Steve Weinstein
Venture Investor
Steve Weinstein
Venture Investor
Greater Boston
Overview
Work Experience
Managing Member
2018 - Current
• Consulting and advisory to medtech, biotech and digital health start-ups.
Chairman
2019
• Next generation intravascular cardiology imaging combining DeepOCT™ imaging, near infrared spectroscopy (NIRS), and AI-powered insights to optimize coronary stenting and better inform care.
Strategic Advisor
2019
• Clinical research and commercial translation strategy related to mental health, neuomodulation, addiction, and digital tools in clinical practice.
Product Development Review Council Member
2018
Council reviews oncology-focused grants of up to $20M/company.
Board Member
2021
CEO
2021 - 2023
• Joined as Independent Director. Became Interim CEO to build senior leadership team including CSO, CMO, and Data Science. Developed new R&D and clinical strategy. • Development stage prostate cancer prognostic for monitoring patients with low risk tumors (Active Surveillance)
Board Member
2021
Developing an ingestible drug/device which detects and reverses opioid overdose.
Consultant, Neuroscience Innovation
2021 - 2024
• Developed best practices recommendations for corporate innovation. • Evaluate technologies and manage projects that transform the treatment of neurological diseases including neuromuscular, precision psychiatry, and drug delivery.
Interim COO
2019 - 2020
• Non-Profit Microbiome Research Institute; Collect process, and commercial FMT for CDiff. • Oversaw clinical research (IIT studies), finance, regulatory, and operations.
Interim CEO and Board Member
2018 - 2019
Clinical stage hypertension medical device.
Managing Director, Novartis Venture Fund
2006 - 2018
• Managed $800M global portfolio as one of eight Managing Directors (four US MDs). Led Medtech portfolio. • Investment partner for all investment decisions across the fund globally. Mentored junior colleagues. • Sourced and invested across all therapeutic areas and modalities, including medical device, biotech, and digital. • Invested across all stages including company formation, preclinical, clinical, and commercial. • Led scientific, clinical, and financial diligence, and structured investments as lead investor. • Built syndicates up to $45M, with NVF investment up to $25M over the life of a company. • Played an integral role in portfolio company oversight: executive recruitment, clinical/commercial strategy, governance, financing events, and exit/acquisition business development and negotiation. • Developed fund best practices, related to diligence, portfolio management, and fund cash flow management. • Representative Board of Directors and portfolio engagement: Ablation Frontiers (cardiac Afib, acquired Medtronic), Autonomic Technologies (neuromodulation), Cavion (essential tremor, Acquired Jazz), Celladon (heart failure, IPO), Innocrin (oncology), Sonitus (hearing), Symetis (cardiovascular, acquired Boston Scientific), Viamet (antifungal/women’s health, acquired Novaquest), Visiogen (ophthalmology, acquired Abbott). • Recruited Entrepreneur-In-Residence and evaluated NewCo development in ophthalmology. Clinical areas including: anti-infectives, cardiology, diabetes, diagnostics, immunology, otology, ophthalmology, oncology, respiratory, and neuroscience.
Education
Investments
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