Third Security is a Biotech Investment Manager in Radford, VA. The firm manages a portfolio of operating biotechnology companies and serves as a family office. They work closely with their portfolio companies to drive innovation, growth, and the global use of biology to solve problems.
The company operates with a management model established through decades of experience. The history of the organization traces back to the early 1980s with the work of founder R.J. Kirk in Southwest Virginia. Following the formation of General Injectables & Vaccines, Inc. in 1984 and its subsequent sale in 1998, Third Security was launched in 1999 to manage personal investments and affiliated entities. For much of its history, the firm managed life-science focused venture capital funds, though it liquidated its remaining life-science venture capital funds in December 2020. The firm provides capital access, strategic assistance, and business development. Through affiliated companies like TS Biotechnology Holdings, LLC, the organization has engaged in the acquisition of bioengineering assets.
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Third Security continues to focus on driving global impact through biotechnology portfolio management from its location in Radford.