Thursday, 28 November, 2013 - 11:52
Biotech sector haunted by 'valley of death'
FEATURE: The state’s biotechnology sector is heating up as investors look for the next wave of investment opportunities amid waning resources investment.
Liddy McCall
Non-Executive Director / AdAlta
Liddy McCall has over 20 years of experience as a founder, investor, and in management of early-stage startups.
Ms McCall established Tessitura to incubate startup businesses. Tessitura combines scientific and commercial experience to transform research projects into operating biotechnology companies. She also co-founded early-state venture fund Yuuwa Capital LP, iCeutica, Dimerix and Argus Biomedical.
Ms McCall’s prior experience as an associate director of the corporate advisory group at Macquarie Bank has provided the skills to manage the complex aspects of corporate mergers and acquisitions domestically and in an international context. Tessitura has extended her skills further by requiring her to undertake similar tasks within the constraints of a startup environment with limited financial and management resources.
For over a year, two research projects have progressed to spin-out companies that employ six full-time scientific researchers, sub-contract two scientific researchers and support more than six consultants. They have been awarded federal grants and have attracted significant international and interstate investment in addition to local funding.
