News Article

Biotech pioneer and Genzyme founder Henri Termeer dies

Inknowvation Site Notes

Founded very shortly before passage of the SBIR enablng legislation, though never in large dollar amounts, Genzyme - and Dr Temeer - was among the very first SBIR Awardees and remained small-scale program involved until 1997. Joined by many other start-ups that are now giants in the Biotech space it can truly be argued that, as for Genzyme, SBIR has been a major factor in the development of the Biotech industry overall with Genzyme went on to become one of the worldÂ’s foremost biotechnology companies.
Founded in Boston in 1981, Genzyme grew from a small start-up to a diversified enterprise with a major world presence with many established products and services helping patients in all over the world. Universally acknowledged as a Biotech Pioneer, Dr Temeer's impact has been profound on the rise of the orphan drug industry and the accompanying increase in mobilization and power of patient advocacy groups. Also being SBIR-involved as some level, many other companies followed in his wake with a rare disease focus leading to dozens of approved drugs for such conditions.
Date: May 15, 2017
Author: Phil Taylor
Source: Fierce Biotech ( click here to go to the source)

Featured firm in this article: Genzyme Corporation of Cambridge, MA



The biotech industry is mourning the loss of one of the sector's founding fathers after the death of Genzyme founder Henri Termeer at the age of 71.

According to the Boston Globe, Termeer died after collapsing at his home in Marblehead, Massachusetts, on Friday night.

Termeer was at the helm of Genzyme for nearly 30 years, joining the company in 1983 and rising quickly to the role of CEO before it was acquired by Sanofi in 2011 for more than $20 billion. He is credited with not only transforming the small company into one of the world's leading biotech companies but also playing a leading role in working out how to develop a business model that opened up the market for rare and orphan disease therapies--to the benefit of patients and shareholders alike.

After leaving Genzyme, Termeer continued to play an active role in the industry, sitting on the boards of several companies including Abiomed, Aveo Pharma, Moderna Therapeutics and Verastem. He also set up the Network for Excellence in Health Innovation, a health policy think tank based in Cambridge and funded the Henri and Belinda Termeer Center for Targeted Therapies at Mass. General with a $10 million endowment.

Messages lamenting the loss of a biotech giant have been coming in thick and fast on social media, with Sue Desmond-Hellmann, CEO of the Gates Foundation, tweeting: "140 characters not enough to explain why Henri Termeer was such an icon ... He was a gem. RIP Henri."

Many tributes have pointed to his mentoring of colleagues who have gone on to start their own companies--sometimes referred to as the 'Genzyme diaspora'--and have helped transform Massachusetts into a biotech hub.

Bob Coughlin, president of the Massachusetts Biotechnology Council, said that Termeer was "one of the founders of the modern biotech industry" and had "changed the lives of patients around the world through his ongoing dedication to discovering breakthrough treatments for those with rare diseases."

There were also condolences from Genzyme's biotech rivals, including Biogen, which said that Termeer had been a "true visionary and leader" and a "mentor to many in the industry and at Biogen."
Read more on executives, Sanofi Genzyme, Henri Termeer, Henri and Belinda Termeer Center for Targeted Therapies