May 24, 2024

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John Hallinan Joins Danforth Advisors As Very first Chief Progress Officer

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WALTHAM, Mass., Dec. 08, 2020 (World NEWSWIRE) — Danforth Advisors, LLC, the everyday living science industry’s main source for operational accounting, finance support and strategic CFO advisory, today declared the appointment of sector veteran John Hallinan to the freshly produced purpose of Main Enhancement Officer. A passionate advocate for daily life science market, academia and government collaboration, Hallinan will apply valuable point of view to notify new industry possibilities for Danforth and produce solutions to most effective equip lifetime science firms as they begin up and evolve.

Hallinan most just lately served as Main Small business Officer at Massachusetts Biotechnology Council (MassBio), symbolizing the world’s premier daily life sciences hub, where he led efforts to catalyze early-phase innovation. This purpose included management of MassCONNECT, the business-main mentorship application which allows entrepreneurs launch and progress new corporations with perfectly-knowledgeable methods and resources.

“Those of us who decide on to perform in lifetime sciences are linked by the larger function of bettering human wellbeing and very well-getting, no matter whether as scientists, business people, traders or corporate executives. Danforth contributes in the purpose of strategic associate, matching globe-class R&D with the exact same caliber of expertise and determination on the aspect of finance and functions. Now extra than ever, as biotech corporations ever more embrace virtual, money-efficient types, Danforth has an option to assistance them create the right foundation to realize the guarantee of their breakthroughs for clients,” said Hallinan.

“I can not overstate how fortuitous we are to welcome John, who provides remarkable information of the issues confronted by everyday living science businesses and legitimate enthusiasm for encouraging them thrive,” claimed Chris Connors, President of Danforth Advisors. “We imagine there are numerous supplemental approaches we can support clients operate productively, no matter if launching a new undertaking or preparing for commercialization, and John’s perception will go considerably in guiding our growing abilities and markets.”

Hallinan’s background is deeply rooted in the lifetime sciences, spanning a wide vary of strategic and operational disciplines. Prior to becoming a member of MassBio, he served as CFO at Cytel, a chief in the style and implementation of adaptive medical trials. He formerly held the function of CFO at Signet Laboratories, Cambium Studying, AnVil and CambridgeSoft Company, accumulating considerable experience in the areas of enterprise financings, company improvement, engineering licensing and mergers and acquisition. Prior to his complete-time part at MassBio, he had been active with the organization as a member of its Financial Enhancement Advisory Group and as co-chair of the Finance Committee and Entrepreneur’s University.

Hallinan at the moment serves on the advisory boards of the Massachusetts Technology Transfer Middle (MTTC), New Frontier Bio, the Charité BIH Entrepreneurship Summit, the German American Enterprise Council of Boston and is a mentor in quite a few early-phase plans. He retains a BBA from St. Bonaventure University and is a licensed general public accountant.

About Danforth Advisors
Danforth Advisors is the financial spine to hundreds of life science companies, furnishing integrated and scalable consulting teams ranging from personnel accountant by way of CFO. The company’s expert services span the full breadth of a finance organization’s requires, whether brief or lengthy term, which include accounting and operational finance guidance, funds elevating, economic planning and examination, IPO preparation, submit-community SEC compliance and scientific business enterprise operations management. Founded in 2011, Danforth has been a strategic and dependable considered associate to a lot more than 500 lifestyle science corporations, non-public and public, across all stages of the corporate lifestyle cycle. The firm is headquartered in Waltham, Massachusetts with additional functions in the rising life science clusters of metropolitan New York and Pennsylvania. Additional data is offered at www.danforthadvisors.com.

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Felicia Krupps

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