Fannin Innovation Studio

Fannin Innovation Studio, established in 2005 and based in Houston, Texas, is an early-stage life science development group dedicated to commercializing innovations from the Texas Medical Center institutions. The organization focuses on therapeutic, medical device, and diagnostic technologies, investing in promising startups led by top-tier academic researchers across the United States. To address the commercialization gap in Houston, Fannin provides its portfolio companies with essential resources, including office space, seed capital, and access to a broad network. Additionally, Fannin operates an apprenticeship program that recruits aspiring entrepreneurs, offering them hands-on training to help transition innovative ideas into commercially viable products.

Dev Chatterjee

Managing Director

B. Atul Varadhachary

Managing Partner

Mark Worscheh

CFO

2 past transactions

Allterum Therapeutics

Seed Round in 2020
Allterum Therapeutics is a biopharmaceutical company focused on developing targeted treatments for relapsed acute lymphoblastic leukemia and other cancers that express the IL-7 receptor. The company is also investigating therapies for relapsed or refractory solid tumors characterized by IL-7 receptor over-expression. Its lead product, a monoclonal antibody known as 4A10, was developed at the National Cancer Institute and is designed to specifically target and eliminate cancer cells, minimizing the side effects typically associated with conventional chemotherapy. This innovative approach aims to provide effective treatment options for pediatric patients suffering from relapsed or refractory T-cell malignancies.

Procyrion

Series D in 2019
Procyrion, Inc. is a clinical-stage medical device company based in Houston, Texas, specializing in the development of circulatory assist technologies. Founded in 2005, the company has created the Aortix Heart Pump, a non-surgical, catheter-deployed device designed for patients suffering from heart failure who cannot be adequately treated with medication alone. This innovative pump is implanted through a catheter inserted in the leg and is positioned between the heart and kidneys to alleviate the burden on the failing heart and improve organ perfusion. By addressing cardiorenal syndrome, Aortix aims to relieve symptoms of heart failure, particularly for patients who are diuretic resistant or in acute decompensation. The device's design allows it to be less invasive than traditional options, providing a critical solution for the significant number of adults over 40 who may face heart failure in their lifetime.
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