ARTICLE | Management Tracks
Foresite promotes Hyung Chun, Cindy Xiong to partner
Plus: Peter Flynn at the helm at Arialys, and updates from Augustine, CND, Parallel Bio and Zevra
June 27, 2024 1:08 AM UTC
Foresite Capital promoted Hyung Chun and Cindy Xiong to partners. In this role, Chun and Xiong will find new investment opportunities in therapeutics while continuing to oversee existing investments. The firm is leaning in to AI and data science as it invests its new $900 million sixth fund, continuing a trend that has deepened this decade and has led up to one of the firm’s largest deals yet.
Avalon-incubated start-up Arialys Therapeutics Inc., which is developing therapies for autoimmune-driven psychiatric conditions, named Peter Flynn president and CEO. He succeeds Jay Lichter, managing partner of Avalon, who will become chairman. Flynn co-founded Artiva Biotherapeutics Inc., where he was COO. ...