Glossary

Key terms, defined plainly.

Family Office

A privately held firm managing a single family’s capital and investments. Hillman Ventures was founded in 1995.

Frontier Biotech

Early-stage biotechnology in inflammation, damaged tissue, and tumor-based cancers.

351(a) BLA

A Biologics License Application under the Public Health Service Act, the full approval pathway for a biologic.

RMAT

Regenerative Medicine Advanced Therapy, an FDA designation that can expedite eligible therapies.

510(k)

A premarket submission showing a device is substantially equivalent to a marketed device.

Pre-IND

An early FDA meeting to align on a development plan before an Investigational New Drug application.

Strategic Exit

The sale or transfer of an operating company to a strategic or financial acquirer.

Diligence

Independent review of a company or thesis before investment.