Timo Veromaa
Professor of Practice
University of Turku
InFLAMES Flagship
I’m a driven MD PhD biopharma executive with over 25 years of industry experience, both in large and small cap companies in US and Europe. I’m proud to be appointed Professor of Practice in Drug Development (part time & for 4 years) in my alma mater, University of Turku, Finland.
Developing new medicines is my passion. I hope to be able to help local scientists build and develop business skills, and foster industry-academia partnerships for innovation. Today, I’m especially excited about the significant opportunity for ground-breaking medical innovation in combining health registry, biobank and genome data. Finnish Biobanks FINBB is a company to become the one-stop access point to nationwide biobank data and electronic health records and I currently serve as its first Chairman.
I am also Chairman of the Board of Herantis Pharma Plc, a public, innovative clinical stage drug development company working on gene therapy and biologics. I am Chairman Emeritus of Finnish Bioindustries, an industry association I served for 9 years. For 2 years as Executive Chairman of Domainex, Ltd., a fast-growing private drug discovery service company in Cambridge, UK, I formed links with the City and prepared the company for the next growth stage.
As President and CEO of Biotie Therapies Corp., aided by a magnificent team I transformed this initially Nasdaq Helsinki (BTH1V) listed therapeutics group with strategic M&A transactions into a NASDAQ US (BITI) listed company with one marketed product (Selincro®, nalmefene for alcohol dependence approved in the EU) and a late stage clinical pipeline in neurodegenerative diseases – and US headquarters in South San Francisco, Calif. In 2016 I negotiated an exit for Biotie shareholders via an all cash tender offer from Acorda with the company valued at $363 million.
I have raised over €200 million in equity and R&D funding and forged and managed global alliances with Roche, Pfizer, Lundbeck, UCB Pharma, and others.
Developing new medicines is my passion. I hope to be able to help local scientists build and develop business skills, and foster industry-academia partnerships for innovation. Today, I’m especially excited about the significant opportunity for ground-breaking medical innovation in combining health registry, biobank and genome data. Finnish Biobanks FINBB is a company to become the one-stop access point to nationwide biobank data and electronic health records and I currently serve as its first Chairman.
I am also Chairman of the Board of Herantis Pharma Plc, a public, innovative clinical stage drug development company working on gene therapy and biologics. I am Chairman Emeritus of Finnish Bioindustries, an industry association I served for 9 years. For 2 years as Executive Chairman of Domainex, Ltd., a fast-growing private drug discovery service company in Cambridge, UK, I formed links with the City and prepared the company for the next growth stage.
As President and CEO of Biotie Therapies Corp., aided by a magnificent team I transformed this initially Nasdaq Helsinki (BTH1V) listed therapeutics group with strategic M&A transactions into a NASDAQ US (BITI) listed company with one marketed product (Selincro®, nalmefene for alcohol dependence approved in the EU) and a late stage clinical pipeline in neurodegenerative diseases – and US headquarters in South San Francisco, Calif. In 2016 I negotiated an exit for Biotie shareholders via an all cash tender offer from Acorda with the company valued at $363 million.
I have raised over €200 million in equity and R&D funding and forged and managed global alliances with Roche, Pfizer, Lundbeck, UCB Pharma, and others.
