BLACKCOMB ADVISORS LLC

 


Frank D. Stonebanks, Founder and Managing Partner


Twenty-five years of executive operational, investment and fund formation experience in biotech, pharma, med tech, drug delivery & HCIT, including executive management, fund and deal structuring, negotiating, domestic & global marketing, L&A, finance, sales, venture capital investing & senior advisory. Mr. Stonebanks is a seasoned investor and operator, having been an LP, GP, 2x founder and 3x company CEO.


Mr. Stonebanks is currently Founder and Managing Partner of Blackcomb Advisors.


Mr. Stonebanks was previously a Senior Advisor at NovaQuest Capital Management. NovaQuest is a $2 billion private equity fund specializing in large ($50 mm +) structured risk sharing deals with biopharma. 


Mr. Stonebanks also donates part of his time as an EIR (Executive in Residence) at the University of California San Diego (UCSD); his expertise and guidance help UCSD develop commercialization strategies, expand the connectivity between the school and the external innovation ecosystem, innovate new business models, judge business plan competitions, and guide the creation of new companies around campus innovations. 


Mr. Stonebanks was previously a Venture Partner at Lumira Capital Management, one of Canada’s leading healthcare venture capital firms.


Mr. Stonebanks was previously Founder, President, CEO, General Partner and Board Member of Triphase LP, a biotech focused fund and operating company, where he raised $75 mm of non-dilutive cash, signed a $1 billion partnership with Celgene Corporation in a 3 product Option deal, and acquired 2 biopharma products in an asset purchase and global licensing deal. Celgene announced Nov. 18, 2016 it exercised its Option to purchase the lead asset from the partnership.

Mr. Stonebanks previously served as the Chief Commercial Officer for the Ontario Institute for Cancer Research (OICR), where he was part of the Senior Management Team responsible for corporate partnering, managing their investment fund, and monetizing the institute’s intellectual property. He completed 7 equity and convertible debt investments, including 3 new co spinouts and one asset sale to a strategic investor for $300 mm.


Previously Mr. Stonebanks was CEO and Board Member of Cynvec, an early stage biotech company focused on cancer, where he raised > $20 mm and advanced the technology to IND filing.


Prior to becoming Cynvec’s CEO, Mr. Stonebanks was a Senior Advisor for IBM, leading their global healthcare & life science M&A efforts and advising the company on its healthcare and life science strategy, which included the $4.9 billion acquisition of Cognos. Mr. Stonebanks co-managed their $500 mm venture fund, an LP in more than 30 venture capital firms globally and led their direct minority equity investment program.


Prior to IBM Mr. Stonebanks was Vice President and GM at Centocor and Johnson & Johnson, where he was head of global marketing for oncology and infectious diseases, a VP at JJDC, J&J’s corporate venture arm, and also Co-Founder of J&J Internal Ventures, a JJDC subsidiary that focused on creating value around internal IP; he was also Founder, CEO and Board Member of the Macroflux® Corporation (now Zosano Pharma: NASDAQ: ZSAN), a J&J corporate spinoff, that raised $90 mm in equity and debt financing via private equity investment. He also advised J&J on the $2.9 billion acquisition of Scios.


Mr. Stonebanks has completed more than two dozen deals in the public and private sector ranging in size from $2 mm to $5B, facilitated the acceleration of new products and led domestic and global launches and commercial strategy for the last 23 years across multiple therapeutic areas, holding senior posts at Hoechst Marion Roussel, Rhone Poulenc Rorer (Aventis), Nabi Biopharmaceuticals, Johnson & Johnson, IBM and the OICR in the areas executive leadership, mergers and acquisitions, venture investing, business & corporate development, domestic and global marketing, general management and senior advisory.

Mr. Stonebanks completed his undergraduate degree in Exercise Physiology at the University of Victoria, B.C., Canada and his M.B.A. in Pharmaceutical Marketing at St. Joseph’s University in Philadelphia. Mr. Stonebanks also holds a diploma from the Amos Tuck School of Business Administration (Dartmouth) in Pharmaceutical Marketing.


He is also a member and active investor in Life Science Angels (LSA), the top ranked angel investment group in life sciences in the United States. He also donates his time as an Adviser and lecturer to the Rady Graduate Business School at UCSD, an Advisor to the USC (University of Southern California) Coulter Investment Committee and the Milken Foundation Scholars Program, where he is a mentor to promising young students.