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Asset/Investment Management
sectoral.com

Investments

46

Portfolio Exits

19

Funds

6

About Sectoral Asset Management

Sectoral Asset Management is an SEC-registered investment advisor based in Montreal whose focus is managing global equity portfolios by industry. Sectoral has also launched an alternative investment fund that offers an attractive exposure to the growing healthcare/biotech sector through both long and short positions.

Headquarters Location

1000 Sherbrooke Street Suite 2120

H3A 3G4,

Canada

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Expert Collections containing Sectoral Asset Management

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Find Sectoral Asset Management in 1 Expert Collection, including Synthetic Biology.

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Synthetic Biology

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Latest Sectoral Asset Management News

CurvaFix: Medical Device Company Raises $39 Million

Aug 3, 2023

CurvaFix – a developer of medical devices to repair fractures in curved bones – recently announced the close of a $39 million equity financing led by MVM Partners with participation from Sectoral Asset Management and other existing investors. And the company also announced that Mark Foster has been named CEO, succeeding founder and current CEO Steve Dimmer, who will transition into a strategic advisory role. The $39 million financing proceeds will be used to expand the treatment of Fragility Fractures of the Pelvis (FFP) throughout the U.S. and fundamentally change the course of care for these patients through the nationwide launch of the CurvaFix IM Implant. Foster is an experienced C-Suite executive with a broad background in the healthcare, medical device, and pharmaceutical industries. And before joining CurvaFix, Foster was president and CEO of Trice Medical, a leader in the field of minimally invasive orthopedic procedures. Formerly he was V.P. of U.S. Sports Medicine Business for Smith and Nephew and also held leadership roles at Boston Scientific. KEY QUOTE: “CurvaFix’s ability to benefit patients, physicians, and health systems, while simultaneously addressing the undertreated FFP segment makes CurvaFix a rare asset in the crowded world of orthopedics. We are thrilled to be involved and look forward to supporting the company’s next phase of growth.” — Eric Fritz, MVM Partner “I have had the opportunity to observe the successful implementation and adoption of CurvaFix IM Implants in the orthopedic pelvic fracture fixation market, for which Steve has played a pivotal role in taking the company to this point. I am looking forward to leading the CurvaFix team in scaling CurvaFix’s technology to benefit many more patients, physicians, and payers.” — Mark Foster “It has been a privilege to lead CurvaFix from concept through commercialization to where it is today, and I am honored to pass off the reins to Mark for this next exciting phase of CurvaFix’s growth.” — Steve Dimmer

Sectoral Asset Management Investments

46 Investments

Sectoral Asset Management has made 46 investments. Their latest investment was in CurvaFix as part of their Series C on July 7, 2023.

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Sectoral Asset Management Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/13/2023

Series C

CurvaFix

$39M

No

MVM Partners, Sectoral Asset Management, and Undisclosed Investors

6

5/16/2023

Series C

Boundless Bio

$100M

Yes

8

3/7/2023

Series B

LENZ Therapeutics

$83.5M

Yes

5

1/25/2023

Series B

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$99M

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10

1/6/2023

Series C

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$99M

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10

Date

7/13/2023

5/16/2023

3/7/2023

1/25/2023

1/6/2023

Round

Series C

Series C

Series B

Series B

Series C

Company

CurvaFix

Boundless Bio

LENZ Therapeutics

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Amount

$39M

$100M

$83.5M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

MVM Partners, Sectoral Asset Management, and Undisclosed Investors

Sources

6

8

5

10

10

Sectoral Asset Management Portfolio Exits

19 Portfolio Exits

Sectoral Asset Management has 19 portfolio exits. Their latest portfolio exit was Turnstone Biologics on July 21, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/21/2023

IPO

$99M

Public

2

2/10/2023

IPO

$99M

Public

5

5/27/2021

Acq - Pending

$99M

2

2/24/2021

Acquired

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$99M

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10

10/30/2020

IPO

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$99M

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10

Date

7/21/2023

2/10/2023

5/27/2021

2/24/2021

10/30/2020

Exit

IPO

IPO

Acq - Pending

Acquired

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Public

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Sources

2

5

2

10

10

Sectoral Asset Management Fund History

6 Fund Histories

Sectoral Asset Management has 6 funds, including New Emerging Medical Opportunities Fund IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/26/2020

New Emerging Medical Opportunities Fund IV

$96M

1

7/31/2015

New Emerging Medical Opportunities Fund III

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10

10/31/2013

New Emerging Medical Opportunities Fund II

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10

12/31/2007

New Emerging Medical Opportunities Fund I

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10

New Emerging Medical Opportunities Funds II

$99M

10

Closing Date

5/26/2020

7/31/2015

10/31/2013

12/31/2007

Fund

New Emerging Medical Opportunities Fund IV

New Emerging Medical Opportunities Fund III

New Emerging Medical Opportunities Fund II

New Emerging Medical Opportunities Fund I

New Emerging Medical Opportunities Funds II

Fund Type

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Status

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Amount

$96M

$99M

Sources

1

10

10

10

10

Sectoral Asset Management Team

6 Team Members

Sectoral Asset Management has 6 team members, including , .

Name

Work History

Title

Status

Michael Sjöström

Founder

Current

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Name

Michael Sjöström

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Work History

Title

Founder

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Status

Current

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