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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Supporting companies across the healthcare ecosystem with flexible funding models…

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

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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

NYU Langone Health and Deerfield Management Launch Amethyst Innovations with Up To $130 Million to Accelerate Commercialization of Biomedical Discoveries

Researchers at NYU Langone will gain access to Deerfield Management's capital, infrastructure, and specialized resources to help advance novel therapeutics beyond the lab.

NEW YORK, June 6, 2023 /PRNewswire/ — NYU Langone Health and Deerfield Management Company, a healthcare investment firm, today announced the launch of a research and development collaboration designed to accelerate the commercialization of biomedical discoveries. 

Through a newly formed company called Amethyst Innovations, LLC, Deerfield has committed up to $130 million over the next 10 years, along with additional scientific and operational support, including access to the Deerfield-founded Women in Science program, to advance the translation of NYU Langone’s cutting-edge biomedical research in a broad range of areas.

“NYU Langone has a strong track record of producing groundbreaking therapeutics that have improved the lives of millions of patients globally,” said Marc Sedam, vice president of Technology Opportunities & Ventures, which oversees the commercialization of NYU Langone’s research outputs. “This collaboration will give our researchers new options to bring promising biomedical innovations into treatments and cures that will address some of the world’s most pressing health issues. We’re particularly encouraged by the close proximity of Deerfield’s Cure facility, just a few blocks away from NYU Langone, offering a unique opportunity for our researchers to benefit from regular conversations and engagement with Deerfield’s scientists and other companies in the ecosystem.”

One highlight of this collaboration is access to the Women in Science Translational Research Symposium, which was initially developed by Deerfield in 2019 and is now part of Advancium Health Network. NYU Langone’s female researchers will be able to participate in this program, which is aimed at supporting diverse perspectives in the business of healthcare. The program’s goal is to provide critical support, knowledge and expertise for the commercialization process of therapeutics and provide a community for interactions so that women scientists have a greater likelihood of translating their work to commercial success.

“Deerfield is committed to supporting academic research to provide the capital, infrastructure, and support needed for successful commercial entry,” said James Flynn, managing partner of Deerfield Management and Cure® Founder. “NYU has a strong history in research and discovery and we feel this is a great opportunity for both organizations to combine our strengths, advance meaningful research work, and streamline the path from discovery to patient.”

“We are thrilled Deerfield Management and NYU Langone Health are partnering to drive cutting-edge biomedical research and innovation that will lead to groundbreaking treatments, cures, and healthcare technologies in New York City,” said New York City Economic Development Corporation President & CEO Andrew Kimball. “We look forward to continuing to support our partners to solidify our city’s place at the forefront of the life sciences industry and support the next generation of talent through this strategic partnership.”

Amethyst Innovations, LLC, a private company wholly owned by affiliates of Deerfield Management, will support NYU Langone research projects in various stages of drug exploration and development. Technology Opportunities & Ventures will be responsible for managing the engagement with Deerfield and working with NYU Langone’s scientific leadership to select projects. The collaboration will lean heavily on the pipeline of projects out of NYU Langone’s well-established internal drug accelerator, Therapeutics Alliances, which identifies and de-risks high-potential biomedical research projects. Accepted proposals will receive a development plan aimed at achieving Investigational New Drug (IND) readiness. Selected projects will also be eligible for additional funding for startup creation. Potential conflicts of interest that arise in the course of this collaboration will be evaluated, managed, or mitigated in accordance with NYU Langone policies and procedures.

Under the terms of the agreement, Amethyst Innovations, LLC would receive an option to license Amethyst Innovations-funded intellectual property developed at NYU Langone.

NYU Langone Health is one of the nation’s premier academic medical centers, ranked No. 1 in New York and No. 3 in the country on U.S. News & World Report’s “Best Hospitals.” Their trifold mission to serve, teach, and discover is achieved daily through an integrated academic culture devoted to excellence in patient care, education, and research.

NYU Langone’s visionary team is at the forefront of scientific inquiry into pioneering innovations and medical therapies. The institution is among the nation’s top research universities receiving National Institutes of Health (NIH) funding and NYU Langone faculty include many of the world’s leading experts who are guiding the future of biomedical research.

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

Media Contact:
Anthony Karamourtopoulos
[email protected]

SOURCE Deerfield Management Company, L.P.