Life Science: Great Promise & Rapid Growth

TOP VC-FUNDED COMPANIES (2018)

COMPANY

ROUND

MONEY RAISED LEAD INVESTORS

AllogeneTherapeutics

Series A

$412M

Two River Group, TPG Capital and Pfizer

Grail (Biotechnology)

Series C

$300M

Ally Bridge Group, Hillhouse Capital Group and 6 Dimension Capital

23andMe

Corporate

$300M

GlaxoSmithKline

HeartFlow

Series E

$240M

Wellington Management and Baillie Gifford

Helix

Series B

$200M

DFJ Growth

Alector

Series E

$133M

GV, Amgen Ventures and AbbVie Ventures

Alectra

Series C1

$125M

Undisclosed Lead Investor

Mirum Pharmaceuticals

Series A

$120M

New Enterprise Associates

Synthego

Series C

$110M

Founders Fund

Insitro

Series A2

$100M

Foresite Capital Management, Andreessen Horowitz and ARCH Venture Partners

Vir Biotechnology

Series A

Unknown

$66M

Twist Bioscience

Unknown

Venture Round $50M

Source: PitchBook, Crunchbase

NOTABLE LEASE TRANSACTIONS (2018) TENANT SF LANDLORD

ADDRESS

SUBMARKET LEASE TYPE

AbbVie

550,000

Biomed Realty Trust

Gateway Of Pacific Phase 1 The Cove At Oyster Point 5 The Cove At Oyster Point 6

North SMC

Pre-Leased New Cons.

Global Blood Therapeutics Denali Therapeutics

165,000

HCP Life Science Estates

North SMC

Pre-Leased New Cons.

148,000

HCP Life Science Estates

North SMC

Pre-Leased New Cons.

Myokardia

135,000

HCP Life Science Estates

HCP Sierra Point Phase 1 North SMC

Pre-Leased New Cons.

Verily

120,000

Alexandria Real Estate

279 E. Grand Ave.

North SMC

Pre-Leased New Cons.

KEY OFFICE-TO-LIFE-SCIENCE CONVERSIONS ADDRESS SUBMARKET SF TYPE

OWNER

KEY TENANTS

Bayshore Technology Park 825-835 Industrial Rd.

Redwood Shores

997,000 Existing Remodel

PGIM

Proteus Digital Health, Procept, Allakos

San Carlos

556,000

Changed Entitlements Changed Entitlements

Alexandria Real Estate

New Construction

3000-3500 Marina

Brisbane

550,000

Phase 3 Real Estate Partners (Escrow)

New Construction

1 Tower Pl..

South San Francisco

325,000

Existing Remodel

Phase 3 Real Estate Partners

Achaogen & Others

6000 Shoreline Ct.

South San Francisco

142,000 Existing Remodel

HCP Life Science

Veracyte

1000 Marina Blvd.

Brisbane

101,000

Existing Remodel

Phase 3 Real Estate

Currently Converting

7000 Marina Blvd.

Brisbane

88,000

Existing Remodel

Westport Capital

Sangamo

4000 Shoreline Ct.

South San Francisco

68,000

Existing Remodel

Phase 3 Real Estate

E-Scape Bio, Tizona

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Contributor: Cole Speers, cole.speers@cushwake.com