Owens & Minor taps former Thermo Fisher CCO Pesicak as prez, CEO | Personnel Moves – February 27, 2019

Owens & Minor CEO Pesicka

Owens & Minor (NYSE:OMI) said this month that it named former Thermo Fisher Scientific chief commercial officer Edward Pesicka as its new prez & CEO, effective March 4.

Pesicka will replace interim prez & CEO Robert Sledd, who will continue to serve as board chair, the Richmond, Va.-based company said.

Prior to his position as chief commercial officer, Pesicka served as CFO for divisions within Thermo Fisher Scientific, the company said. Before joining Thermo Fisher, Pesicka held corporate finance positions, including divisional CFO, at TRW.

“The board is extremely pleased to welcome Ed as the new CEO of Owens & Minor. Ed is a seasoned senior executive with a deep understanding of distribution, manufacturing and service within our industry. He also has a proven ability to lead performance improvement. During his time at Thermo Fisher Scientific, Ed was responsible for leading a portfolio of businesses focused on distribution, manufacturing and services. He demonstrated his sales and financial acumen and developed a reputation for providing outstanding customer service and driving strong financial results. We are pleased that our process resulted in identifying the ideal CEO,” Sledd said in a press release.

“After a thorough search and careful evaluation of candidates, the Board believes we have found the right leader with practical management and people development skills that align with our strategy. Furthermore, as a man of great integrity, Ed fits well with the Owens & Minor culture, making him an excellent fit for the role. We thank Bob for his willingness to step into the Interim CEO role and look forward to continuing to benefit from his wealth of experience as the chairman of our board,” search committee member & lead director Anne Marie Whittemore said in a prepared statement.

“I’m honored to be appointed to lead Owens & Minor, a company with a rich 137-year history of serving the healthcare industry and providing customers with the solutions they need to deliver exceptional patient care. I am committed to uncovering practical and innovative ways of improving the customer experience and driving value for shareholders. I look forward to working alongside our talented teammates and, together, furthering our mission of serving the healthcare industry across the continuum of care with integrity, dedication, innovation and passion,” Pesicka said in a prepared release.

 McGinley Orthopedics appoints ex-Xtant Medical head O’Connell as CEO

McGinley Orthopedics said earlier this month that it appointed former Xtant Medical (NYSE:XTNT) CEO Carl O’Connell as its new chief exec, effective February 4.

Prior to joining Xtant Medical, O’Connell served as extremities global marketing VP for Wright Medical (NSDQ:WMGI). O’Connell has also held positions with Stryker (NYSE:SYK), Carl Zeiss Meditec and Hudson Healthcare Partners, Casper, Wyo.-based McGinley said.

“We are proud to announce Carl O’Connell as our new CEO. With his extensive leadership in the medical device industry and commercialization expertise, we are confident he is the right choice to lead McGinley Orthopedics to new levels of growth and success. Carl has served as an advisor to the company for the last 5 years, and we share his enthusiasm for the outlook of the company,” co-founder Dr. Joseph McGinley said in a prepared statement.

“I am excited to lead what has the potential to be a world-class organization and a considerable competitor and innovator in the market. The company has exciting patented technology that will significantly improve safety and surgical outcomes. I look forward to expanding upon our recent successes and continuing to establish the strategic course to take McGinley Orthopedics to the next level,” O’Connel said in a press release.

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 Cirtronics lifts COO Patterson to prez & CEO

Contract manufacturing firm Cirtronics said last week that it is lifting current COO Dave Patterson to the position of prez & CEO, with founder and former CEO Gerardine Ferlins staying with the company as chief governance officer and board chair.

Patterson joined Cirtronics in 2010 as global sourcing director and become COO in 2012, the Milford, N.H.-based company said.

“Dave has been an integral part of the Cirtronics leadership team for the last eight years. With his steadfast commitment to the culture of Cirtronics and his years of operational experience, he is well equipped to take on his new role,” Ferlins said in a press release.

“I am humbled and very proud to be part of such a great organization. We are an organization led by a purpose – to be an example of how a company can serve society in an ethical and productive way. I look forward to taking the next steps in this journey together with the whole Cirtronics team,” Patterson said in prepared remarks.

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 Surmodics promotes corp dev & strategy VP Arens to CFO

Surmodics (NSDQ:SRDX) said earlier this month that it is promoting corporate development & strategy VP Timothy Arens to the position of CFO, effective immediately.

Arens has been serving as interim CFO since May 2018 following the departure of Andrew LaFrence, the Eden Prairie, Minn.-based company said.

“Tim has been an impressive partner to me and an invaluable contributor to our management team and Surmodics’ success during the past eight years. I am personally delighted that he has been formally appointed to the role. Tim’s excellent financial, operational and strategic skills and strong leadership are ideally suited to his new role as we continue to drive our strategic initiatives and financial goals of consistent and profitable long-term growth,” prez & CEO Gary Maharaj said in a press release.

“I am excited to work with a group of dedicated and talented colleagues to accelerate our strategic transformation while continuing to deliver on our operating commitments. Surmodics is well-positioned to execute on our strategic initiatives including the development of highly innovative products that benefit patients. I am looking forward to being part of that journey,” Arens said in prepared remarks.

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 Magnolia Medical taps Lehr as IP special counsel

Magnolia Medical Technologies said earlier this month that it named Matthew Lehr as its new intellectual property special counsel.

Prior to joining Seattle-based Magnolia, Lehr served as head of the IP litigation department at law firm Davis Polk & Wardwell.

“Intellectual property is a critical asset for any innovative medical device company that invests heavily to develop new technologies that drive important paradigm shifts in medicine. In our case, we have invested well over a decade along with significant resources to create the category known as initial specimen diversion to significantly improve sepsis testing accuracy. We will benefit from Matt’s expertise and active participation as we continue to drive hospital adoption of our Steripath platform to prevent blood culture contamination,” CEO Greg Bullington said in a prepared statement.

“I am pleased to work with Magnolia as they commercialize and protect their groundbreaking technologies, which directly improve the quality of care for patients. The company has built an extensive and broad intellectual property foundation that will allow them to maintain appropriate protection in numerous medical device categories in the years to come,” Lehr said in a prepared release.

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GT Medical lands $10m Series A for IsoRay’s GammaTile

GT MedicalGT Medical Technologies said today that it landed a $10 million Series A round for the GammaTile brachytherapy it co-developed with IsoRay (NYSE:ISR) to treat brain tumors.

Richland, Wash.-based IsoRay and the Barrow Neurological Institute formed GT Medical to develop the technology to embed Cesium-131 brachytherapy seeds in collagen tiles to treat malignant meningioma, according to regulatory filings, inking a formal co-development deal in March 2017. By January of the following year the deal had expanded to include an exclusive, 10-year manufacturing & supply pact for GammaTile. In July 2018 GammaTile won 510(k) clearance from the FDA.

Today GT Medical said proceeds from the Series A round, led by MedTech Venture Partners with participation from BlueStone Venture Partners, are earmarked for further GammaTile commercialization. The device is already under limited release.

“GammaTile Therapy was developed by a team of brain tumor specialists who were running out of options for their patients. Their urgency to find a viable solution for these patients led to the creation of GammaTile Therapy, which is designed to be immediate, safe, predictable, and effective,” GT Medical president & CEO Matthew Likens said in prepared remarks. “With this funding, in addition to adding seasoned industry executives to our team, we look forward to building and expanding our commercialization efforts so that we can offer this new option to patients at brain tumor treatment centers across the United States.”

“GT MedTech’s mission is in line with our investment goal of supporting innovative technologies that address unmet needs in vital disease areas,” added MedTech Venture managing director and partner Radu Cautis. “We are enthusiastic about the potential of GammaTile Therapy to address the shortcomings of current treatments and elevate the standard of care for patients with brain tumors.”

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Sanuwave confirms acting CEO Richardson as company head | Personnel Moves – December 12, 2018

Sanuwave CEO Kevin Richardson

Sanuwave said late last month that it lifted acting CEO and board chair Kevin Richardson to a permanent position in the corner office.

Richardson joined the Suwanee, Ga.-based company in 2009 as board chair, and has served as acting CEO since 2014. He also served as managing partner of investment management firm Prides Capital from 2004 to September 2018.

Sanuwave said that Richardson took over as the permanent CEO as of November 30, and that he will continue to serve as board chair alongside his new position heading the company, according to an SEC filing.

 Common Sensing lifts Schmid to CEO, White to board chair

Common Sensing said late last month it lifted COO and board member Kevin Schmid to the role of CEO, and that it appointed co-founder James White as its board chair.

Prior to joining Common Sensing, Schmid held “pivotal roles” at Insulet (NSDQ:PODD), Bose, JDS Uniphase and the Stevanato Group and served as a board member for Sorrel Medical.

“Kevin’s appointment to the chief executive role puts Common Sensing in a very strong position to scale Gocap injector monitoring platforms for insulin and beyond. As we transition from pilot level to commercial level operations over the next year, Kevin’s transformative leadership of the talented and growing Common Sensing team will evolve and drive the execution of our go-to-market strategies for our patented dose sensing technology. Our goal is to provide a smart dose sensing platform for patients, health care providers and payers to embrace injectable medicines for home use,” White said in a prepared statement.

During his time with Insulet, Schmid aided in the development, industrialization and commercialization of wearable, smart drug delivery pumps, Cambridge, Mass.-based Common Sensing said.

Common Sensing said that Schmid will lead top-level strategy, expansion and investor relations, while prez and co-founder Richard Whalley will focus on clinical, quality and regulatory functions.

“We are well underway with the development of our high performance, scalable, and commercial Gen 2 Gocap platform. This, combined with insightful user data from existing studies and patients, lays the foundation for Gocap technology to make a tremendous impact on wireless integrated health care. Gocap is an easy-to-use, cost-effective dose monitoring and reporting solution which will be accessible to millions of self-injecting patients,” Schmid said in a press release.

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 Glympse Bio appoints former Bristol-Myers exec Loew as prez & CEO

Glympse Bio said early this month that it appointed former Bristol-Myers Squibb (NYSE:BMY) exec Dr. Caroline Loew as its new prez & CEO.

Most recently, Loew served as R&D, strategy and planning VP at Bristol-Myers Squibb, the Cambridge, Mass.-based company said. She has also held senior roles with Merck and PhRMA, leading teams in drug development ,regulatory policy, market access and commercial fronts, Glympse Bio said.

“I’m excited to join Glympse and work alongside the exceptional and dedicated team here. Glympse’s powerful, tunable platform technology has the ability to transform how we detect and manage disease, and help both improve and save patients’ lives. I’m looking forward to building the company and fully realizing the potential of this platform for patients,” Loew said in a press release.

In connection with the appointment, Loew will also join Glympse Bio’s board of directors, which the company said it recently expanded. The expansion includes that appointment of co-founder Dr. Sangeeta Bhatia as head of the scientific advisory board and the appointment of Stanley Lapidus as board chair and Robert Langer as a board member.

“Caroline is an outstanding leader who brings a wealth of experience in life sciences, and we are thrilled she is joining Glympse. She is recognized for her acumen and operational execution, her ability to build talented teams and lead organizations, and for strategic development and commercialization of important products that change patients’ lives. We are also fortunate to have Sangeeta’s continuing scientific and clinical leadership on the Scientific Advisory Board,” board member & LS Polaris Innovation Fund partner Amy Schulman said in a prepared release.

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 NovaDip Biosciences taps former Argos CEO Abbey as chief exec

Regenerative medicine company Novadip Bioscences said today that it named former Argos Therapeutics prez & CEO Jeff Abbey as its new CEO, succeeding Jean-François Pollet.

Abbey spent 15 years at immuno-oncology cell therapy company Argos Therapeutics, holding the position of president and CEO during the past eight years, Belgium-based Novadip said. During his time with Argos, Abbey guided the company through a phase 3 trial and helped raise $250 million in equity financings which included an initial public offering.

“With his extensive experience in cell therapy combined with his expertise in equity financing, business development and strategy, Jeff possesses the skills necessary to lead Novadip through the next phases of its development. The board is highly confident that Jeff’s wealth of international experience and proven leadership will help Novadip in its mission to become a leading regenerative medicine company. As the founding CEO, Jean-François Pollet, along with co-founder and CSO, Denis Dufrane, has led Novadip through a number of important milestones and positioned the company in a strong position to succeed. The board would like to express its gratitude to Jean-François Pollet,” board chair Eric Pâques said in a prepared statement.

Novadip is developing an autologous three-dimensional cell therapy that is currently being studied in a phase I/IIa trial in spinal fusion patients, the company said. It added that it recently launched a second clinical program looking to enroll patients with non-healing bone fractures and that it is developing a regenerative skin product based on its cell therapy platform.

“I am excited to have the opportunity to join Novadip The technology platform and portfolio of products the company is developing offer tremendous opportunities to provide unique solutions to patients with catastrophic conditions in the fields of bone disease and skin regeneration. I look forward to working with the founders and the outstanding team of Novadip to bring truly innovative therapies to market and build a preeminent biotechnology company,” Abbey said in a press release.

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 Owens & Minor lifts interim CFO Snead to permanent chief finance officer position

Owens & Minor (NYSE:OMI) said today that it lifted interim CFO Robert Snead into a permanent role as chief financial officer and exec VP, effective December 6.

Snead has served as interim CFO since June, and will continue to report to board chair and interim prez & CEO Robert Sledd, the Richmond, Va.-based company said. He joined Owens & Minor in 2010 as corp dev VP and has held positions including treasurer and global solutions strategic biz unit finance group VP, the company added.

Prior to joining Owens & Minor, Snead served as Barclays Capital M&A group director in New York, the company said.

“We are very pleased Robert is taking on this important, strategic role for Owens & Minor. Robert’s eight years of service to Owens & Minor in a variety of finance and strategy roles have prepared him well for this leadership position. He brings valuable experience in working with the investor community, providing disciplined financial management oversight, and partnering with other leaders to help drive operating efficiency and profitability. Without question, Robert is the right choice for Owens & Minor as we prepare for the future,” board chair and interim prez & CEO Sledd said in a press release.

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