A Special Purpose Acquisition Company
Targeting the Life Science Companies that Enable and Support Innovation
Advantage
Targeting a Big Market with a Unique Platform and Synergistic Teams
Since 2012, Eli Casdin and his investment team’s returns have flowed from their reputation, built over years, as investor-partners, working from the inside to drive and support new developments. Their tireless, on-the-ground research, close relationships with the brightest scientists and management teams and investments focus on the long-term. Their industry connections now include hundreds of critical business builders, specialists, and innovators, which we believe will allow CM Life Sciences to push forward into new opportunities while also capturing value overlooked, or left behind.
Keith Meister has an extensive history of creating value and effecting change at companies, by creating buy-in from management teams, directors, and shareholders. Focused on identifying market dislocations and adept at spotting differentiated points of view, Mr. Meister and the Corvex Management team have built success based on deep industry understanding and a willingness to take the longer term view while capitalizing on market inefficiencies. Prior to founding Corvex Management, Mr. Meister was Chief Executive Officer / Principal Executive Officer of Icahn Enterprises, a NYSE listed diversified holding company, where he grew assets from $1.5 billion to $18 billion while generating greater than 20% annual returns for shareholders. Mr. Meister has served as a director of 14 public companies and helped those companies structure and execute over $80 billion in transactions including spin-offs, asset sales, mergers, acquisitions and various forms of capital market transactions.
CM Life Sciences was founded to take advantage of a dynamic life science sector buoyed by innovation yet fragmented, where many companies are under-resourced and under-scaled. Significant and under-appreciated opportunities for consolidation are ready for engagement by a team versed in the trends and themes, and who can bring together the strongest of the new companies and management teams to capitalize on near- and far-term opportunities. CM Life Sciences is ready, bringing together the unique industry experience, operational expertise, and investment savvy of Eli Casdin and Keith Meister.
Opportunity
Research
Diagnose
Develop
*Revenue estimate for 2020
Investment Opportunities
Our Strategy: Invest In Innovative Companies And Improve Through Active Engagement
Ecosystem
Services and tools supporting drug discovery, development and manufacturing. Identifying operationally focused companies with regulated products and services that have long and lucrative life cycles.
Life Science
Tools
High value tools and services for R&D across academia, government and industry. Tremendous opportunity to combine workflows and solutions to create powerful synergies and growth.
Synthetic
Biology
New markets exploiting technological advances in engineering of biological systems. From human health to industrial markets the syn-bio manufacturing platform is the future few appreciate.
Diagnostics
Molecular diagnostics industry now realized with limited public opportunities for exposure. Imbalance between channel and content capabilities creates synergy opportunities.
Board of Directors
Eli Casdin – CEO
Eli Casdin, our Chief Executive Officer, is founder and Chief Investment Officer of Casdin Capital. Mr. Casdin founded Casdin Capital in 2011. For the last 17 years he has analyzed and invested in disruptive technologies and business models in life sciences and healthcare. Prior to founding Casdin Capital, Mr. Casdin was a vice president at Alliance Bernstein’s “thematic” based investment group where he researched and invested in the implications of new technologies for the life sciences and healthcare sectors. The black book, “The Dawn of Molecular Medicine,” co-authored by Mr. Casdin, details the early, yet already accelerating, wave of innovations in life sciences, and the next wave of investment opportunities. Mr. Casdin’s prior experience includes time at Bear Stearns and Cooper Hill Partners, a healthcare focused investment firm. Mr. Casdin earned a B.S. from Columbia University and an MBA from Columbia Business School. Mr. Casdin serves as a director or observer on the boards of a number of privately held life sciences companies, including Thrive Earlier Detection Corp. He has previously served as a director or observer on other, now public, boards, including Invitae Corporation (NYSE: NVTA), Relay Therapeutics, Inc. (Nasdaq: RLAY), and Magenta Therapeutics (Nasdaq: MGTA). Mr. Casdin is currently a member of the New York Genome Center Board and a member of The Columbia University School of General Studies Board of Visitors.
Keith Meister – Chairman
Keith A. Meister, our Chairman of the Board, is Managing Partner and Chief Investment Officer of Corvex Management, which he founded in December 2010. Prior to founding Corvex Management, Mr. Meister served as Chief Executive Officer and then Principal Executive Officer and Vice Chairman of the Board of Icahn Enterprises L.P. (NYSE: IEP) from August 2003 to August 2010. From their launch in November 2004 to August 2010, Mr. Meister also served as Senior Managing Director of the General Partners of Icahn Partners LP and affiliated funds. Mr. Meister currently serves on the board of directors for MGM Resorts International (NYSE: MGM) and has previously served as a director on numerous other public boards including: Yum! Brands, Inc. (NYSE: YUM), The Williams Companies, Inc. (NYSE: WMB), ADT, Inc. (NYSE: ADT), Ralcorp Holdings, Inc. and Motorola, Inc. (now Motorola Solutions, Inc., NYSE: MSI/Motorola Mobility, Inc.), among others. He is a director for Roar Digital, LLC, chairman of the board of directors for Harlem Children’s Zone and a member of the board of trustees for the American Museum of Natural History. Mr. Meister received an A.B. in government, cum laude, from Harvard College in 1995.
Sean George, PhD – Board Member
Sean George, who will serve as a Director, is Co-Founder and Chief Executive Officer of Invitae Corporation (NYSE: NVTA), where he leads the team on its mission to bring genetic information into mainstream medicine to help improve healthcare for billions of people. He has also served as Invitae’s President and Chief Operating Officer, as part of the team that has propelled Invitae from early stage startup to a leader transforming the industry. Dr. George has long advanced the transformation of the genetics industry to increase access to help improve patient care. Before Invitae, he served as COO at Navigenics, Inc., an early pioneer in personalized genetics. Prior to that he served in a variety of product, operating and commercial roles at Affymetrix, Inc., Invitrogen Corporation and Molecular Probes, Inc. Dr. George holds a B.S. in Molecular Genetics from UCLA, an M.S. in Molecular Biology from UC Santa Barbara, and a Ph.D. in Molecular Genetics from UC Santa Cruz.
Munib Islam – Board Member
Munib Islam, who will serve as a Director, served as Co-Chief Investment Officer and a Partner at Third Point LLC, an investment management firm from mid-2019 through 2020. Mr. Islam was integrally involved in the operations of Third Point, including investing, risk management, marketing, hiring, and talent development. Prior to becoming co-Chief Investment Officer, he served as Head of Equities at Third Point, and in such role, Mr. Islam spearheaded research on Third Point’s strategic block investments globally, including investments in Sony Corporation (NYSE: SNE), Campbell’s Soup Corporation (NYSE: CPB), Nestlé S.A. (OTCMKTS: NSRGY) and DowDuPont Inc. Mr. Islam also served on the board of directors and executive selection and audit committees of Baxter International, Inc. (NYSE: BAX), currently an approximately $45 billion health care company, from 2015 through 2019. From 2008 to 2011, he worked at Highbridge Capital, where he was a Managing Director and Portfolio Manager of Highbridge’s European Value Equities fund. Mr. Islam first joined Third Point in 2004, after working at Oak Hill Capital and at Lazard LLC. He received a B.A. in Economics, magna cum laude, from Dartmouth College and an MBA from the Graduate School of Business at Stanford University. He currently sits on the Boards of the Stanford Business School Trust and the Brearley School in New York City.
Emily Leproust, PhD – Board Member
Emily Leproust, who will serve as a Director, is President and Chief Executive Officer of Twist Bioscience Corp. (Nasdaq: TWST), roles she has held since co-founding Twist in 2013. Since October 2018, she has also served as Chair of the board of directors for Twist. Prior to co-founding Twist, Dr. Leproust served in various positions at Agilent Technologies, Inc. (NYSE: A), most recently as its Director, Applications and Chemistry R&D from February 2009 to April 2013. Dr. Leproust holds a M.Sc. in Industrial Chemistry from the Lyon School of Industrial Chemistry and a Ph.D. in Organic Chemistry from the University of Houston.
Nat Turner – Board Member
Nat Turner, who will serve as a Director, is the Co-Founder and Chief Executive Officer of Flatiron Health, Inc., a healthcare technology company focusing on accelerating oncology research and improving patient care acquired by Roche Holding AG in 2018, a role he has held since June 2012. Previously, Mr. Turner co-founded and served as Chief Executive Officer of Invite Media, Inc., an advertising technology company that built the industry’s first enterprise advertising platform for buying and optimizing online media in real time, from March 2007 until it was acquired by Google Inc. (Nasdaq: GOOGL) in June 2010, after which he remained at Google until June 2012. Mr. Turner has served on the Board of Directors of Clover Health, a privately-held healthcare insurance company aimed at improving patient care through data analytics, since May 2015. An active angel investor, Mr. Turner has invested in over 300 startups throughout the country, including Cedar Cares, Inc., Clover Health Inc., Color Genomics, Inc., Gravie, Inc., Imagen Technologies, Inc., Immuta, Inc., Klara Technologies, Inc., Oscar Insurance Corporation, Plaid, Inc., Ribbon Health, Inc., RigUp, Inc. and Quartet Health, Inc.. Mr. Turner received a B.S., cum laude, in Economics with concentrations in entrepreneurship and marketing from The Wharton School of the University of Pennsylvania. We believe our management team is well positioned to take advantage of the growing set of investment opportunities focused on the healthcare industry, and that our extensive existing relationships with portfolio companies along with our ongoing efforts to identify investment opportunities will allow us to generate an attractive transaction for our stockholders.
Summary
Big Market
- Life Sciences is an enormous addressable market undergoing massive secular growth and ripe for consolidation.
- Broad universe of private companies with intrinsically valuable assets and defensible IP.
Strong Team
- Casdin’s network and deep sector expertise are matched with Meister’s track record of creating value at large, public companies.
- Top tier independent directors enhance industry connectivity and operational experience.
Unique Platform
- CM Life Sciences leverages Casdin proprietary deal flow and reputation as leading investor in the public and private life sciences market.
- With over 69 private company investments, Casdin has built a deep pipeline and a network of respected venture partners, research institutions, scientists and entrepreneurs.
Ideal Structure
- CM Life Sciences provides needed capital and a unique buy-and-build strategy for growing Life Science companies which find it hard to access public capital markets but need to scale.
- Public currency enables business owners to participate in upside as CMLF platform grows and create a next generation life science platform.
News
Sema4 Closes Transaction with CM Life Sciences, Debuts as Publicly Traded AI-driven Genomic & Clinical Data Platform Company
Sema4 Closes Transaction with CM Life Sciences, Debuts as Publicly Traded AI-driven Genomic & Clinical Data Platform Company
CNBC Halftime Report
Eli Casdin & Keith Meister of CM Life Sciences, and Sema4 CEO, Eric Schadt, talked to CNBC about how their plans to go public will help them deliver on transforming clinical & life sciences through better leveraging of data.
CM Life Sciences Merger Announcement
CM Life Sciences announces combination with Sema4, a Disruptive AI-driven Genomic & Clinical Data Platform Company, to Accelerate Growth
CM Life Sciences IPO Pricing Announcement
CM Life Sciences, Inc., Sponsored by Affiliates of Casdin Capital and Corvex Management, Announces Pricing of Upsized $385 Million Initial Public Offering
SEC Filing
Link to all items filed with the Securities and Exchange Commission