John Hallinan Joins Danforth Advisors As Very first Main Improvement Officer

WALTHAM, Mass., Dec. 08, 2020 (Globe NEWSWIRE) — Danforth Advisors, LLC, the lifestyle science industry’s top useful resource for operational accounting, finance support and strategic CFO advisory, right now introduced the appointment of market veteran John Hallinan to the newly made role of Main Enhancement Officer. A passionate advocate for lifetime science market, academia and governing administration collaboration, Hallinan will implement important standpoint to notify new current market possibilities for Danforth and develop solutions to finest equip everyday living science companies as they start off up and evolve.

Hallinan most lately served as Main Business enterprise Officer at Massachusetts Biotechnology Council (MassBio), representing the world’s leading daily life sciences hub, wherever he led efforts to catalyze early-phase innovation. This role provided leadership of MassCONNECT, the field-main mentorship plan which aids business people launch and advance new organizations with perfectly-knowledgeable tactics and means.

“Those of us who choose to perform in everyday living sciences are linked by the larger reason of increasing human wellness and well-remaining, irrespective of whether as scientists, business owners, traders or corporate executives. Danforth contributes in the position of strategic associate, matching earth-class R&D with the similar caliber of talent and determination on the element of finance and functions. Now a lot more than ever, as biotech providers more and more embrace digital, money-successful types, Danforth has an possibility to support them create the appropriate foundation to recognize the guarantee of their breakthroughs for individuals,” mentioned Hallinan.

“I simply cannot overstate how privileged we are to welcome John, who provides tremendous awareness of the problems confronted by life science corporations and authentic enthusiasm for encouraging them prosper,” mentioned Chris Connors, President of Danforth Advisors. “We imagine there are a lot of supplemental methods we can enable customers work efficiently, regardless of whether launching a new enterprise or making ready for commercialization, and John’s insight will go significantly in guiding our growing capabilities and markets.”

Hallinan’s history is deeply rooted in the lifestyle sciences, spanning a wide vary of strategic and operational disciplines. Prior to joining MassBio, he served as CFO at Cytel, a leader in the style and implementation of adaptive medical trials. He beforehand held the function of CFO at Signet Laboratories, Cambium Studying, AnVil and CambridgeSoft Company, accumulating sizeable practical experience in the areas of venture financings, company improvement, technological innovation licensing and mergers and acquisition. Prior to his comprehensive-time role at MassBio, he had been lively with the business as a member of its Financial Advancement Advisory Group and as co-chair of the Finance Committee and Entrepreneur’s University.

Hallinan currently serves on the advisory boards of the Massachusetts Technological know-how Transfer Center (MTTC), New Frontier Bio, the Charité BIH Entrepreneurship Summit, the German American Business enterprise Council of Boston and is a mentor in various early-stage packages. He retains a BBA from St. Bonaventure University and is a accredited general public accountant.

About Danforth Advisors
Danforth Advisors is the economical backbone to hundreds of everyday living science corporations, providing built-in and scalable consulting teams ranging from team accountant via CFO. The company’s providers span the whole breadth of a finance organization’s desires, irrespective of whether limited or prolonged term, together with accounting and operational finance aid, funds increasing, money scheduling and examination, IPO preparation, submit-community SEC compliance and clinical organization functions management. Launched in 2011, Danforth has been a strategic and reliable thought spouse to much more than 500 daily life science firms, personal and community, across all phases of the company existence cycle. The firm is headquartered in Waltham, Massachusetts with more operations in the rising everyday living science clusters of metropolitan New York and Pennsylvania. Supplemental data is obtainable at www.danforthadvisors.com.