BlackRock and QLS Advisors Partner Through BlackRock Systematic to Invest in Biomedical Innovation

0

NEW YORK–(BUSINESS WIRE)–BlackRock and QLS Advisors LLC, a life sciences technology and advisory company, announced a partnership through BlackRock Systematic to develop data-driven investment solutions to accelerate biomedical innovation. The partnership will leverage the companies’ combined R&D and investment experience, directing funding to public and private companies that have the potential to create transformative therapies while seeking to generate attractive returns on investment for clients.

Biomedicine is at an inflection point: breakthrough therapies with the potential to extend longevity and improve quality of life are emerging at an increasingly rapid pace. Funding these therapeutic development programs has the potential to generate attractive returns on investment, but as biomedicine has become more complex, the risks for investors have also increased.

QLS has developed proprietary technology to estimate the probability of success (POS) of clinical trials, a key driver of financial performance, and systematically integrate these predictions into fundamental valuation models and portfolio construction algorithms. Their approach applies machine learning techniques to a host of predictors, including therapeutic characteristics, clinical trial design characteristics, disease-specific characteristics, and pharmaceutical company track records.

This methodology, combined with BlackRock Systematic’s global platform, proprietary analytics, and over 35 years1 of data-driven investment experience, presents a differentiated approach to investing in life sciences companies.

Rich Kushel, Head of the Portfolio Management Group (PMG) at BlackRock said: “BlackRock’s partnership with QLS applies sophisticated quantitative investment technologies at the intersection of finance, academia and life sciences. QLS brings a cutting-edge approach to life sciences investing that complements the work BlackRock Systematic does in our actively managed portfolios. We expect this to create compelling and differentiated solutions that can deliver attractive returns to our clients while providing funding for life-changing therapies.

Andrew Lo, co-founder of QLS and professor of finance at MIT Sloan School of Management commented: “We founded QLS to improve the way financial resources are allocated to emerging therapies, with the goal of lowering the cost of capital in this important industry. With BlackRock, we gain a partner who is a recognized leader in data-driven investing and shares our passion for delivering returns on investment with positive outcomes for society. We are delighted and honored to partner with a company that has such a strong and trusted global brand, an extensive network and access to world-class investment resources.

BlackRock and QLS have also assembled a Scientific Advisory Board comprised of renowned academics, physicians and inventors. The Council will support sourcing, due diligence and value creation through members’ extensive networks and decades of experience as industry leaders in their respective fields. The Board should include:

  • Dr. Robert Langer, Institute Professor, Department of Chemical Engineering at MIT and founder of more than 40 biotechnology companies, including Moderna.

  • Ms. Lita Nelsen, retired director of the Office of Technology Licensing at MIT; today consultant in technological licenses.

  • Dr. Larry Norton, Senior Vice President, Norna S. Sarofim Chair in Clinical Oncology and Medical Director of the Evelyn H. Lauder Breast Center at Memorial Sloan Kettering Cancer Center, Past President of the American Society of Clinical Oncology, ASCO David Karnofsky Awardee, FASCO, FAARC.

  • Dr. Richard H. Scheller, President of BridgeBio Research and Development. Board of Directors BridgeBio, Alector, 23andMe, DICE and others. Former executive vice president of Genentech Research and Early Development and former HHMI researcher and professor at Stanford University Medical School.

  • Dr. Phillip A. Sharp, Institute Professor, MIT Department of Biology, geneticist and molecular biologist who co-discovered RNA splicing, co-founded Biogen and Alnylam, and recipient of the Nobel Prize in Physiology or Medicine in 1993.

About BlackRock Systematic

BlackRock’s Systematic Investing Platform brings together BlackRock’s systematic investing community across equity, fixed income and factor-based strategies. Systematic portfolios combine advanced technology, scientific research and human insight in the relentless pursuit of investment performance. With over 35 years of experience and nearly 200 professionals worldwide managing over $200 billion in client assets as of March 31, 2022, BlackRock Systematic partners with clients to provide quantitative investment solutions to alpha and factor-based research for the entire portfolio. For more information on BlackRock Systematic, please visit https://www.blackrock.com/institutions/en-us/investment-styles/systematic-investing.

About QLS Advisors LLC

QLS Advisors LLC is a Cambridge, MA-based life sciences technology and advisory company dedicated to advancing biomedical innovation. QLS uses a unique combination of fundamental and quantitative tools to help clients manage risk, assess rewards, and develop investment and funding strategies for healthcare asset portfolios. For more information, please visit https://www.qlsadvisors.com.

Disclosures

This press release is for distribution in the United States only and should not be distributed in other markets or to other persons.

All financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the amount of the initial investment cannot be guaranteed.

This material is provided for informational purposes only and does not constitute an offer to sell or a solicitation to invest in any jurisdiction in which such solicitation is unlawful or to any person to whom it is unlawful. Furthermore, it constitutes neither an offer to enter into an investment contract with the recipient of this document nor an invitation to respond by making an offer to enter into an investment contract.

This document may contain “forward-looking” information that is not purely historical in nature. This information may include, among other things, projections, forecasts, estimates of returns or returns and the proposed or expected composition of the portfolio. In addition, where certain information about the historical performance of other investment vehicles or composite accounts managed by BlackRock, Inc. and/or its subsidiaries (together, “BlackRock”) has been included in this document and such information about performance is shown for illustrative purposes only. No representation is made that the performance shown will be achieved or that each assumption made in making, calculating or presenting the forward-looking information or historical performance information was considered or stated in the preparation of this document. . Any changes in assumptions that may have been made during the preparation of this document could have a significant impact on the investment returns that are presented here by way of example.

This material is not intended to be used as a forecast, research or investment advice, and does not constitute a recommendation, offer or solicitation to buy or sell any securities or to adopt any strategy. of investment. Opinions expressed are as of the date shown on the cover and may change based on subsequent conditions. The information and opinions contained herein are derived from proprietary and non-proprietary sources believed to be reliable by BlackRock, are not necessarily complete, and are not guaranteed as to their accuracy. There is no guarantee that the predictions made will come true. Not all investments named herein are necessarily held in accounts managed by BlackRock. The reliability of the information contained herein is at the sole discretion of the reader. Past performance is not indicative of future results.

This document contains general information only and is not intended to represent general or specific investment advice. The information does not take into account your financial situation. It is important to assess whether the information is suitable for you with regard to your objectives, your financial situation and your needs.

BlackRock® is a trademark of BlackRock, Inc. All other trademarks are the property of their respective owners.

© 2022 BlackRock, Inc. All rights reserved.

1 As of June 30, 2022. Years of investment experience includes predecessor companies.

Share.

About Author

Comments are closed.