covering the biotechnology, specialty pharmaceuticals, large-cap pharmaceuticals, drug delivery and diagnostics industries. After the merger of Chase H&Q and JPMorgan, Mr. Zisson also became the firm's Health Care Strategist. He graduated magna cum laude from Brown University, where he was elected to Phi Beta Kappa. Mr. Zisson serves on the board of directors of numerous life sciences companies, has extensive knowledge of the health care and biopharmaceutical industries and has been instrumental in our development since joining our board in 2005.
From the Thomas McNerney wesite:
Alex joined Thomas, McNerney & Partners in 2002 and is currently a board member of Celator Pharmaceuticals, Inc., Clarus Therapeutics, Inc., InnoPharma, Inc., and Tranzyme Pharma, Inc. (TZYM). Before joining the firm, he spent 11 years in the research department at Hambrecht & Quist (and its successor firms Chase H&Q and JPMorgan H&Q). During his tenure at H&Q, Alex led research teams covering the biotechnology, specialty pharmaceutical, large-cap pharmaceutical, drug delivery and diagnostic industries. He was the lead analyst on 10 book-running IPOs and 20 book-run secondary offerings, raising over $2 billion for health care companies. In 1997, Alex was named a Managing Director and began assuming management responsibilities for the health care research group and the firm's annual January conference. After the merger of Chase H&Q and JPMorgan, he became the firm's Health Care Strategist. Alex was named twice in The Wall Street Journal's All-Star Analysts Survey, including during his last year at JPMorgan, when he placed in all three categories: stock picking (#1 in pharmaceuticals), earnings estimate accuracy (tied for #2), and 'home run' hitting (#8 across all industries). He graduated magna cum laude from Brown University, where he was elected to Phi Beta Kappa.
I found this to be interesting, hope it's not boring for the board
