Garheng founded HealthQuest Capital in 2013 to pursue opportunities for investing in fields and locations that he felt were overlooked by many venture and growth investors. A physician and engineer by training, Garheng has 18 years of experience investing in innovative healthcare companies with a long list of successes. He has represented HealthQuest on the boards of Alcresta, Avedro, Avizia, Castle Biosciences, Health Channels, Magnolia Medical, Trice Medical, Venus Concepts, and VirMedica.
Some of his notable past successes include IPO’s with Cempra (CEMP), Alimera (ALIM), Applied Genetic Technology Corp. (AGTC), Proteon (PRTO), Histogenics (HSGX) and TransEnterix (TRXC). His investments going on to successful M&A transactions include: Calibra Medical (J&J), Cellective (AstraZeneca), Serenex (Pfizer), Athenix (Bayer), NovaMin (GSK), Aldagen (Cytomedix), Salveo Specialty Pharmacy (United Health), SARCode (Shire), and Spirox (Entellus). Each case was an opportunity where the entrepreneur was “genuine,” the commercial opportunity was clear, and the science was strong. Garheng continues to look for each of these for HealthQuest’s investments.
Garheng’s interests and industry footprint are broad as he also serves on the board of LabCorp (LH), Alimera Sciences (ALIM), Histogenics (HSGX), Cempra (CEMP), StrongBridge (SBBP), the Duke University Medical Center (Board of Visitors), SEBIO, Corporate Chaplains of America, Cure Network Ventures, and advises numerous other industry groups including IDEO Palo Alto and Lam Research. He is a Fellow of the Aspen Institute's Health Innovators Fellowship.
Garheng received two undergraduate degrees in Chemical Engineering and Biological Sciences from Stanford, while on an athletic scholarship. He then earned a MD, PhD and MBA from Duke University, graduating #1 in his class in each instance. His early career included stints at GlaxoSmithKline, McKinsey and a medical device start-up, TherOx, before joining Intersouth Partners and then Sofinnova Ventures. He lives in Redwood City with his physician wife (a board certified electrophysiologist) and was a nationally ranked volleyball player (and avid “foodie”).