TORONTO, May 30, 2014 /CNW/ - Lumira Capital, a leading healthcare
venture capital firm, announced today the formation of its CEO Advisory
Board and named five veteran executives from the pharmaceutical,
diagnostics and medical device industries as its founding members. The
board will provide strategic input into Lumira Capital's investment
strategy and due diligence and offer guidance and mentorship to the
management teams of the firm's portfolio companies. In 2013 Lumira
Capital held final closings on two new investment funds, Lumira Capital
II and the Merck Lumira Biosciences Fund, and currently manages over
$250 million of capital.
Named to the CEO Advisory Board were:
Maurice Ferré, M.D. - Former President and CEO, MAKO Surgical Corp.
Barry Fishman - Former President and CEO, Teva Canada
Paul Lucas - Former President and CEO, GlaxoSmithKline Canada
Thomas Wellner - Former President and CEO, CML HealthCare Inc. and
Theodore Witek, DrPH - Former President and CEO, Boehringer Ingelheim
Commenting on the CEO Advisory Board, Peter van der Velden, managing
general partner of Lumira Capital, noted: "We are very pleased to
welcome this group of accomplished healthcare executives to Lumira
Capital. We look forward to tapping into their collective experience
building successful companies and developing innovative products across
multiple sectors of the life sciences industry. We see immediate and
long term opportunities for this group to provide tactical and
strategic guidance to our existing portfolio companies, as well as the
opportunities to leverage the breadth and depth of their global
relationships with strategic partners, clinical opinion leaders,
regulatory authorities and healthcare payers in both our existing
portfolio and in new investment opportunities we are evaluating."
Biographies of the Lumira Capital CEO Advisory Board members follow
Maurice R. Ferré, M.D. - Former President and Chief Executive Officer,
MAKO Surgical Corp.
Dr. Maurice R. Ferré was the founding President and Chief Executive
Officer of MAKO Surgical Corp, serving from 2004 until the acquisition
of the company by Stryker Corp. for $1.7 billion in 2014.
In June 2007, Dr. Ferré received the Ernst & Young Entrepreneur of the
Year 2007 award for emerging companies in Florida. In 1993, he founded
Visualization Technology, Inc., a medical device company for
image-guided surgery, where he served as Chief Executive Officer until
2002 when the company was acquired by GE Healthcare, the healthcare
division of the General Electric Company. Dr. Ferré served as Vice
President of Strategic Development for GE Navigation, a Division of GE
Healthcare, until 2004.
Dr. Ferré holds an M.D. and a Master's degree in Public Health from
Barry Fishman - Former Chief Executive Officer and President, Teva
Mr. Fishman served as Chief Executive Officer and President of Teva
Canada from 2008-2013. Globally, Teva Pharmaceuticals is the world's
leading generic drug maker, employing approximately 45,000 and posting
$20.3 billion in net revenues in 2013. Mr. Fishman has over 25 years
of experience in the pharmaceutical industry.
Mr. Fishman started his pharmaceutical career at Eli Lilly, where he
advanced through several cross-functional leadership roles, including
Vice President of Marketing. He served as a Director at Markham
Stouffville Hospital Corporation and is an Advisor of Merus Labs
International Inc. He holds a Bachelor of Commerce with Great
Distinction from McGill University
Paul Lucas - Former President and CEO, GlaxoSmithKline Canada
Mr. Lucas served as President and CEO of GlaxoSmithKline Canada from
1994 until 2012, where he was responsible for all pharmaceutical
operations in Canada. During his time with GSK, he built the company
into a national leader, producing and shipping more than CAD $2 billion
worth of products, representing approximately 25% of the total Canadian
pharmaceutical market. Previous to joining Glaxo Canada in 1986, he
held progressive management positions at Eli Lilly Canada and McNeil
Mr. Lucas sits on the Board of Directors for the Ontario Genomic
Institute, was Chairman and member of the Board of Directors for TM
Bioscience, was on the Board of Directors of the Toronto Regional
Research Alliance and is the Chairman of Life Sciences Ontario. He
served in the past as Chairman of the Board of Directors of Canada's
Research-Based Pharmaceutical Companies (Rx&D)
He received his BSc (Honours) in Biology and Chemistry from Queen's
University, and obtained his Chartered Directors designation (CDir)
from the Directors College, a joint venture of McMaster University and
the Conference Board of Canada, in 2009.
Thomas Wellner - President and Chief Executive Officer of Revera
Mr. Wellner joined Revera, a leading provider of seniors' accommodation,
care and services, in March of 2014. Prior to joining Revera Mr.
Wellner was co-CEO of LifeLabs, Canada's largest laboratory services
company. In 2012, as CEO of CML Healthcare he led the company through
its $1.2 billion merger with LifeLabs. Prior to CML, Tom spent 20 years
with Eli Lilly & Company in a variety of senior operational and
strategic leadership roles in Canada, China, United States, Latin
America, Europe, and the United Kingdom.
Mr. Wellner sits on the Boards of Diamedica (DMA - TSX) and Life
Sciences Ontario (LSO - Industry Association). He is also on the Board
of Governors of Rothesay Netherwood School, a private Atlantic Canadian
boarding school. He has served on the editorial committee for
Pharmaceutical Marketing Europe and has led business cases at INSEAD
and Harvard Business School. Mr. Wellner is a graduate of the Queen's
University Bachelor of Science, with Honours in Life Sciences.
Dr. Theodore Witek - Former President and CEO, Boehringer Ingelheim
Dr. Witek was appointed President and CEO of Boehringer Ingelheim
(Canada) Ltd. in 2008 and was Head of the Prescription Medicine
business. Prior to his current role, Dr. Witek served as Managing
Director, Boehringer Ingelheim Portugal. During his tenure with
Boehringer Ingelheim beginning in 1983 he held various clinical
research positions, including Director of Respiratory and Immunology
Dr. Witek served on the Board of Directors of Canada's Research-Based
Pharmaceutical Companies (Rx&D) and was the Chair of the Health
Technology Assessment Committee. He was appointed to the Ontario Health
Innovation Council and is an Associate Professor at the University of
Toronto's Leslie Dan Faculty of Pharmacy. Dr. Witek is the author of
more than 100 scientific papers as well as several chapters and books.
Dr. Witek holds an MBA from Henley Management College in the UK, a
Doctor of Public Health from Columbia University and a Master of Public
Health from Yale University.
About Lumira Capital
Lumira Capital is a leading North American healthcare and life sciences
venture capital firm. Currently managing over $250 million, Lumira
Capital is an active investor that works closely with entrepreneurs
developing transformative therapeutics and medical technology
innovations. Previous Lumira Capital investments include Pharmasset
(acquired by Gilead Sciences), Ception Therapeutics (acquired by
Cephalon), Resonant Medical (acquired by Elekta), Morphotek (acquired
by Eisai), and Corus Pharma (acquired by Gilead Sciences), as well as
public companies such as MAKO Surgical (recently acquired by Stryker
Corp.), DepoMed and Ista Pharmaceuticals. Lumira Capital has partners
in Toronto, Montréal and Boston.
SOURCE: Lumira Capital
For further information:
Visit www.lumiracapital.com for more information.