News
Recent News
08/26/2025
Activation Capital Names Michael Steele as President and CEO
The Virginia Biotechnology Research Partnership Authority (doing business as Activation Capital) announced today that it has appointed Michael Steele as president and chief executive officer. Steele succeeds Robert Ward, who has served as interim CEO since July 2024 during a period of rapid growth for the life sciences ecosystem development organization. Steele comes to Activation …
08/25/2025
Danforth Advisors Acquires PharmaDirections
Danforth Advisors LLC, today announced the acquisition of PharmaDirections, Inc., a full-spectrum development partner to life science companies, expanding its integrated capabilities from discovery through commercialization. Founded in 2003, PharmaDirections was a pioneer of the virtual drug development model. The company brings veteran program leaders and more than 150 specialists to support strategic planning and …
08/22/2025
ivWatch Technology Linked to Major Reduction in Severe IV Injuries in Newborns Over Four-Year Study
A study published this month in The BMJ (British Medical Journal) analyzed the use of optical sensor technology from ivWatch, the U.S.-based IV safety company, in the early detection of peripheral intravenous infiltration or extravasation (PIVIE) events in neonates. Presenting a comparative evaluation between conventional observational methods and continuous sensor-based monitoring, the study offers insights …
“Robert is a proven industry leader with extensive and highly relevant experience in Ophthalmology and DED,” said Anil Asrani, President and CEO of TearSolutions. “I am genuinely excited and honored to have Robert join our board, as we work together to bring next generation therapeutics to patients suffering from the maladies associated with ocular surface disease.”
“I’m thrilled to work closely with the TearSoultions team to help advance their programs and take the Company to the next level,” said Robert Dempsey. “With their lead product’s highly differentiated and well-characterized mechanism of action, human clinical data illustrating speed of relief, safety, and a best-in-class tolerability profile, as well as the potential to work in a majority of patients, I believe we have a novel disease-modifying solution that can bring much needed relief to patients as well as their treating physicians.”
Robert brings more than two decades of domestic and global leadership experience in the Ophthalmology space driving successful drug development in public and private sectors through efficient organizational structure and capital investments. His widespread experience in Ophthalmology stems from diverse leadership roles across commercial, business development, medical affairs, and venture-backed startups. Currently, Robert serves as the Chief Executive Officer at AsclepiX Therapeutics focused on advancing an integrin regulating peptide for posterior segment diseases and recently led a successful Series A-3 financing. He joined Asclepix in 2021, after serving as the Chief Executive Officer for TearClear where he accelerated the business and commercial strategies including a successful Series B financing and positive FDA engagements. Prior to that, he served as the Global Head of Ophthalmology at Shire, then Takeda, responsible for one of the top ten largest biopharma M&A deals in 2019, the divestiture of Xiidra® (lifitegrast ophthalmic solution) 5%, to Novartis in June 2019 for up to $5.3B.