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Theis Terwey
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Theis Terwey

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At a glance

Full Name
PD Dr. med. Theis Terwey
Title
Founder and Managing Director, n.cour projects GmbH; angel investor
Firm
n.cour projects GmbH; Springboard Health Angels; Business Angels Club Berlin-Brandenburg
Firm Type
Angel investor / healthcare and life-sciences investment network
Investment Stage
Seed and early-stage, with prior public and private biopharma investing across all stages of pharmaceutical development
Target Company Profile
Science-driven healthcare, biotech, drug-development, and life-science companies with strong clinical or translational rationale
Sector Focus
Biotech, pharmaceuticals, drug development, health, oncology/cell therapy, psychiatric and neurological disorders
Geographic Focus
Europe, especially Germany/Berlin; Springboard Health Angels invests across Europe and the U.S.
Location
Berlin, Germany

Background

Theis Terwey is a Berlin-based physician, biotech entrepreneur, and angel investor. Creative Destruction Lab describes him as having more than 20 years of experience across academic medicine, drug development, biopharma investment, and company building. He holds a Doctor medicinae, specialist certification in internal medicine, and a Habilitation from Charité – University Medicine Berlin.

Terwey’s early career combined clinical medicine and research. Public biographical material from GH Research says he served in roles at NB Capital Research GmbH, first as Medical Advisor from 2009 to 2012 and then Managing Director from 2012 to 2015. He later became Partner at NB Capital ApS from 2015 to 2020, where the focus was public and private investments across pharmaceutical-development stages.

He co-founded GH Research, a Dublin-based clinical-stage biopharmaceutical company focused on mebufotenin therapies for psychiatric and neurological disorders. GH Research SEC filings state that he was a director from the company’s founding in 2018 to 2020 and served as CEO from May 2021 until September 2024. During his tenure, GH Research advanced through IPO and into Phase 2b clinical development; Creative Destruction Lab reports that the company raised more than $300 million across multiple rounds.

In September 2024, GH Research announced that Dr. Velichka “Villy” Valcheva succeeded Terwey as CEO. Since then, Terwey’s public investing profile has centered on angel and healthcare-network roles: Founder and Managing Director of n.cour projects GmbH, angel investor with Springboard Health Angels and Business Angels Club Berlin-Brandenburg, CDL-Berlin Health mentor, and advisor with SPARK-BIH.

Investment Thesis & Focus

  • Terwey appears to focus on companies where clinical development, mechanism, and commercial validation matter more than generic healthcare narratives.
  • His strongest documented domain is biopharma: academic medicine, internal medicine, oncology/hematology research, drug development, public/private pharmaceutical investing, and company building.
  • Through Springboard Health Angels, he is associated with a cross-border healthcare investor network focused on health-tech and life-science startups in Europe and the U.S.
  • His Captain T Cell comment shows how he evaluates biotech opportunities: he highlighted a “de-risked and commercially validated target,” convincing preclinical data, and a potentially superior approach versus marketed solid-tumor cell therapies.
  • His NB Capital background suggests comfort across the full biopharma lifecycle, from seed/private company formation to public markets and exits.
  • Avoid unsupported claims that “pharma will pay”; Springboard activity around Terwey’s network emphasizes that founders should map the specific pharma buyer, budget holder, and adoption path.

Notable Investments

  • GH Research PLC: Co-founder and former CEO of the NASDAQ-listed clinical-stage biopharmaceutical company developing mebufotenin therapies for treatment-resistant depression and other psychiatric/neurological disorders; SEC filings show Terwey held 6,423,900 ordinary shares around the 2021 IPO filing and later reported 1,784,266 shares as of September 30, 2025.
  • Captain T Cell: Berlin biotech developing next-generation TCR-T cell therapies for solid tumors; November 2025 financing provided total available funding of EUR 20 million, with Springboard Health Angels and Pluton Asset Holding AG as lead investors. Terwey was quoted in the release representing Pluton Asset Holding AG.
  • Forward Pharma A/S: Terwey served as senior advisor/consultant; CDL reports he contributed to Forward Pharma’s $235 million IPO and IP strategy that resulted in a $1.25 billion license agreement with Biogen.

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