Frederick A Middleton, Jr

Fred Middleton has over thirty years experience in the biotechnology and biomedical industries in both corporate management and as a new venture investor. Mr. Middleton joined Dr. McNeil in 1987 as a General Partner of Sanderling. Since 1987, Mr. Middleton has worked on venture capital investments and the corporate development of early-stage biomedical companies. In 1978, Mr. Middleton joined Bob Swanson and Herb Boyer, the founders of biotechnology pioneer Genentech, Inc., as the third member of original management team, where he served in various capacities, including Vice President of Finance, Administration, Corporate Development, Chief Financial Officer, and as President of Genentech Development Corporation. While at Genentech, Mr. Middleton successfully completed over $200 million in corporate partnering and institutional funding transactions, including the Company's successful IPO in 1980. After Genentech, Mr. Middleton founded Morgan Stanley Ventures in 1984, serving as Managing General Partner of an institutional fund raised to sponsor R&D funding arrangements at leading technology companies in the biomedical sciences and information technology fields. Currently he serves as Chairman of the Boards of Stereotaxis, Inc., (NASDAQ: STXS), Cylene Pharmaceuticals, and Novocell, Inc., a stem cell therapy company, and as a board member of several additional life science companies. Since 1988 he has served on the boards of over twenty biomedical startup companies through his venture capital activities with Sanderling Ventures. Mr. Middleton earned his B.S. in chemistry from the Massachusetts Institute of Technology in 1971 and an M.B.A with distinction from Harvard Business School in 1973. He is also a Trustee of the Crystal Springs Uplands School and is a Founding Member of The Biotechnology Learning Center in San Mateo, California. Since 2007, he has also served as a member of the M.I.T. Corporation.