Chirinjeev Kathuria Explained

Chirinjeev Kathuria
Alma Mater:Brown University
Stanford University
Birth Place:New Delhi, India
Known For:First Indian American to run for the US Senate,[1] Co-founder of PlanetSpace and New Generation Power International, co-founder and co-chairman of UpHealth Inc., executive chairman and co-founder of Ocean Biomedical Inc.; Co-founder and chairman of the AIRO Group

Chirinjeev Kathuria is an Indian-American[2] [3] [4] investor, physician, politician, businessperson, and philanthropist.[5] [6] He was the first Indian-American to run for the US Senate.

Kathuria was the co-founder and co-chairman of UpHealth Inc. which went public on the NYSE (NYSE:UPH).[7] [8] [9] The company focused on digital care management, telehealth, digital pharmacy and technology-enabled behavioral health.[10]  Kathuria is the executive chairman and co-founder of Ocean Biomedical Inc.,[11] [12] a biotech company that partners with leading scientists and research institutions to accelerate the translation of new discoveries into breakthrough medicines.[13] He is also the co-founder and chairman of New Generation Power International, and co-founder of PlanetSpace.[14] [15] [16] [17] [18] Additionally, Kathuria is the co-founder and chairman of the AIRO Group. The AIRO Group brings together technologies and services in urban air mobility, commercial and military aviation, and avionics.[19] [20] [21] [22] [23] [24] Airo Group Holdings, Inc. Announced a Confidential Submission of Draft Registration Statement Related to Proposed Public Offering.[25] [26] [27]

In 2004, Kathuria was an unsuccessful candidate for the nomination for the United States Senate election in Illinois.

Early life

Chirinjeev Kathuria was born in New Delhi, India and came with his parents to Chicago, Illinois at the age of eight months.[28] Kathuria graduated Valedictorian from Downers Grove North High School.[29] He received a Bachelor of Science and Doctorate of Medicine from Brown University and a Master of Business Administration from Stanford University.[30]

Career

Businessperson

Kathuria co-founded American Teleradiology NightHawks Inc., which was acquired in 2005 by NightHawk Radiology Holdings Inc.; the combined company went public on NASDAQ in 2006. In 2010 he co-founded New Generation Power International.

Space exploration

Kathuria has also been involved in space exploration,[31] and was the Founding Director of MirCorp, the first commercial company to privately launch and fund crewed space programs.[32] [33] [34] Kathuria also invested in Russia's Mir space station in its final days.[35] In 2005, Chirinjeev Kathuria co-founded PlanetSpace, a privately funded Chicago-based rocket and space travel project,[36] which bid for NASA's Commercial Resupply Services contract with Lockheed Martin, Boeing and Alliant Techsystems.[37] [38]

Biomedical

Kathuria co-founded Ocean Biomedical and serves as the chairman of its board of directors. Ocean Biomedical is currently pursuing programs in oncology, fibrosis, infectious disease, and inflammation.

He was also the co-founder and co-chairman of UpHealth Inc. which went public on the NYSE (NYSE:UPH).

Aerospace and defense

He founded AIRO Group in 2005 which in 2021 acquired Aspen Avionics and proceeded with a merger with Coastal Defense. In the same year, Jaunt Air Mobility entered into a merger with the AIRO group.

Politician

See main article: 2004 United States Senate election in Illinois. In 2004, Kathuria was an unsuccessful candidate for the nomination for the United States Senate election in Illinois. Jack Ryan was the eventual primary winner. Democrat and future President Barack Obama went on to win the general election.

Notes and References

  1. Web site: Vote for a turban and a beard. 24 July 2003. The Economist.
  2. Web site: Dr. Chirinjeev Kathuria - Illinois Senate Race - Candidate Profile. www.ilsenate.com.
  3. News: 2003-08-25. Sikh bids for US history. en-GB. 2021-07-13.
  4. Web site: Indian American stands out among senate hopefuls. 2021-07-13. The Daily Journal. en.
  5. Web site: Chirinjeev Baboo Kathuria M.D., M.B.A.: Executive Profile & Biography . Bloomberg. www.bloomberg.com.
  6. Web site: The University of the Virgin Islands Announces $30 Million Gift for the Development of a Medical School. www.uvi.edu.
  7. News: UpHealth Announces the Removal of Dr. Chirinjeev Kathuria as Co-Chairman of the Board of Directors . 3 February 2023.
  8. SEC, " UpHealth IPO Investment Prospectus S-1." SEC.report. Retrieved 2021-07-15.
  9. Web site: Cloudbreak’s Jamey Edwards Gives an Inside Look at SPAC Process Los Angeles Business Journal . 2021-06-29 . labusinessjournal.com.
  10. News: 2020-11-23 . GigCapital2 to merge with two telehealth firms in $1.35 billion deal . en . Reuters . 2023-02-07.
  11. Web site: A Stanford lab's drug could be Covid's worst enemy and key to this company's IPO . live . https://web.archive.org/web/20210613013311/https://www.bizjournals.com/sanfrancisco/news/2021/06/10/covid-19-stanford-ocean-biomedical-ace2.html . 2021-06-13 . 2021-07-13 . www.bizjournals.com.
  12. Web site: 2021-06-10 . A Stanford lab's drug could be Covid's worst enemy and key to this company's IPO . live . https://web.archive.org/web/20210613013311/https://www.bizjournals.com/sanfrancisco/news/2021/06/10/covid-19-stanford-ocean-biomedical-ace2.html . 2021-06-13 . 2021-06-29 . www.bizjournals.com.
  13. Web site: SEC . Ocean Biomedical, Inc. IPO Investment Prospectus S-1 . 2021-07-13 . SEC.report . en.
  14. Web site: New Generation Power LLC: Company Profile. Bloomberg.
  15. Web site: Three Companies You've Never Heard Of That Will Truly Change The World. Nicolas. Cole. 9 June 2017. Huffington Post.
  16. Web site: These 3 Power Brokers Will Transform the Future of Energy (1 of Them Is Elon Musk) . Inc. Magazine.
  17. Web site: Cole. Nicolas. 2017-06-12. These 3 Power Brokers Will Transform the Future of Energy (1 of Them Is Elon Musk). 2021-07-15. Inc.com. en.
  18. Web site: The University of the Virgin Islands Announces $30 Million Gift for the Development of a Medical School. 2021-07-15. www.uvi.edu. en.
  19. Web site: Jaunt Air Mobility To Join AIRO Group . AVweb . 2021-10-13 . 2021-11-09.
  20. Web site: StackPath . StackPath . 2021-11-09.
  21. Web site: Alcock . Charles . Jaunt Boosts eVTOL Plans by Merging with Airo Group . Aviation International News . 2021-10-11 . 2021-11-09.
  22. Web site: CAPA . News for Airlines, Airports and the Aviation Industry . 2021-11-09.
  23. Web site: Goldstein . Ben . Jaunt Air Mobility Agrees To Join AIRO Group . Aviation Week Network . 2021-10-11 . 2021-11-09.
  24. Web site: Alcock . Charles . Jaunt To Merge with Airo and Go Public with Wall Street Listing . FutureFlight . 2021-10-11 . 2021-11-09.
  25. Web site: 2022-08-17 . AIRO Group gears up for initial public offering . 2023-02-07 . www.aopa.org.
  26. Web site: 2022-08-18 . AIRO Group, parent company of Jaunt, prepares for IPO . 2023-02-07 . TransportUP . en.
  27. Web site: Alcock . Charles . August 15, 2022 . Air Mobility Airo Group Prepares for Initial Public Offering . 2023-02-07 . FutureFlight . en-US.
  28. Web site: Chirinjeev Kathuria: "If You Fail, Learn From It". The Sikh Times.
  29. Web site: The Tribune, Chandigarh, India - Editorial . 2023-02-05 . www.tribuneindia.com.
  30. Web site: Vote for a turban and a beard. 24 July 2003. The Economist.
  31. Web site: 20 June 2000 . Millionaire Hopes to Be First Tourist In Space . The New York Times.
  32. Web site: 25 August 2003 . Sikh bids for US history . BBC.
  33. Web site: Boudette . Neal E. . 16 June 2000 . Space Buffs Attempt to Make Their Mir Tourist Venture Fly . Wall Street Journal . www.wsj.com.
  34. Web site: Boudette . Neal E. . 12 October 2000 . MirCorp Announces IPO Plans As Interest in Outer Space Soars . Wall Street Journal . www.wsj.com.
  35. Web site: 17 May 2005 . Space partners plan flights in 2007 . https://web.archive.org/web/20131226111823/http://www.nbcnews.com/id/7879142/ns/technology_and_science-space/t/space-partners-plan-flights/ . dead . December 26, 2013 . NBC News.
  36. Web site: Canadian space flight dreams live on . CBC.
  37. Web site: Competition Heats Up for Space Station Cargo Contract . Space.com.
  38. Web site: 28 October 2008 . Boeing Joins PlanetSpace Space Station Resupply Bid Team . Space News.

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