Jay Lichter is the Managing Director at Avalon Ventures. He has been a successful entrepreneur and veteran investor in the biotechnology and pharmaceutical industry for more than 30 years. He is the inventor of more than 260 patents and patent applications, including 78 issued patents. He combines his exceptional business acumen and deep technical knowledge to create commercially viable and successful biotech collaborations and identify potential scientific discoveries at their earliest stages. Lichter has been involved in licensing or merger and acquisition deals valued in excess of $1 billion.