When was Velocity Pharmaceutical Development, LLC founded?
Velocity Pharmaceutical Development, LLC was founded in 2011.
Where are Velocity Pharmaceutical Development, LLC headquarters?
Velocity Pharmaceutical Development, LLC headquarters are in 400 Oyster Point Boulevard, Suite #202, South San Francisco, CA 94080, US.
How many employees does Velocity Pharmaceutical Development, LLC have?
Velocity Pharmaceutical Development, LLC has 2 employees.
What sector does Velocity Pharmaceutical Development, LLC operate in?
Velocity Pharmaceutical Development, LLC is in Pharmaceutical Manufacturing sector.
What does Velocity Pharmaceutical Development, LLC Do ?
VPD’s strategy is to create, invest in, and manage a portfolio of “project-focused companies,” each of which contains a single drug candidate acquired from a third party. VPD designs and executes the clinical development program for each of these drug candidates. VPD acquires rights to individual therapeutic drug candidates from biotechnology companies, pharmaceutical companies and academia, and invests in their development through clinical proof-of-concept (generally demonstration of human safety and efficacy in phase 2a trials). Following proof-of-concept, VPD seeks to sell each drug asset to a major pharmaceutical company. There is a robust demand by pharmaceutical acquirers for products with key human clinical data. Our model provides partners with a compelling alternative strategy for the development of their drug candidates. By partnering with VPD, the owner of a drug candidate can achieve the funding needed to take the drug candidate to clinical proof-of-concept while accessing a world-class team to design and oversee the development program. The contributor of the drug candidate receives equity in the company created to house its drug program and benefits from the ultimate financial upside upon clinical success and sale of that company to a pharmaceutical company. The Velocity model is much more efficient than traditional company-based drug development because it avoids the cost and time of building a separate management team and infrastructure around each program.
What does Velocity Pharmaceutical Development, LLC specialize into ?
We are not able to find any specialities related to Velocity Pharmaceutical Development, LLC at the moment.
Who is the CEO of Velocity Pharmaceutical Development, LLC ?
We do not have the information about the CEO of Velocity Pharmaceutical Development, LLC. Our systems are trying to find it, we will update it as soon as we have it.
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