Senior Partner · The Bracken Group

Andrew Salzman, MD

Drug Discovery · Biotech Company Building · Therapeutic Cannabinoids
Harvard-trained pediatric critical care physician and serial biotech founder who discovered the first PARP inhibitor introduced into humans and has built companies on four continents.
170+Peer-Reviewed Publications
46Patents
$600MGenentech Licensing Deal
10INDs & CTNs Approved

Executive Summary

Andrew (Andy) Salzman, MD, is a Senior Partner at The Bracken Group with 40 years of experience in the biotech and pharmaceutical industry, having initiated and built a long series of drug development companies. Harvard-trained and board certified in pediatrics, with fellowship training in pediatric infectious disease and critical care, he has overseen the full spectrum of development: discovery chemistry, pharmacology, preclinical work, manufacturing, Phase I–II clinical trials, and U.S. and international regulatory strategy.

Andy founded Inotek Pharmaceuticals with three hundred dollars and grew it into a 140-person multinational company. There he discovered and developed INO-1001, the first PARP inhibitor introduced into humans, which advanced to Phase 2 before licensure in a $600 million deal with Genentech. He also identified the first adenosine A1 receptor agonist for ophthalmic disease, the program that later carried Inotek to a NASDAQ IPO. He went on to co-invent the enzyme therapy OT-58 at Orphan Technologies, later acquired for more than $517 million, and to lead drug development at the Lovelace Biomedical Research Institute.

In academic medicine, he was Founding Director of a Division of Critical Care Medicine and an Associate Professor of Pediatrics and Molecular and Cellular Physiology at the University of Cincinnati. His recent focus is the clinical use of cannabinoids, including novel synthetic analogs for intractable inflammation and pain. He has authored more than 170 peer-reviewed publications and holds 46 patents.

Signature Programs

INO-1001 · Inotek
First PARP Inhibitor Introduced into Humans
Discovered and advanced to Phase 2 trials, then licensed to Genentech.
INO-8875 · Inotek
First Adenosine A1 Receptor Agonist for Ophthalmic Disease
Taken into Phase 1; later effective in late-stage Phase 2 and the basis of Inotek’s NASDAQ IPO.
OT-58 · Orphan Technologies
Pegtibatinase for Homozygous Homocystinuria
Co-inventor of the pegylated enzyme therapy, acquired by Retrophin in 2020 for more than $517M.
Resolvin E1 · Salzman Investments
Phase 2-Ready Inhaled Anti-Inflammatory
Developed an efficient synthetic route for large-scale production, intended for cystic fibrosis, asthma, and COPD.

Areas of Expertise

Biotech Company Building

Founding, financing, and running drug development companies across the U.S., Israel, Europe, Canada, and Australia.

Drug Discovery & Medicinal Chemistry

Small molecule and biologic discovery, from mechanism and target through clinical candidate selection.

Clinical & Regulatory Strategy

Phase I–II programs and U.S. and international regulatory strategy, including Fast Track and Special Protocol Assessments.

Therapeutic Cannabinoids

Novel synthetic cannabinoids for pain, inflammation, and immune disease, plus synthesis and purification routes.

Manufacturing & CMC

GMP API manufacturing facilities, process scale-up, and quality control operations.

Financing & Partnering

Equity rounds, federal grants and contracts, licensing deals, reverse mergers, and public offerings.

Career History

2021 – Present
Senior Partner
The Bracken Group
2022 – Present
Founder & Chairman
Elati GmbH and Elati Corporation
Synthetic analogs of rare cannabinoids for intractable inflammation and pain.
2008 – Present
Chairman, Founder & Owner
Salzman Group, Ltd. and affiliated companies
90-person Israeli capital and operations company with a 16,000-square-foot R&D facility in Katzrin, plus family-owned research, CRO, and GMP manufacturing firms in the U.S., UK, and Australia.
2017 – 2018
Chief Executive Officer & Chief Medical Officer
Kalytera Therapeutics
Cannabinoids for graft versus host disease; led a reverse merger onto the Toronto Stock Exchange and a CA$12M follow-on offering.
2014 – 2018
Chairman & Founder
Radikal Therapeutics
25-person firm for inflammation and reperfusion injury; led $111M in federal funding, including an $84M BARDA contract.
2012 – 2017
Senior Fellow & Founding Director of Drug Development
Lovelace Biomedical Research Institute
2010 – 2013
Chairman, Founder & General Partner
Orphan Technologies
Co-invented OT-58, acquired by Retrophin in 2020 for more than $517M.
1996 – 2007
Founder, Chairman, President & CEO; CSO and CMO
Inotek Pharmaceuticals
Grew a $300 start-up into a 140-person company; discovered the first PARP inhibitor introduced into humans.
1994 – 1999
Founding Director, Division of Critical Care Medicine; Associate Professor
Children’s Hospital Medical Center and University of Cincinnati College of Medicine

Career Milestones

  • Licensing
    $600M licensing deal with Genentech for Inotek’s PARP inhibitor program
    Inotek Pharmaceuticals
  • Equity
    $80M raised across three financing rounds
    Inotek Pharmaceuticals
  • Regulatory
    10 INDs and CTNs approved, including FDA Fast Track and Special Protocol Assessments
    Inotek Pharmaceuticals
  • Exit
    OT-58 acquired by Retrophin for more than $517M
    Orphan Technologies
  • Federal
    $111M in federal funding, including 27 NIH grants and an $84M BARDA contract
    Radikal Therapeutics
  • Facilities
    Designed and built a 30,000-square-foot GMP API manufacturing facility in Dimona, Israel
    Inotek Pharmaceuticals
  • Public
    Reverse merger onto the Toronto Stock Exchange and a CA$12M follow-on public offering
    Kalytera Therapeutics

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Discovery strategy, early development planning, or a founder’s read on building the company around an asset.

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