Paul Schmitt

Paul Schmitt Email and Phone Number

Entrepreneur, Board Member,CEO,Venture CapitalNew Street Ventures LLC @
Paul Schmitt's Location
Bethlehem, Pennsylvania, United States, United States
Paul Schmitt's Contact Details

Paul Schmitt personal email

n/a
About Paul Schmitt

A seasoned board member, CEO and venture capitalist, Paul Schmitt has a 35 year track record of successfully building companies and commercializing complex, regulated life science technologies, primarily in collaboration with top tier universities and academic medical centers. As a venture capitalist and CEO, he has raised over $500 million in growth capital financings and has led numerous transactions including IPO's, mergers, acquisitions, divestitures, licenses and joint ventures. In 2016 Mr. Schmitt formed New Street Ventures LLC and has invested in Mureva, Cernostics Inc, and SurgeonCheck LLC .New Street Ventures also provides advisory services to entrepreneurs and Health Care Systems seeking acquisitions and strategic partners.Paul currently serves on the Board of Directors at Mureva, Gelmed Sciences, JBS Animal Health II (J.V.) and as an Advisor and investor in SurgeonCheck LLC. In 2017 Mr Schmitt was named a Trustee Emeritus of the Wistar Institute of Anatomy and Biology where he served on the Board of Trustees since 2002 with service including Chair of the Intellectual Property and Business Development Committee, Nominating and Governance Committee and Audit Committee.

Paul Schmitt's Current Company Details
New Street Ventures LLC

New Street Ventures Llc

Entrepreneur, Board Member,CEO,Venture CapitalNew Street Ventures LLC
Paul Schmitt Work Experience Details
  • New Street Ventures Llc
    Founder
    New Street Ventures Llc May 2016 - Present
    Bethlehem Pa
    New Street Ventures has invested in MuReva,SurgeonCheck LLC,Cernostics and Bellrock Intelligence. Mr Schmitt is an active advisor to these companies and serves on the Board of Directors at Bellrock Intelligence and MuReva and as an Advisor to SurgeonCheck.www.surgeoncheck.com www.bellrockintel.com www.cernostics.comNew Street Ventures also provides advisory services to healthcare systems and entrepreneurs seeking acquisitions and strategic partners.
  • Novitas Capital
    Managing Director
    Novitas Capital Jun 1999 - Aug 2018
    Bethlehem Pa
    Responsible for directing all Life Science investments:-Led investments of $32 Million into 9 Fund III (2003- 2017)Life Science startups which attracted over $400Million in follow on capital.-Co-led formation of Tetralogic Pharmaceuticals out of Princeton Univ in 2003. Birinipant considered best in class for inhibition of SMAC Mimetics to treat infectious diseases,hematologic malignancies and solid tumors. IPO on 11/22/13 and follow on financing totaled $106 Million. Served on Board of Directors and as Chairman of the Audit Committee 2003-2015.-Led B Round financing in Renal Soloutions in 2004. Recruited Renal Industry luminary,Don Joseph to Board of Directors. Company sold to Fresenius Medical for $250Million in 2007.-Founding investor in Amorcyte and CEO, 2010-2012. In conjunction with Scientific/Clinical Founder launched Phase II randomized, double blind clinical trial in severe AMI,established dominant IP position for use of autologous CD34+/CXCR4+ cells in cardiovascular disease,quantified reimbursement strategy and completed merger with Neostem (NASDAQ:NBS).
  • Cernostics Inc
    Chairman
    Cernostics Inc Jun 2013 - Jun 2018
    Bethlehem, Pennsylvania
  • Amorcyte
    President/Ceo
    Amorcyte 2010 - 2012
    Allendale Nj
    Representing Novitas, Mr. Schmitt was a founding investor and CEO of Amorcyte, a cardiovascular stem cell therapy company founded out of Hackensack University Medical Center and Progenitor Cell Therapy Inc. As CEO, Mr. Schmitt and the Scientific /Clinical founder, Dr. Andrew Pecora, launched a phase II randomized, double blind clinical study in severe AMI patients, established a dominant IP position for use of autologous CD34+/CXCR4+ cells in cardiovascular disease, quantified a reimbursement strategy and completed a merger with Neostem (NASDAQ:NBS).
  • Chrysalis International
    Chairman ,President,Ceo
    Chrysalis International 1995 - 1998
    Chief Executive Officer for Global CRO (NASDAQ:CRLS)providing transgenic, pre-clinical and clinical services to over 250 pharmaceutical and biotech clients in 23 countries.
  • Nextran (Dnx/Baxter Healtcare J.V.)
    President
    Nextran (Dnx/Baxter Healtcare J.V.) 1994 - 1995
    Princeton Nj
    Parallel to building Chrysalis, formed Nextran, a JV with Baxter Health Care and served as President and Board Member until its sale to Baxter in 1995. Nextran focused on utilizing DNX Corp. technology for genetically engineered swine as a source of blood substitutes and organs suitable for human transplant. Nextran completed the first successful ex-vivo transplants of genetically engineered pig livers to humans at Duke University in 1995.
  • Dnx Corporation
    President/Ceo
    Dnx Corporation 1988 - 1995
    Princeton Nj
    Recruited to DNX Corp. to lead a venture funded startup in development and commercialization of transgenic animal technologies licensed from Founders/Academic Partners at Princeton University and Ohio University. DNX completed a B Round financing and IPO in 1991 raising $56MM largely based on successes in genetically engineering swine as a source of human blood substitutes and organs for transplant into humans.DNX was also a leader in utilizing transgenic technologies as a pre-clinical service business to identify and validate new human genetic targets of disease emerging from worldwide genomic initiatives.The transgenic services business provided a platform to aquire and grow additional pre-clinical and Phase I II III clinical companies into a Global CRO with over 250 Biotech/Pharmaceutical industry clients in 23 countries and operating companies in Lyon(FR),Dusseldorf (HR), Zug(Switz.) , Haifa (IL), Czech Republic, Austin Texas and Scranton Pa.This business was renamed Chrysalis International in 1996 and sold to Phoenix International in 1999.DNX's organ transplant and blood substitute technologies were merged into a Joint Venture,Nextran with Baxter Health Care in 1994. Nextran successfully completed the first ex-vivo transplants of genetically engineered pig livers to humans at Duke University in 1995 and was acquired by Baxter shortly thereafter.
  • Biolectron
    President
    Biolectron 1986 - 1988
    Hackensack Nj
    Mr, Schmitt was recruited to this fully integrated orthopedic company to lead commercialization of Orthopak,an electronic bone growth stimulator for long bone fractures which had a distribution agreement with Bristol Myers/Zimmer. In addition ,he conceived and launched a clinical program for high risk fresh fractures.
  • Boc Group
    General Manager-Chief Executive, Ohmeda Dve
    Boc Group 1981 - 1986
    Orchard Park, Ny
    As Chief Executive and General Manager, Mr Schmitt was responsible for leading the transformation of a low growth,unprofitable medical anesthesia and respiratory therapy business into two high growth emergency medical and dental airway management businesses. Transformational Emergency Medical and Trauma products were developed in collaboration with Dr. Ron Stewart,Director of EMS for the University of Pittsburgh Medical Center/City of Pittsburgh.
  • Boc Group
    Director Strategic Planning-Health Care
    Boc Group 1980 - 1981
    Montvale Nj
  • Boc Group
    Group Finance Manager- Health Care
    Boc Group 1979 - 1980
    Montvale Nj
  • Nabisco Inc
    Financial Analyst To Assistant Divisional Controller
    Nabisco Inc 1974 - 1979
    World Headquarters, East Hanover Nj
    1974-75 Financial Management Training program1975-76 Financial Analyst-Planning and Budgets1976-77 Financial Analyst-Capital Expenditures1977-78 Assistant Controller- Food Services Division

Paul Schmitt Skills

Venture Capital Mergers And Acquisitions Start Ups Strategy Lifesciences Corporate Development Management Strategic Planning Business Strategy Commercialization Due Diligence Private Equity Entrepreneurship Capital Biotechnology Life Sciences Medical Devices Pharmaceutical Industry Business Development Strategic Partnerships Investor Relations Executive Management Healthcare Valuation Finance Growth Capital Drug Development Business Planning New Business Development Clinical Development Investments Financial Modeling Lbo Angel Investing Deal Sourcing Corporate Finance Cell Ipo Management Consulting Technology Transfer Mergers Private Placements Joint Ventures Competitive Analysis Capital Raising Leadership Marketing Strategy Product Development Portfolio Management

Paul Schmitt Education Details

Frequently Asked Questions about Paul Schmitt

What company does Paul Schmitt work for?

Paul Schmitt works for New Street Ventures Llc

What is Paul Schmitt's role at the current company?

Paul Schmitt's current role is Entrepreneur, Board Member,CEO,Venture CapitalNew Street Ventures LLC.

What is Paul Schmitt's email address?

Paul Schmitt's email address is ps****@****tal.com

What is Paul Schmitt's direct phone number?

Paul Schmitt's direct phone number is +161029*****

What schools did Paul Schmitt attend?

Paul Schmitt attended Lehigh University - College Of Business And Economics, Rutgers University - Newark.

What are some of Paul Schmitt's interests?

Paul Schmitt has interest in Children, Economic Empowerment, Education, Science And Technology, Health.

What skills is Paul Schmitt known for?

Paul Schmitt has skills like Venture Capital, Mergers And Acquisitions, Start Ups, Strategy, Lifesciences, Corporate Development, Management, Strategic Planning, Business Strategy, Commercialization, Due Diligence, Private Equity.

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