Burnham Securities Inc. and The Channel Group Form Healthcare Alliance

NEW YORK, Sept. 29, 2014 /PRNewswire/ -- Burnham Securities Inc. ("Burnham"), a financial services firm, and The Channel Group ("TCG"), a leader in healthcare venture development and strategic transactions and transition advisors, have formed an alliance to expand the range of services each company can provide to prospective clients. With the alliance, Burnham Securities will be supported by a team of leaders in the scientific, clinical medicine and management in healthcare industry to build a healthcare franchise. This partnership will bolster Burnham's ability to provide strategic advisory services to its biomedical and healthcare clients. Likewise, TCG clients will have access to Burnham services, including capital formation, mergers and acquisition advisory, strategic financial alternatives and structuring business combinations.

Burnham's Vice-Chairman and Head of Investment Banking, Sylvan Schefler, stated, "Our main priority is to enhance the service we can provide to our clients. We are extremely excited about the depth of knowledge and expertise The Channel Group can deliver."

Robert Beckman, Founder and Managing Partner of The Channel Group added, "We are enthusiastic about our new alliance with Burnham Securities as it enables both organizations the ability to provide clients with access to significant expertise and a broader range of services in the biomedical and healthcare sectors."

About Burnham Securities Inc.

Burnham Securities Incorporated and Burnham Asset Management Corporation are divisions of Burnham Financial Group, which was formed in 1989 by the late I.W. Burnham, II (founder of Drexel Burnham Lambert) and Jon M. Burnham.  Burnham Financial Group offers financial services and expertise to a select group of institutions, companies, and individuals. The firm's capabilities extend from asset management and brokerage services to investment banking, securities underwriting, and mutual fund administration and distribution. The firm's headquarters are in New York. The firm also has offices in Irvine, CA and Houston, TX. For more information go to www.burnhamfinancial.com

About The Channel Group, LLC

A New York-based life sciences venture development and management firm formed in 2002, TCG engages in two types of activities: venture formation and venture transactions.  As principals, TCG creates, develops, and manages life sciences companies based on drug candidates and technologies emanating from medical centers, academic institutions, research institutes, and commercial R&D organizations. As retained advisors, TCG is typically engaged by the CEO or Board of a medical, healthcare, or life sciences company to effect a strategic transaction. The transactions concluded by BioMed Transition Partners, TCG's affiliate, and its Managing Partners have included: major financings and recapitalizations, restructurings and spin-offs, in-and out-licensing of products and technologies reorganization and re-launch of stalled ventures acquisitions, mergers, and sales of companies.

Media Contacts

For Burnham Securities Inc.
Debra B. Hyman
Vice President
1325 Avenue of the Americas
New York, New York 10019
(800) 881-6543  
[email protected]  
www.burnhamfinancial.com  

For The Channel Group, LLC
Robert J. Beckman
Founder & Managing Partner
Channel Group, LLC
1133 Broadway, Suite 706
New York, New York 10010
(914) 234-0860  
[email protected]  
www.thechannelgroup.com

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SOURCE Burnham Securities Inc.