Bay City, Michigan 48706
Front Page Photo of the Day Log-IN About us August 6, 2015
(Prior Story)   Business ArTicle 10065   (Next Story)
Sponsored by Bay Area Chamber of Commerce

Fred Craves, founder of Bay City Capital, is one of the nation's top investors.

BAY CITY CAPITAL: Ex-Localite Fred Craves Heads $1.6 Billion Venture Firm

August 6, 2015       Leave a Comment
By: Dave Rogers

Printer Friendly Story View

Dr. Fred Craves has adopted the name of his hometown for his venture capital company that has raised $1.6 billion.

Of course Bay City Capital also relates to the headquarters of the firm, San Francisco, also known as the "bay city."

Craves, 69, a pharmaceutical entrepreneur, has been recognized as one of the nation's leading investors.

A graduate of Bay City St. James High School, he earned a BS in Biology from Georgetown University, an MS in Biochemical Pharmacology from Wayne State University and a PhD in Pharmacology and Toxicology from the University of California, San Francisco.

Founded in 1997 and based in San Francisco, Bay City Capital LLC is a life sciences investment firm with a global diversified strategy ranging from seed stage to public companies, and including innovation, restructuring opportunities, and growth investing.

Nearly all of the partners have been with the firm for 12 years or more, and they are supported by over 20 investment professionals, distinguished advisers, and scientific advisory board members.

Bay City Capital funds have invested in a total of 100 portfolio companies covering a broad range of life science sectors, including bio-pharmaceuticals, drug discovery and research tools, medical devices, diagnostics, health care IT, nutrition, and agribusiness.

Fred Craves, PhD, is the Founder of Bay City Capital. Since launching the firm in 1997, Fred has built Bay City Capital to become one of the world's largest and raising more than $1.6 billion.

As a leader in health care venture capital, Dr. Craves brings both scientific skills and deep operational expertise to the companies in which he invests. This allows him to source outstanding investment opportunities and to support exceptional management teams in creating value.

He has been associated with some of the most significant company financing project in the bio-pharmaceutical industry including Reliant Pharmaceuticals, a company he founded then sold to GlaxoSmithKline in 2007 in the single largest all-cash transaction for a venture backed biotech company at that time.

He has served as Executive Vice President of Schering Berlin, Chief Executive Officer and President of Berlex Biosciences, Founding Chairman of the Board and Chief Executive Officer of Codon, and co-founder of Creative Biomolecules.

Dr. Craves has been named to the Forbes Midas List, which recognizes the most successful investors in the venture capital asset class across both the technology and health care industries.

He currently serves on the Boards of Madrigal Pharmaceuticals, Reset Therapeutics and Dermira. Previous investments and board participation, in addition to Reliant, include Medarex, Incyte Pharmaceuticals, and Ion Torrent.

Dr. Craves serves as a member of The J. David Gladstone Institute Advisory Council and as a member of the Board of Trustees of Loyola Marymount University in Los Angeles.

Printer Friendly Story View
Prior Article

September 12, 2019
by: Kathy Rupert-Mathews
MOVIE REVIEW: "It Chapter Two" ... I Loved It
Next Article

August 26, 2019
by: Rachel Reh
River Jordan Ribbon Cutting is BACC Hot Spot for 8/26/2019
Agree? or Disagree?

Dave Rogers

Dave Rogers is a former editorial writer for the Bay City Times and a widely read,
respected journalist/writer in and around Bay City.
(Contact Dave Via Email at

More from Dave Rogers

Send This Story to a Friend!       Letter to the editor       Link to this Story
Printer-Friendly Story View

--- Advertisments ---

0200 Nd: 09-15-2019 d 4 cpr 0


(Ads not affiliated with Google)

Ads By
Bay Area Chamber of Commerce
Click Here to Visit Our Site!
Improving The Economic Climate, Business Environment & Quality of Living Throughout The Bay Area

Ads By
Historical Press - By Dave Rogers
Purchase Your Copy Today!

Ads By
Begick Nursery and Garden Center

Designed at OJ Advertising, Inc. (V3) (v3) Software by Mid-Michigan Computer Consultants
Bay City, Michigan USA
All Photographs and Content Copyright © 1998 - 2019 by OJA/MMCC. They may be used by permission only.
P3V3-0200 (1) 0   ID:Default   UserID:Default   Type:reader   R:x   PubID:mbC   NewspaperID:noPaperID
  pid:1560   pd:11-18-2012   nd:2019-09-15   ax:2019-09-19   Site:5   ArticleID:10065   MaxA: 999999   MaxAA: 999999
CCBot/2.0 (