UNIQUE BLEND OF SENIOR OPERATING EXECUTIVE & VENTURE/COMMERCIALIZATION
25+ years of experience in the health sciences field (medical products, biotech, health IT), spanning start-ups to giants, across all phases of business and product lifecycles, and across several product verticals. These experiences have created a unique combination of operational, financial, commercial, technical, and organizational know-how that can be applied to create value in virtually any situation, from corporate senior leadership, to mid-market growth opportunities, to turning intellectual property and financial assets into value-creation engines,
My current focus is on executive leadership and advisory/consulting roles that leverage my broad experience and expertise in the business of health sciences to start, grow, or turn around businesses in those fields.
Background:
+ Track record of turning around and “moving the numbers” for a variety of businesses/situations.
+ 17 years of corporate success, culminating in a VP/Site Manager/Corporate Officer role at Roche.
+ 8 years as a C-level executive & consultant in early-stage ventures & venture financing.
+ Experience across several market segments including in-vitro diagnostics (primarily point of care), orthopedics, patient monitoring, surgical tools, and emergent/critical care, as well as health IT and life science research tools/reagents.
Specialties:
+ Executive leadership
+ Strategy formulation, translation to execution
+ Innovation commercialization
+ Building high-performing teams
+ Due diligence
+ Advisory roles, Coaching, Board of Directors
+ Financial management
+ Product development
+ Clinical/economic outcomes trials
+ Capital formation
+ Organizational development
+ Structuring, staffing, aligning, & orchestrating
+ Turnarounds, Growth, Change management
+ Partnerships & collaborations
Founder/President @ Consulting practice focused on commercializing medical/health innovations and guiding ventures to launch, growth, turnaround, and/or exit, as well as occasional Fortune 500 and investor engagements. Learn more at www.bluemarblemedical.com. Engagement highlights:
Long-term projects/C-level roles
+ Interim CEO, 3R (Alzheimer's Dx) (current)
+ Team Member, AMB Surgical II (scoliosis/x-fix) (current)
+ Adviser > Interim CFO > CFO > CEO, NovoSource (ortho - total joints)
+ EIR/Fund Manager, DDC/Dayton Region Signature Fund
+ COO, Diagnotes (Health IT secure communications)
+ President & COO > President & CEO, SonarMed (critical care respiratory device)
+ GM, TriMas/DewTech (M&A growth strategy in CMO - spine/trauma)
+ COO > CEO, SpheroSense (IVD/research platform - microcavity surface plasmon resonance)
Board/Advisory roles
+ Epic Extremity LLC (ortho: foot & ankle) (current)
+ Cientive Group LLC (systems engineering/health IT) (current)
+ GeniPhys (regenerative medicine) (current)
+ Algaeon (algae bioproduction/nutritional supplementation)
+ Jinsitec (patient Rx compliance)
Short-term projects
+ Deal diligence for Venture Capital, Investment Banking, and Angel groups
+ Supply chain & strategic partnering negotiations (aural protection)
+ Manufacturing site strategy project (neurostim giant)
+ Bus. dev. (ortho/sports medicine CMO)
+ Executive coaching (IVD start-up)
+ Medtech venture pivot assessment (Dx)
+ Commercialization strategy (Western blot device)
+ Commercialization strategy (Sympathetic nerve activity tech)
+ Commercialization strategy (Epigenetic cancer Dx)
+ Commercialization strategy (Robotic needle guidance)
+ Commercialization strategy (fluoro-free catheter tracker)
+ Costing system build (IVD start-up)
+ Order-to-cash process optimization (IVD mid-size)
+ Regulatory strategy (3-D neuroendoscope)
+ Expert witness, medical device product liability From 2007 to Present (8 years) United StatesAdjunct Professor @ Adjunct professor in the nationally ranked UD Entrepreneurship Program teaching entrepreneurial finance and introduction to entrepreneurship. Learn more at https://www.udayton.edu/business/learn/undergraduate/major_entrepreneurship.php. From December 2013 to Present (2 years 1 month) Member of the Board of Directors @ From 2009 to Present (6 years) CEO, Board Member @ NovoSource brought value-priced orthopedic implants, paired with paradigm changes in how the OR is managed for orthopedic procedures, to the market using a novel business model.
Adviser, April 2012 - July 2012
Interim CFO, July 2012 - October 2012
CFO & Secretary October 2012 - April 2014
Member of the Board of Directors, March 2014 - July 2015
Turnaround CEO April 2014 - July 2015 From October 2012 to July 2015 (2 years 10 months) Entrepreneur In Residence @ Responsible for building and managing the Dayton Region Signature Fund's medtech/biotech/health IT deal funnel and investment portfolio, as well as ongoing coaching, mentoring, and assistance for portfolio and investment candidate companies. Learn more at www.daytonregion.com From February 2012 to January 2013 (1 year) President & CEO, Board Member @ SonarMed is an early-stage medical device company commercializing the SonarMed AirWave, based on technology licensed from Purdue University. This device monitors endotracheal intubation status to support reducing costs of care and improving patient outcomes. Learn more at www.sonarmed.com. From October 2008 to May 2012 (3 years 8 months) General Manager @ Drove an M&A growth strategy in orthopedics/spine. From 2008 to 2008 (less than a year) Vice President, Operations; Site Manager; Corporate Officer RDO @ Held a variety of positions within Boehringer Mannheim/Roche organizations as the company grew and prospered. Key player in the growth and success of the AccuChek Advantage product line as well as the turnaround of the Applied Science operations in the U.S. Roles included:
+ VP Operations & Site Manager, Applied Science, and Corporate Officer, Roche Dx Ops Inc.
+ Director Process Improvement (engineering and product lifecycle management)
+ Project Leader (factory build in Ponce, Puerto Rico)
+ Manufacturing Strategy Principal
+ Manufacturing Manager
+ Engineering Manager From May 1994 to August 2007 (13 years 4 months) Indianapolis, Indiana AreaProject Manager @ Led a development lab, then led new product developments in the point-of-care field (women's health and infectious diseases). From 1990 to 1994 (4 years) Greater Chicago AreaPlant Engineer @ Plant engineering responsibility for five petrochemical units, distribution (rail car operations), and waste water treatment. From 1987 to 1990 (3 years) Baton Rouge, Louisiana Area
MSE, Biomechanics, Alt. Energy, Technology Management @ University of Michigan From 1986 to 1987 BSME, Energy conversion, thermo/fluidics @ The Ohio State University From 1982 to 1986 Executive Management Programme (Boehringer Mannheim) @ Cranfield University - Cranfield School of ManagementRoche Horizons Program @ London Business School Andrew Cothrel is skilled in: Start-ups, Strategy, Medical Devices, Entrepreneurship, Business Planning, Product Development, Strategic Planning, Commercialization, Executive Management, Business Development, Venture Capital, Leadership, Team Building, Organizational Development, FDA
Websites:
http://www.bluemarblemedical.com