A former entrepreneur and practicing physician, Steve knows firsthand the challenges of building successful healthcare companies. Unfazed by the complexity in healthcare, whether regulatory, scientific or technical, Steve's mission at Canaan is to find companies that make healthcare delivery more efficient.
As executive chairman, Steve helped Advanced BioHealing (ABH), a leader in regenerative medicine, grow from a seed-stage company to a $750M all-cash acquisition by Shire, generating a 15X return for Canaan. He currently serves on the boards of companies in Healthcare IT (Truveris, DICOM Grid, and Axial Exchange); BioPharma (Envisia, Liquidia, and Marinus Pharmaceuticals); Medical Devices (Mitraspan); and Diagnostics (Sample6).
Stephen's first investment at Canaan, Amicus Therapeutics (NASDAQ: FOLD), creates oral therapies to correct genetic diseases where misfolded proteins are culprit. Since Canaan invested, Amicus's lead program in Fabry's Disease has progressed into phase 3 clinical trials in partnership with GlaxoSmithKline.
Before joining Canaan in 2002, Stephen founded Radiology Management Sciences (RMS), a pioneer in managing radiology benefits for health plans where he was CEO for 6 years. Stephen helped start OmniSonics Medical Technologies, which engineered novel ultrasonic catheters for treating vascular occlusive disease and co-founded TeleRad, an early teleradiology services company. Prior to embarking on start-ups, Stephen was a strategic consultant for Arthur D. Little, a global consulting firm.
Education, Personal, and Fellowship
Stephen received his medical training in radiology at Massachusetts General Hospital/Harvard Medical School and in internal medicine at Lenox Hill Hospital/Cornell Medical School. He earned his medical degree from the University of Rochester, an MA in the history of science and public policy from Harvard University, and an AB degree from Dartmouth College.
As a member of Fellows Class 7, Stephen served his fellowship under mentor Seth Rudnick at Canaan Partners. He was also a mentor to John Pacifico, Class 12.