{{Use mdy dates|date=July 2022}} {{Short description|New York-based venture capital firm and merchant bank}} {{about|the venture capital firm|other uses|Two Rivers (disambiguation)}} {{Infobox company | name = Two River | logo = | caption = | trading_name = | native_name = | native_name_lang = | romanized = | former type = | type = Limited liability company | traded_as = | industry = Private equity, venture capital | genre = | fate = | predecessor = | successor = | foundation = 2004 | founder = Joshua Kazam<br>David Tanen<br> | defunct = | location_city = New York City | location_country = New York | locations = | area_served = | key_people = Arie Belldegrun <small>(Chairman)<ref>[http://investing.businessweek.com/research/stocks/private/committees.asp?privcapId=33803006 "Two River Group Holdings, LLC: Board Committees"]. ''Businessweek''. Retrieved December 9, 2013.</ref></small> | products = Venture capital, equity investment, investment management | production = | services = | revenue = | operating_income = | net_income = | aum = | assets = | equity = | owner = | num_employees = | parent = | divisions = | subsid = | homepage = [http://www.tworiver.com/ www.tworiver.com] | footnotes = | intl = | bodystyle = }}
'''Two River''' is a New York-based venture capital firm and merchant bank focused on the life science sector. It specializes in investments in life science, biotechnology, and in firms focused on developing preventive and therapeutic technologies for a broad spectrum of disease areas including oncology, cardiovascular disease, neurological disorders, and companion animal health care.<ref>[http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=33803006 "Company Overview of Two River Group Holdings, LLC"], ''Businessweek''. Retrieved on June 26, 2013.</ref>
Two River was founded in September 2004 by partners Joshua Kazam, Peter Kash, David Tanen, and Benjamin Bernstein. Dr. Arie Belldegrun joined the firm in 2008 as its Chairman and Partner.<ref>[https://www.fiercehealthcare.com/healthcare/dr-arie-s-belldegrun-md-facs-joins-two-river-group-holdings-as-chairman-and-partner "Dr. Arie S. Belldegrun, MD, FACS Joins Two River Group Holdings as Chairman and Partner"]. ''FierceHealthcare''. April 29, 2008. Retrieved June 15, 2018.</ref>
The firm has offices in New York City and Los Angeles.
==Portfolio== {{ad|date=October 2018}} Currently, Two River holds equity stakes in the following life science companies:<ref>[http://www.tworiver.com/portfolio/ "Portfolio"], ''Two River''. Retrieved on October 18, 2019.</ref>
*Allogene Therapeutics - a biotechnology company. *Breakthrough Properties - a life science real estate development company *Hubble - a brand of contact lenses sold directly to consumers through an e-commerce, subscription-only model. *Kronos Bio - a research and development of therapies that modulate historically recalcitrant cancer targets. *Neogene Therapeutics - a biomedical company developing T cell therapies that target mutated proteins (neo-antigens) in cancer. *UroGen Pharma - a clinical-stage pharmaceutical company developing therapies with a focus on euro-oncology.
Past holdings:
*Arno Therapeutics - a clinical-stage bio-pharmaceutical company that is developing products for the treatment of cancer. *Capricor Therapeutics - a clinical stage biotechnology company developing biological therapies for cardiac and other serious medical conditions. *Cell Design Labs (acquired by Gilead Sciences) - a private bio-therapeutics company *Edgemont Pharmaceuticals - a privately held pharmaceutical company in the field of neuroscience. *Kite Pharma (acquired by Gilead Sciences) - ac linical-stage biopharmaceutical company focused on developing engineered autologous cell therapy products for the treatment of cancer. *Sienna Biopharmaceuticals - discovery, clinical development and commercialization of products in dermatology and aesthetics *Velcera (acquired by Perrigo) - develops pet medicines in pain management, anti-allergy and parasiticides *Veterinary Prime - pet nutrition products for dogs and cats, sold through veterinarians.
==Business history==
* In May 2013, Kite Pharma completed a $35 million financing of Series A preferred stock.<ref>Elliott, Peter (May 15, 2013). [http://www.istreetwire.com/kite-pharma-completes-35-million-series-a-preferred-stock-financing/14651/ "Kite Pharma Completes $35 Million Series A Preferred Stock Financing"] {{Webarchive|url=https://web.archive.org/web/20140430012808/http://www.istreetwire.com/kite-pharma-completes-35-million-series-a-preferred-stock-financing/14651/ |date=April 30, 2014 }}. ''iStreetWire''. Retrieved June 26, 2013.</ref> * In October 2013, Arno Therapeutics completed a $30.7 million financing of equity.<ref>[https://online.wsj.com/article/PR-CO-20131030-907187.html?dsk=y "Arno Therapeutics Completes $30.7 Million Financing, Recapitalization and 1-for-8 Reverse Stock Split "] ''The Wall Street Journal'' (New York). October 30, 2013. Retrieved October 31, 2013.</ref> * In November 2013, Nile Therapeutics completed a merger with Capricor to form Capricor Therapeutics. Capricor has become a wholly owned subsidiary of the Nile.<ref>[https://www.bloomberg.com/article/2013-11-21/aUP6_ijjMSls.html "Capricor and Nile Therapeutics Complete Merger to Form Capricor Therapeutics, Inc. "]. ''Bloomberg''. November 21, 2013. Retrieved December 9, 2013.</ref> * In February 2014, Velcera was acquired by Perrigo for $160 million.<ref>Ail, Pallavi (February 1, 2014). [https://www.reuters.com/article/us-perrigo-results-idUSBRE9100OD20130201 "Perrigo expands further into pet care with Velcera deal"]. ''Reuters''. Retrieved April 29, 2014.</ref> * In April 2014, Kite Pharma completed a $50 million mezzanine private financing of convertible notes,<ref>[http://www.marketwatch.com/story/kite-pharma-inc-completes-50-million-mezzanine-private-financing-2014-04-28 "Kite Pharma, Inc. Completes $50 Million Mezzanine Private Financing"]. ''MarketWatch''. April 28, 2014. Retrieved April 29, 2014.</ref> and in May, the company filed a registration with the SEC for an IPO of its common stock, with a proposed maximum offering price of $115 million. The company listed on the NASDAQ Global Market under the symbol "KITE."<ref>[http://www.streetinsider.com/IPOs/Kite+Pharma+%28KITE%29+Files+$115M+IPO/9503176.html "Kite Pharma (KITE) Files $115M IPO"]. ''StreetInsider''. May 19, 2014. Retrieved May 19, 2014.</ref> The company planned to raise $78 million by offering 6 million shares at a price range of $12.00 to $14.00. At the midpoint of the proposed range, Kite Pharma would command a market value of $548 million.<ref>Dion, Don (June 18, 2014). [http://seekingalpha.com/article/2274443-ipo-for-kite-pharma-might-fly-high "IPO For Kite Pharma Might Fly High"]. ''Seeking Alpha''. Retrieved June 18, 2014.</ref><ref>[http://www.nasdaq.com/article/12-us-ipos-planned-for-the-week-of-jun-16-cm361835 "12 US IPOs planned for the week of Jun 16"]. ''NASDAQ''. June 16, 2014. Retrieved June 18, 2014.</ref> On June 20, 2014, 7.5 million shares of Kite Pharma, priced at $17 a share began trading on the NASDAQ, indicating a market valuation of $632.4 million for the company.<ref>Calia, Michael (June 20, 2014). [https://online.wsj.com/articles/kite-pharma-soars-above-ipo-price-1403277134 "Kite Pharma Soars Above IPO Price on First Day of Trading"]. ''The Wall Street Journal''. Retrieved June 21, 2014.</ref><ref>[http://www.streetinsider.com/Hot+IPOs/Kite+Pharma+%28KITE%29+IPO+Surges+Higher/9601028.html "Kite Pharma (KITE) IPO Surges Higher"]. ''StreetInsider''. June 20, 2014. Retrieved June 21, 2014.</ref> * In March 2017, it was reported that Two River has participated in a $16.5 million Series A round of funding for Hubble.<ref>Kolodny, Lora (March 7, 2017). [https://techcrunch.com/2017/03/07/hubble-raises-16-5-million-to-sell-disposable-contacts-direct-to-consumers/ "Hubble raises $16.5 million to deliver affordable daily contact lenses"]. ''TechCrunch''. Retrieved March 20, 2017.</ref> * On October 11, 2018, Allogene Therapeutics raised $324 million in an initial public offering on the NASDAQ, listing under the ticker "ALLO".<ref>Nisen, Max (October 11, 2018). [https://www.bloomberg.com/view/articles/2018-10-11/allogene-stock-allo-rally-after-ipo-defies-market-rout "Allogene's Monster Biotech IPO Defies Market Rout"]. ''Bloomberg''. Retrieved October 12, 2018.</ref><ref>Mukherjee, Sy (October 11, 2018). [http://fortune.com/2018/10/11/biotech-allogene-ipo/ "Why Cancer Biotech Allogene Just Scored an Eye Popping $324 Million IPO"] ''Fortune''. Retrieved October 12, 2018.</ref>
==References== {{reflist}}
Category:Financial services companies established in 2004 Category:Private equity firms of the United States Category:Companies based in New York (state) Category:Venture capital firms of the United States Category:Investment companies based in New York City