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Adage Capital Management

North America, Massachusetts, United States, Boston

Description

Adage Capital Management focuses on managing S&P 500 assets predominantly for endowments and foundations.

Investor Profile

Adage Capital Management has backed more than 129 startups, with 8 new investments in the last 12 months alone. The firm has led 10 rounds, about 8% of its total and boasts 87 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Post Ipo Equity, Series B, Series C rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, Canada.
  • Strong thematic focus on Biotechnology, Health Care, Therapeutics.

Stage Focus

  • Post Ipo Equity (40%)
  • Series B (19%)
  • Series C (14%)
  • Series Unknown (8%)
  • Series D (8%)
  • Private Equity (3%)
  • Series F (3%)
  • Series A (2%)
  • Series E (2%)
  • Series H (2%)

Country Focus

  • United States (88%)
  • United Kingdom (3%)
  • Canada (3%)
  • Australia (2%)
  • France (2%)
  • Switzerland (1%)
  • China (1%)
  • Israel (1%)

Industry Focus

  • Biotechnology
  • Health Care
  • Therapeutics
  • Medical
  • Pharmaceutical
  • Biopharma
  • Life Science
  • Health Diagnostics
  • Genetics
  • Oncology
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Adage Capital Management frequently co-invest with?

OrbiMed
North America, New York, United States, New York
Co-Investments: 16
Surveyor Capital
North America, Illinois, United States, Chicago
Co-Investments: 16
T. Rowe Price
North America, Maryland, United States, Baltimore
Co-Investments: 14
RA Capital Management
North America, Massachusetts, United States, Boston
Co-Investments: 33
Rock Springs Capital
North America, Maryland, United States, Baltimore
Co-Investments: 18
Perceptive Advisors
North America, New York, United States, New York
Co-Investments: 15
Vivo Capital
North America, California, United States, Palo Alto
Co-Investments: 13
Logos Capital
North America, California, United States, San Francisco
Co-Investments: 13
Janus Henderson Investors
Europe, England, United Kingdom, London
Co-Investments: 24
Boxer Capital
North America, Florida, United States, Windermere
Co-Investments: 16

Which angels does Adage Capital Management often collaborate with?

JR
North America, California, United States, San Francisco
Shared Deals: 1
AS
North America, United States
Shared Deals: 1
JP
North America, Virginia, United States, Great Falls
Shared Deals: 2

What are some of recent deals done by Adage Capital Management?

Tango Therapeutics

Cambridge, Massachusetts, United States

Tango Therapeutics is a biotechnology company that is developing next generation cancer therapies.

BiotechnologyHealth CareMedicalTherapeutics
Post Ipo EquityOct 23, 2025
Amount Raised: $197,000,000
Kailera Therapeutics

Waltham, Massachusetts, United States

Kailera Therapeutics develops next-generation injectable and oral therapies for chronic weight management.

BiotechnologyPharmaceuticalTherapeutics
Series BOct 14, 2025
Amount Raised: $600,000,000
Palisade Bio

Carlsbad, California, United States

Palisade Bio is a clinical-stage biopharmaceutical company that develops therapies for acute and chronic gastrointestinal complications.

BiopharmaBiotechnologyHealth CareTherapeutics
Post Ipo EquityOct 1, 2025
Amount Raised: $138,000,000
CAMP4 Therapeutics

Cambridge, Massachusetts, United States

CAMP4 Therapeutics is a biotechnology company that uses RNA to restore healthy gene expression.

BiopharmaBiotechnologyTherapeutics
Post Ipo EquitySep 10, 2025
Amount Raised: $50,000,000
PsiQuantum

Palo Alto, California, United States

PsiQuantum focuses on developing a scalable quantum computer using photonic qubits.

ComputerHardwareQuantum ComputingSemiconductorSoftware
Series ESep 10, 2025
Amount Raised: $1,000,000,000
Equillium

La Jolla, California, United States

Equillium is a biotechnology company that develops products for autoimmune and inflammatory disorders with an unmet medical need.

BiopharmaBiotechnologyLife Science
Post Ipo EquityAug 11, 2025
Amount Raised: $30,000,000
Shattuck Labs

Austin, Texas, United States

Shattuck Labs is a biotechnology company that provides novel class biologic medicines for the treatment of cancer and autoimmune disease.

BiopharmaBiotechnologyLife Science
Post Ipo EquityAug 5, 2025
Amount Raised: $103,000,000
I-Mab Biopharma

Shanghai, Shanghai, China

I-Mab is a dynamic and fast-growing global biotech company exclusively focused on developing innovative biologics.

BiotechnologyPharmaceuticalProduct Research
Post Ipo EquityAug 1, 2025
Amount Raised: $65,000,000
MedinCell

Jacou, Languedoc-Roussillon, France

MedinCell is an injectable slow-release drug specialist company.

Pharmaceutical
Post Ipo EquityFeb 19, 2025
Amount Raised: $44,831,521
Solid Biosciences

Marlborough, Massachusetts, United States

Solid Biosciences is a life science company that conducts research for the treatment of Duchenne muscular dystrophy.

BiotechnologyGeneticsHealth CareMedical
Post Ipo EquityFeb 18, 2025
Amount Raised: $200,000,000