Deerfield
About Deerfield

Launched in 1994, Deerfield Management Company is an investment firm dedicated to advancing healthcare through information, investment, and philanthropy—all toward the end goal of cures for disease, improved quality of life, and reduced cost of care.

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Investment

Supporting companies across the healthcare ecosystem with flexible funding models…

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Information

Delivering market research to the Deerfield team, its portfolio companies and other partners.

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Philanthropy

A New York City-based not-for-profit devoted to advancing innovative health care initiatives.

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Portfolio Companies

Deerfield generally maintains a combined portfolio of more than 150 private and public investments across the life science, medical device, diagnostic, digital health and health service industries at all stages of evolution from start-up to mature company.

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Research Collaborations

Deerfield partners with leading academic research centers, providing critical funding and expertise to further sustain and accelerate the commercialization of discoveries toward meaningful societal impact by advancing cures for disease.

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Strategic Partners

As a strategic partner, Deerfield offers capital, scientific expertise, business operating support, and unique access to innovation.

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Deerfield Foundation

The Deerfield Foundation is a New York City-based not-for-profit organization whose mission is to improve health, accelerate innovation and promote human equity.

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Cure Campus

Cure is a 12-story innovations campus in New York City that intends to bring together innovators from academia, government, industry, and the not-for-profit sectors to advance human health and accelerate the fight against disease.

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Cure Programming

Cure has a series of expert lectures intended to advance thought in healthcare, management, innovation, policy, and other relevant subjects. This fosters growth and education for those at Cure and its guests.

Events at the Cure

Deerfield Foundation Awards More Than $1.4 Million to Improve Health, Accelerate Innovation and Promote Equity

– 13 organizations in seven countries to receive support for projects focused on children, spanning development and delivery of treatments to public health improvements –

NEW YORK, Dec. 11, 2023 /PRNewswire/ — Deerfield Foundation (“Deerfield”), the philanthropic affiliate of Deerfield Management Company, a healthcare investment firm, today announced the awarding of $1.497 million to support 13 grantee not-for-profit organizations in seven countries in their 2024 healthcare initiatives to benefit children and their families from underserved communities.

“For more than 15 years, the Deerfield Foundation has made annual grants to help fuel the activities and initiatives of organizations that share our mission to improve health, innovation and equity, with a focus on children and where they live,” said Mark Veich, Vice President, Philanthropy and Executive Director of The Deerfield Foundation. “Our strategic giving helps outstanding organizations develop therapies, deliver treatments or improve public health services to make a positive impact to individual children as well as whole communities.”

Since its inception as a private not-for-profit in 2007, the Deerfield Foundation has awarded more than $45 million to more than 100 organizations to deliver on Deerfield Management’s mission of advancing healthcare through philanthropy. The Deerfield Foundation’s funding reflects contributions from employees of Deerfield Management Company as well as its profits.

This year’s grantees will receive one-year grants in December 2023 to carry out 2024 initiatives focused on pediatric and adolescent health. A program committee of the Deerfield Foundation selected grantees based on the direct and measurable impacts of their proposals. The committee also considered  opportunities where Deerfield employees could  provide their support through meaningful collaborations. The Deerfield Foundation does not accept unsolicited requests for funding, and all potential grantees are invited by Deerfield employees.

Of the 2024 grantees, six are based in the United States and together received almost $560,000. An additional seven global organizations received nearly $939,000.  The 2024 grantees are:

Achilles International (NYC)
A-Z Children Ltd (Nurture Africa) (Uganda)
Drugs for Neglected Diseases Initiative (DNDi) (Global)
Magdi Yacoub Global Heart Foundation (Egypt)
Manjushree Vidyapith Inclusion School (India)
Many Hopes (Malawi)
May We Help (Cincinnati, OH)
Project Healthy Minds (NYC)
Red Door Community (NYC)
The Family Center (NYC)
The Matthew Larson Foundation for Pediatric Brain Tumors (Iron Matt) (Franklin Lakes, NJ)
The Pradiya Foundation (Nepal)
The Water Trust (Uganda)

In addition to annual grants, the Deerfield Foundation, together with Deerfield Management, launched in 2022 the Advancium Health Network, a public charity dedicated to eliminating barriers for the advancement of healthcare and to becoming a leading organization in the advancement of health technology and innovation in areas of compelling need. Deerfield Foundation also created, in June 2023, the American Society of Hematology Peter Steelman Scholar Award in honor of former, longtime Deerfield Partner, Peter Steelman. The award supports research focused on acute myeloid leukemia (AML), a cancer of the blood and bone marrow.

About The Deerfield Foundation
An affiliate of Deerfield Management, the Deerfield Foundation is a New York City-based not-for-profit organization whose mission is to strive to improve health, accelerate innovation and promote human equity. Since its inception in 2007, the Foundation has formed numerous partnerships and invested in the advancement of children’s health, from clinics in the South Bronx to Nepal. Funds are provided through employee contributions and directly from Deerfield’s profits.

Deerfield contact:
Elise Wang
[email protected]
Phone: (212) 583-7267

The Pradiya Foundation

The Pradiya Foundation is a non-profit organization with the mission of empowering the people of India and Nepal to improve living conditions for people suffering from illness, poverty, discrimination and a lack of human rights.

The organization seeks to provide people with tools to improve their lives in a sustainable way. Pradiya’s mission is inspired by the lived realities in India and Nepal– where education, employment opportunities, and healthcare are currently lacking significantly. The Pradiya Foundation vows to support people on their journey to create the changes they want to see in their own communities and within their own lives.

Drugs for Neglected Diseases Initiative (DNDi)

The Drugs for Neglected Diseases initiative (DNDi) is a not-for-profit medical research organization that discovers, develops, and delivers safe, effective, and affordable treatments for neglected people. DNDi is developing medicines for sleeping sickness, leishmaniasis, Chagas disease, river blindness, mycetoma, dengue, pediatric HIV, advanced HIV disease, cryptococcal meningitis, and hepatitis C. Its research priorities include children’s health, gender equity and gender-responsive R&D, and diseases impacted by climate change. Since its creation in 2003, DNDi has joined with industry, academia, government, and philanthropic partners across the globe to deliver 12 new treatments, saving millions of lives.

Project Healthy Minds

Project Healthy Minds is a Millennial & Gen Z-driven mental health tech non-profit startup. Project Healthy Minds is democratizing access to mental health services by building the world’s first digital mental health marketplace, destigmatizing mental health by partnering with culture-makers, and improving access and affordability by advocating for innovative workplace investments in employee mental health.

Deerfield Management and the Deerfield Foundation Announce the Creation of the American Society of Hematology (ASH) Peter Steelman Scholar Award and the First Annual AML Summit to Advance Research for Acute Myeloid Leukemia

NEW YORK, NEW YORK – June 8, 2023Deerfield Management and the Deerfield Foundation announced today the creation of the American Society of Hematology (ASH) Peter Steelman Scholar Award and the first Annual AML Summit in honor of former, longtime Deerfield Partner Peter Steelman. Both efforts aim to further advance research for Acute Myeloid Leukemia (AML).

The 2022 inaugural recipient of the ASH Peter Steelman Scholar Award is Simone Riedel, Ph.D. who will be a keynote speaker at the AML Summit. Dr. Riedel currently serves as a doctoral fellow at The Children’s Hospital of Philadelphia’s Bernt Lab, as part of a team of researchers focused on investigating the role of epigenetic gene regulation in hematopoietic stem cells and their relation to leukemia. More specifically, Dr. Riedel works on a protein called Meningioma-1 (MN1) that, when overexpressed, causes a highly aggressive AML.

The first annual AML Summit will be held on Tuesday, June 13 at Cure®, a healthcare innovation campus in New York City.

Guest speakers at the inaugural AML Summit will include:

  • Omar Abdel-Wahab, M.D., Director of the Center for Hematologic Malignancies at Memorial Sloan Kettering;
  • Lore Gruenbaum, Ph.D. | Vice President, Therapy Acceleration Program;
  • Ross Levine, M.D., Leukemia Specialist & Physician-Scientist, at Memorial Sloan Kettering Cancer Center, Chair of The AML Summit;
  • Alicia Loffler, former Executive Director of the Innovation and New Ventures Office at Northwestern University;
  • Simone Riedel, Ph.D., Children’s Hospital of Philadelphia;
  • Ulrich Steidl M.D., Ph.D., Chair of Cell Biology and co-director of the Blood Cancer Institute at Albert Einstein College of Medicine;
  • Aaron Viny, M.D., Cancer Care, Hematology at Columbia​.

Each year there are approximately 18,000 new cases of diagnosed AML, with about 126,000 diagnosed prevalent patients per year in total. The AML Summit will bring together thought leaders from across the healthcare ecosystem to advance scientific research and bring us closer to a cure.

About the ASH Peter Steelman Scholar Award

Designed by Deerfield Management and Deerfield Foundation in partnership with ASH, the ASH-Peter Steelman Scholar Award supports exceptional academic research efforts focused on AML, and is part of ASH’s Scholar Award program. For many researchers, the period between the completion of training and the establishment of an independent career can be a perilous and uncertain time. Since 1985, the ASH Scholar Award program has helped ease this difficult transition by providing support during that critical period required for the completion of training and achievement of status as an independent investigator.

Dr. Riedel and future recipients of the award will receive an extensive benefits package from the Deerfield Foundation, including:

  • Complete funding support to participate in the American Society of Hematology (ASH) Annual Meeting.
  • A yearly invitation and a travel stipend to participate in Deerfield Management’s AML Summit.
  • A designated research presentation slot at the AML Summit.
  • Biannual meetings with Deerfield Management’s Oncology Working Group, a team of oncology-focused colleagues spanning science and investment.
  • Ongoing collaboration with Deerfield Management personnel that focuses on the translation of innovation to a commercially viable therapeutic.
  • (For female recipients), ongoing access to Deerfield and Advancium Health Networks Women in Science Translational Research Symposia.

About Peter Steelman

The award was named in honor of former Deerfield Management Partner, Peter Steelman, who will always be remembered as a genuinely kind person who accepted everyone on their own terms. He was a hard worker and a great team player. Peter was devoted to supporting his family (his wife Sara and three boys, Grant, Trent and Kurt) and ensuring they had every opportunity that he could provide. Peter enjoyed going to the beach, running and keeping fit, traveling, and spending time in New York City. While at Deerfield, he was instrumental in the creation of Deerfield’s academic network, which today spans nearly 30 of the country’s most prestigious institutions. Peter will always be missed and forever remembered.  

“We are proud to offer this award in memory of former friend and Deerfield colleague, Peter Steelman, who, throughout his life and career, was a passionate advocate of Deerfield’s mission to advance healthcare,” said Jim Flynn, Managing Partner of Deerfield Management and Cure® Founder. “We thank ASH for its partnership and are honored to name Dr. Riedel as the first recipient. We hope our support of the field will bring us closer to a cure for this difficult and painful disease.”

About The Deerfield Foundation

An affiliate of Deerfield Management, the Deerfield Foundation is a New York City-based not-for-profit organization whose mission is to strive to improve health, accelerate innovation and promote human equity. Since its inception in 2007, the Foundation has formed numerous partnerships and invested in the advancement of children’s health, from clinics in the South Bronx to Nepal. Funds are provided through employee contributions and directly from Deerfield’s profits.

About Deerfield Management

Deerfield is an investment management firm committed to advancing healthcare through investment, information and philanthropy. The Firm works across the healthcare ecosystem to connect people, capital, ideas and technology in bold, collaborative and inclusive ways. For more information, please visit www.deerfield.com.

Media Contact

Caroline Drucker

[email protected]

917-588-3016

The Matthew Larson Foundation for Pediatric Brain Tumors (IronMatt)

Since 2007, The Matthew Larson Foundation has financially supported families living with pediatric brain tumors and funded research in the hopes of finding a cure. 

Red Door Community

Red Door Community is New York City’s preeminent nonprofit cancer support organization helping everyone and anyone impacted by cancer. A welcoming place that provides a full complement of FREE cancer support, emotional and educational programs, and healthy lifestyle workshops online and in‐person. We are committed to expanding our program and broadening our reach to meet the growing needs of individuals living with cancer, in more ways, and in more places than ever before. Because only Red Door Community is committed to providing unwavering support at every stage of the cancer experience, so no one faces cancer alone. Not today. Not tomorrow. Not ever.

Nurture Africa

Nurture Africa’s mission is empowering vulnerable children, adolescents and families to be positive influences on society. Nurture Africa aims to achieve this through health, education and sustainable livelihoods projects.

May We Help

Sometimes, a device is all that stands in the way of an individual with a disability achieving independence or pursuing their passion. When that device is not available in the marketplace, that’s when May We Help’s volunteers step in. They are a team of engineers, industrial designers, inventors, welders, woodworkers, seamstresses, doctors, occupational and physical therapists whose skill sets come together to design, build and deliver custom devices at no cost to hundreds of recipients every year.

Achilles International

Achilles International is a global organization providing opportunities and support for people with disabilities interested in participating in mainstream athletics. Through a portfolio of programs, Achilles encourages personal achievement, enhances self-esteem and breaks down barriers to living a fulfilling and healthy life. Achilles promotes inclusion and community by bringing together athletes with disabilities and their able-bodied peers.