Entrepreneurs Working Together Birth Firms

Well-known on the local life sciences scene, Mary Del Brady, Peter DeComo and Raymond Vennare figure they have seen and been through just about everything while trying to get their tech companies -- 10 collectively -- off the ground.

Now they have linked up to launch another -- ThermalTherapeutics, a medical device firm developing a specialized pump for delivering chemotherapy more effectively.

Since Ms. Brady and Mr. DeComo also are busy leading their own firms -- Ms. Brady with RedPath Integrated Pathology and Mr. DeComo with Renal Solutions Inc. -- Mr. Vennare, formerly the chief executive officer of ImmunoSite, has taken the lead at ThermalTherapeutics.

As co-founders and "passive partners," Mr. DeComo and Ms. Brady have put their own money into the 6-month-old firm and used their connections and expertise in the life sciences industry to get ThermalTherapeutics up and running. Mr. Vennare has been actively raising money from outside investors.

Mr. DeComo said he and Ms. Brady will provide guidance and counseling. "I'll just be a sort of a co-founder that goes away as some do [eventually]."

The trio decided to join forces after a fourth co-founder, seasoned medical device engineer Michael Fausett, presented them with the opportunity more than six months ago. Currently based in Indiana, Dr. Fausett is serving as ThermalTherapeutics' chief technology officer -- and is busy perfecting a prototype for the company's maiden product.

Read more here. (Ohio Public Library Network)