Last week, Pender & Howe Executive Search partners Celine Chabee and Glenn Lesko attended the 2024 Bloom Burton & Co. Healthcare Investor Conference, a record-breaking event that brought together Canada's leading publicly traded and private healthcare companies. Hosted by Brian Bloom, Jolyon Burton, and the Bloom Burton & Co. team, this conference attracted Canadian, U.S., and international investors interested in the latest developments in Canadian healthcare.
As a stage-agnostic firm specializing in the BioTech, MedTech, and Digital Health industries, Pender & Howe recognizes the transformative impact of strategic human capital on healthcare innovation. We are therefore delighted to acknowledge the exemplary leadership demonstrated by Roberto Bellini, former President and Chief Executive Officer, Bellus Health, Tom Frohlich, former Chief Operating Officer, Chinook Therapeutics, a Novartis Company, and François Ravenelle, former President, and Chief Executive Officer, Inversago Pharma who were honored as 2024 Bloom Burton Award finalists.
Moreover, it was inspiring to see Samira Sakhia, CEO of Knight Therapeutics, showcase the company's impressive growth and celebrate its 10th anniversary! We look forward to Samira sharing Knight Therapeutics' journey at Kestria’s upcoming Global Conference in Montreal.
Further, we would like to highlight a few insights from the Investing in R&D-Stage Healthcare Companies Panel:
1. panelists emphasized the importance of team quality over market type (private or public) as a critical determinant for successful investment;
2. they noted distinct challenges faced by CEOs, particularly contrasting the Canadian market with the American market;
3. additionally, public markets were highlighted as offering more attractive investment opportunities due to the ongoing valuation challenges in private sectors;
4. there was also optimism about the impact of AI on drug discovery, clinical trials, and patient selection, though challenges with validation and the need for better data quality were acknowledged, and
5. finally, there was a strong emphasis on founding a company based on a clear vision rather than being swayed by market conditions.
Lastly, a huge shout-out to TIAP - Toronto Innovation Acceleration Partners, Borden Ladner Gervais LLP (BLG), BIOTECanada, Mintz, and RBCx for hosting lovely events that allowed us to engage in significant discussions and forge meaningful partnerships with our industry peers.
We are eagerly anticipating #BBHIC2025!
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