Ivor Royston


Ivor Royston, M.D., is an oncologist, researcher, scientist, entrepreneur and venture capitalist, recognized for his efforts to develop treatments for multiple disease targets and to fund biotechnology companies with promising science, technology or medicines.
He speaks regularly at healthcare conferences and symposia throughout the United States, Europe and Asia.
One of Dr. Royston's most significant achievements may be his successful efforts to partner academic medical research with industry to take potential treatments more quickly from the benchtop to the bedside.
After co-founding the first biotechnology company in San Diego, California, he and his associates went on to form or invest in dozens of other biotechs, laying the foundation of the region's thriving biotech cluster, one of the three largest in the United States. As a venture capitalist, Dr. Royston invests in start-up companies that have promising technologies for treating and potentially curing diseases, including various forms of cancer.
Born in Retford, England, Dr. Royston emigrated to the United States with his family in 1954 at age 9, and later, as a 14-year-old, he declared that he would devote his life to curing cancer. Unlike many future scientists, his passion also extended to commerce. This early interest in business manifested itself in a Washington, D.C., high-school investment club of 16 boys — dubbed the Chessmen — that he founded with friends. He also bought and operated an ice cream truck to earn money for college.
These divergent interests — medicine and business — would one day catapult Dr. Royston beyond his peers, transforming San Diego's economy while improving the health and lives of tens of thousands of patients along the way.

Accomplishments

In 1978 Royston, then an assistant professor at the University of California-San Diego, bridged a chasm between academia and the marketplace, triggering a paradigm shift that forever changed San Diego's medical research community and led to the region's establishment as a leading international biotech clusters.
Royston's reasoning was that private enterprise clearly provided the fastest way to get new, life-saving medicines from the research bench top to the patient's bedside. While serving as a researcher and a practicing physician at UCSD, Royston felt the frustration at the long process required to deliver innovative treatments to patients. That frustration fueled his decisive action to work towards eliminating the disconnect between research and clinical application by founding Hybritech with fellow scientist Howard Birndorf in 1978.
The idea behind Hybritech was to harness monoclonal antibodies to quickly diagnose and treat diseases. Financier Brook Byers, of Kleiner Perkins Caufield & Byers, realized the importance of the science and recognized the longer-term value of the budding entrepreneurs' passion, energy and commitment. His firm provided the $300,000 start-up funding, and Hybritech's first product, antibodies for the hepatitis B virus, reached the research market in 1980. The PSA test developed later by the company for the early diagnosis of prostate cancer has benefited countless victims of this deadly disease and set the stage for new blood tests for the early detection of cancer. Hybritech went public in 1981 and, five years later, pharmaceutical giant Eli Lilly and Company paid $480 million for the company.
Dr. Royston went on to co-found IDEC Pharmaceuticals in 1985. Other co-founders included Howard Birndorf, Richard Miller and Brook Byers.
He also co-founded the San Diego Regional Cancer Center, of which he was president and CEO 1990 until 2000. Renamed the Sidney Kimmel Cancer Center in 1995, it filed for chapter 11 bankruptcy in 2009.
More than 50 San Diego companies trace their lineage directly to Hybritech, its founders and early employees. Among those are IDEC, San Diego's biggest biotech success story, with a billion dollars in sales for its lymphoma treatment Rituxan. Others include Amylin, Cancervax, Gen-Probe, Ligand Pharmaceuticals and Nanogen.
In addition to Hybritech, Dr. Royston has been directly involved in the founding or funding of many biotech companies as an entrepreneur and venture capitalist. These companies include: Applied Molecular Evolution, Avalon Pharmaceuticals, Combichem, Corixa, Dynavax Technologies Corporation, Genesys Therapeutics, Genquest, HenaQuest, IDEC Pharmaceuticals, LigoCyte, Micromet, Morphotek, Sequana Therapeutics, Syndax, Targegen, Triangle Pharmaceuticals and Variagenics.
— Dr. Daniel Gold

Career milestones

Dr. Royston and his family have built a reputation for philanthropy throughout Southern California. In 1987, he and his wife established the Ivor and Colette Carson Royston Advised Fund at the San Diego Foundation to support a variety of healthcare and cultural organizations. The Sidney Kimmel Cancer Center, San Diego Opera, La Jolla Playhouse, the Museum of Contemporary Art, the Jewish Community Center and Congregation Beth Israel are among those organizations to benefit from the Roystons' generosity.
In 2002, presented the Ivor and Colette Royston Research Program Award to the Johns Hopkins University School of Medicine.

Personal

Dr. Royston is married to Colette and they have two children. Dr. Royston has two brothers, Elliot Royston of Atlanta, Georgia, and Gerald Royston of Bethesda, Maryland.

Awards