Michelle_Dipp

Michelle Dipp

Michelle Dipp

American scientist, businesswoman and investor

Michelle Dipp is an American scientist, businesswoman, and investor. She is the co-founder and a managing partner at Biospring Partners and serves on the board of Abzena and Kiniciti.[2]

Quick Facts Education, Alma mater ...

Early life and education

Michelle Dipp was raised in El Paso, Texas.[3] Her mother was a nurse in the ER and her father was a businessman.[4]

Dipp attended Loretto Academy, where she graduated in 1994.[5] She graduated with a bachelor's degree, an M.D., and a Ph.D. in physiology from Oxford University.[4][6]

Career

After graduation, Dipp moved to Boston, Massachusetts. In 2005, she began working at Sirtris Pharmaceuticals, a startup that created drugs that were meant to slow aging and protect against degenerative diseases related to aging. The company researched and tested activators of sirtuin, such as resveratrol formulations.[3][7] In 2008, she became vice president of corporate development at Sirtris Pharmaceuticals.[4][8]

Sirtris was purchased and made a subsidiary of GlaxoSmithKline in 2008.[9] At GlaxoSmithKline, Dipp became the head of their Center of Excellence for External Drug Discovery.[6]

2008–2010

In 2008, Dipp worked with Christoph Westphal, Richard Aldrich, and Alexey Margolin to found Alnara Pharmaceuticals, which was created to develop ways to formulate biopharmaceuticals so they could be taken by mouth, instead of by injection.[10]

In February 2010, Dipp, Westphal, and Aldrich formed a new venture fund called Longwood Founders Fund. In August 2010, the Longwood team co-founded VeraStem by providing seed funding and office space its offices; Verastem aimed to isolate cancer stem cells and then discover drugs that would selectively kill them. The company held its IPO in 2012.[11]

2015–2020

In January 2015 Longwood and Dipp helped found Flex Pharma[12] In November 2016 Dipp and Longwood helped launch Axial Biotherapeutics where she took a board seat.[13] In October 2017 Dipp became the Managing Director at General Atlantic,[14][12] a global growth equity firm based in New York City. Michelle launched their first life sciences investment platform and served as a member of the life sciences investment committee while at General Atlantic. Michelle served as a Board Observer for Ginkgo BioWorks and as a board member for PathAI and Immunocore.[15]

In 2020, Dipp founded Biospring Partners with Jennifer Lum to conduct venture capital in the life sciences industry. Investments for Biospring Partners include funding for Abzena[16] who were subsequently selected to work on the antibody cocktail for COVID 19 treatment.[17] On June 30, 2020, the Securities and Exchange Commission announced that Michelle Dipp, a co-founder and former CEO of the now defunct OvaScience, Inc., agreed to settle fraud charges for misleading investors about the availability and commercial prospects for the company’s fertility treatments that were in development.[18]

Awards and honors

References

  1. [1]
    Dahl, Amanda (March 23, 2021). "Newly Engaged! Michelle Dipp & Bill Detwiler". STLtoday.com.
  2. [2]
    "Biospring Partners | Michelle Dipp". Biospring Partners.
  3. [3]
    Kolenc, Vic. "El Pasoan a star in biotech industry". El Paso Times.
  4. [4]
    "El Paso native on Fortune '40 under 40'".
  5. [5]
    Loretto Academy Alumnae Directory. El Paso, Texas: Harris Connect. 2010. p. 30.
  6. [6]
    "Michelle Dipp As the head of the U.S. for the Centre of Excellence for External Drug Discovery (CEEDD)".
  7. [7]
    Wade, Nicholas (August 17, 2009). "Tests Begin on Drugs That May Slow Aging – The New York Times". The New York Times.
  8. [8]
    "Dr. Michelle Dipp – Women in Biotech 2012". FierceBiotech. November 8, 2012.
  9. [9]
    Pollack, Andrew (April 23, 2008). "Glaxo to buy Sirtris, maker of a drug based on red wine". The New York Times.
  10. [10]
    Timmerman, Luke (October 30, 2008). "Alnara Pharmaceuticals Aims to Make Biotech Drugs You Can Swallow, And That Go Right Where They Belong".
  11. [11]
    "Xconomy: Verastem Switches CEOs as Westphal Steps Into Chairman Role". Xconomy. June 6, 2013.
  12. [12]
    "Michelle Dipp Joins General Atlantic as Managing Director". October 12, 2017.
  13. [13]
    "New Boston Biotech Axial Biotech Launches With $19.15 Million and Will be Helmed by AbbVie-GlaxoSmithKline Vet".
  14. [14]
    "Dr. Michelle Dipp Joins General Atlantic as Managing Director".
  15. [15]
    "PathAI Secures $60M in Series B Funding Led by General Atlantic and Existing Investor General Catalyst". www.businesswire.com. April 17, 2019.
  16. [16]
    Louch, Laura Cooper and William (July 28, 2020). "Biospring Partners Backs Drug Developer and Manufacturer Abzena". Wall Street Journal – via www.wsj.com.
  17. [17]
    "Abzena Selected by Immunome to Manufacture Antibody Cocktail for COVID-19 Treatment | Pharmaceutical Outsourcing – The Journal of Pharmaceutical & Biopharmaceutical Contract Services".
  18. [18]
    "SEC Charges Former Biotechnology Company CEO for Misleading Investors". SEC.gov. June 30, 2020. Retrieved August 31, 2022.
  19. [19]
    "40 under 40; Michelle Dipp-28". Fortune.com. 2015.
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