Estabrook Ventures

Biography of the Founder -- Thomas Forest Farb

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Mr. Farb is currently Executive Director of the Trust for Science, Technology and Research, San Juan Puerto Rico.  From July 2008 to December 2010, he founded and was President of Estabrook Ventures, LLC providing interim management services, business plan development and angel investments to several medical companies. Mr. Farb is focusing on unmet needs in the pediatric area, converged products, healthcare quality and patient safety.

 

From 2006 to 2008, Mr. Farb was President & Chief Operating Officer of Indevus Pharmaceuticals (NASDAQ: IDEV), Lexington, MA, an $80 million revenue company developing and marketing pharmaceuticals and devices to urologists and endocrinologists. Mr. Farb implemented a strategy of utilizing its 100 person sales force to sell both drugs and devices to the same physician call points.

 

From 1998 to 2006, Mr. Farb participated in the private equity and venture capital industries.  In 2003 he co-founded and was Managing Director of the Boston- and Shanghai-based private equity firm, New America Partners, where he led several investments in China including in WuXi Pharmatechs (NYSE: WX) and co-led the establishment of a China-based joint venture fund with the City of Shanghai.  From 1998 to 2003 Mr. Farb was General Partner of the private equity firm, Summit Partners.  Summit has approximately 150 employees and $11 billion under management.

 

Previously, from 1994 to 1998, he was Senior Vice President and Chief Financial Officer of Interneuron Pharmaceuticals (NASDAQ: IPIC), a company developing and marketing drugs for central nervous system (CNS) indications, antimicrobicides (using combinatorial chemistry) and cancer therapeutics (using gene therapies). He was primarily responsible for the operations of the company during its rapid growth period to $75 million in revenues.

 

From 1990 to 1994, Mr. Farb was Vice President of Business Development and Chief Financial Officer of Cytyc Corporation (NASDAQ: CYTC), a diagnostics and device company focusing on women’s health, recently acquired by Hologic (NASDAQ: HOLX). While at Cytyc, the Company launched its ThinPrep device and he was instrumental in developing the business plan for an applied genomics colon cancer screening test which was spun out and subsequently went public (Exact Sciences, NASDAQ: EXAS).

 

Mr. Farb is or previously was a member of the following boards of directors, among others:

  • Asia-America Chamber of Commerce, Boston, MA;
  • Dana Farber Cancer Institute, Visiting Committee, Boston, MA;
  • Fair Isaac (NYSE:FIC), Minneapolis, MN, software for mortgage credit scoring and risk management;
  • HNC Software (NASD: HNCS),  San Diego, CA, a real-time analytics company focusing on credit card and insurance fraud (acquired by Fair Isaac);
  • Redwood Trust (NYSE: RWT), Mill Valley, CA,  real estate investment trust;
  • Saf-T-Med, Chicago, IL, producer of medical safety syringes (sold to Becton Dickinson);
  • Symon Communications, Plano, TX, manufacturer of messaging and alerting systems;
  • Zencheng Power Corporation, Guangzhou, China, an electric power plant.

Mr. Farb graduated with a B.A. from Harvard College, 1980 and lives in Concord, Massachusetts.

Founded by Thomas Forest Farb, 1050 Winter Street, Suite 1000, Waltham, MA 02451 Telephone: 978.201.9081

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