Team

Healthcare Investment Team


Dr Paul Kelly

Founding Partner
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Dr Paul Kelly

Founding Partner

Dr Paul Kelly is Founding Partner at OneVentures. Starting with his background as an Australian Physician, Paul has a long history of biotechnology entrepreneurship and healthcare investing, from developing innovation to commercialising at scale and realising substantial returns for investors.

Having returned to Australia in 2010 (after 15 years in the UK and US), he is dedicated to improving healthcare and treatment options for populations across the world. He lives and invests guided by his vision for a better future: through innovation, collaboration, and patient determination.

Paul is an avid reader and can regularly be found immersed in medical journals as well as fiction and non-fiction literature, which he believes “provides perspectives and insights that you would never get from management or business books”.

When he’s not mentoring and encouraging medical professionals to be entrepreneurial, he also looks after the health of our native environment: being highly active in bush regeneration and preservation.

Paul serves on the investment committees of OneVentures’ four main Funds, chairing the Fund III Investment Committee, and leading the healthcare and biotechnology practice across the firm.

Paul is a highly experienced executive and has multiple board responsibilities as either Chair or as a Non-Executive Director within numerous OneVentures portfolio companies. Independently of OneVentures, he is also a Non-Executive Director Garvan Institute of Medical Research

Paul has over 30 years’ experience in developing and commercialising biomedical innovations in the United States, Europe, United Kingdom and Australia. While in the UK and US he led early-stage and mid-stage companies, public and private, delivering strong returns for shareholders and investors as a founder and CEO.

Notably, Paul served as Co-Founder and CEO of Gemini Genomics (Nasdaq:GMNI), one of the world’s first clinical genomics companies, commercialising novel gene-based diagnostic and therapeutic targets. At Gemini, Paul led the company in one of the UK’s largest biotechnology IPOs of the time, completed strategic corporate acquisitions in Sweden and Canada, and negotiated collaborations with some of the world’s leading research institutions and biotechnology and pharmaceutical companies. In 2001, Paul led the company’s successful merger with Sequenom (Nasdaq:SQNM), valuing Gemini at over US$250M.

Paul’s other notable achievements include co-founding Agamatrix, now a leading bio-sensing medical device company with operations across the US and South East Asia, and Atomera (Nasdaq ATMR). He then served as President and CEO of Orchid Cellmark (Nasdaq:ORCH) – during his tenure revenues grew by over 50% in 2 years to $60M per annum, and increased the company valuation 10 fold.

While in the US Paul also served as President and CEO of Medcenter Solutions, a US based online medical education and pharmaceutical marketing company.

Before becoming a biotechnology executive, Paul had a distinguished career as a researcher and physician specialising in endocrinology at St Vincent’s Hospital, Sydney, Australia. While serving as a researcher at the Garvan Institute of Medical Research in Sydney, and in his postdoctoral work, Paul authored over 100 scientific publications, largely in genetic epidemiology of common metabolic disorders, which have been published in leading journals such as Nature, New England Journal of Medicine, The Lancet, British Medical Journal and Proceedings of the National Academy of Science.

Paul has also served on a number of national governmental advisory bodies, as well as on the boards of public and private companies. He served on the Board of Directors of the American Society of Medicine, Law and Ethics from 2005 to 2008. He also serves on the UNSW Medicine Dean’s Advisory Group and serves on the Board of Directors of the Garvan Institute of Medical Research.

Portfolio Board Roles
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Dr Dan Baker

Venture Partner
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Dr Dan Baker

Venture Partner
  • Education

    BSc (Biology), MD (Rheumatology)

Dan Baker received his B.A. in Biology from Gettysburg College and his medical degree from the University of Pennsylvania. He completed his medical residency at Hershey Medical Center and fellowship in Rheumatology at the University of Pennsylvania, followed by a research fellowship in Rheumatology at Mass General Hospital. He continued on the faculty of the University of Pennsylvania for 18 years before joining Janssen/Centocor in 2000.

As Vice President Immunology R&D at Janssen, his responsibilities included the clinical development of Remicade, SIMPONI and STELARA as well as other programs in rheumatology, and dermatology. As Disease Area Stronghold Leader he was responsible for Phase II & III clinical development plans for rheumatology products was responsible for the overall strategy on portfolio in rheumatology/immunology.

He has authored multiple publications in the field of immunology and has served a co-Lead of RTCure which is an academic/industry collaboration that is sponsored by IMI2 and is searching for tolerogenic therapies for rheumatoid arthritis.

After his retirement from Janssen in 2019 he has been active in continuing to be involved in bringing therapies to patients by providing scientific advice to drug development organisations. He has taken on the role of CEO of Kira Biotech which is an emerging Australian biotech company targeting treatment of immune system disorders with novel immunomodulatory drugs

Kelly Constable

Venture Partner
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Kelly Constable

Venture Partner
  • Education

    Ba Speech Communication

Kelly Constable is a senior business executive offering 20 years of international commercialisation expertise in life sciences. Kelly’s expertise includes eight years leading breakthrough digital applications in precision medicine in the US and EU. She has a proven track record driving value in a top global biotech organization, through partnerships with multinational corporations and as a strategic thinker on startup Boards and teams.

Currently, Kelly is the Co-Founder and CEO of AULUS Partners, dedicated to accelerating commercialisation of high potential life sciences and med tech companies. She is the Chief Strategy Officer for Omico, a precision oncology clinical trials platform. She joined OneVentures Healthcare Fund as a part-time Venture Partner to focus on internationalising existing portfolio companies and to identify new opportunities. She serves on the Board of Directors of Prota Therapeutics, Oculo, and ANDHealth. Kelly serves as an expert advisor and commercial lead to NSW Health Gene Therapy and Manufacturing Initiative and she serves on the Investment Committee of the NSW Medical Device Fund.

Kelly developed her expertise at Abbott Labs through various roles in sales and marketing across general medicine and specialty therapeutics. Kelly joined Amgen in 2006, a world leader in biotechnology. She led the launch of the Sureclick autoinjector in 2006 and repositioned Aranesp after a FDA label change and led the US launch strategy for Prolia in osteoporosis in 2009, each >$1B annual sales products. More recently, Kelly led the global launch strategy for Aimovig in migraine through 2016.

Kelly developed her expertise in digital health and precision medicine when she was asked by Amgen to create a dedicated US innovation unit. In this role, she led and negotiated Amgen’s first technical alliance with GE Healthcare and through this strategic partnership, developed and launched the first  point of care software algorithm in osteoporosis, deployed initially in the US and now globally. Next Kelly co-founded Amgen’s first precision oncology initiative as a start-up inside Amgen, developing a  novel algorithm for anaemia in cancer, raising $20M of seed funding and managing Amgen’s first commercial software team with 50 cross-discipline experts in mathematics, software, biotech, regulatory, operations, and commercialisation. She oversaw the development and implementation of Amgen’s first software medical device solution in Germany which has since been launched in multiple countries across Europe. Kelly also served as the expert advisor in digital health to Amgen Ventures, the company’s Corporate Venture Fund, reviewing opportunities and participating in funding transactions.

In 2016, Kelly left corporate life after 20 years to become a full-time entrepreneur. She founded AULUS Partners with a mission to embrace start-ups that harness the potential to transform healthcare issues on a global scale. Currently AULUS is associated with four portfolio companies in the USA.

John Westwater

Venture Partner
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John Westwater

Venture Partner
  • Education

    BSc(Hons), PhD

John brings almost 20 years’ global life science experience across operational, venture capital and investment banking roles.

Most recently John held the role of CFO at Elastagen, an innovative Australian medical device company, until it was sold to Allergan, a global medical aesthetics company. The deal was recognised by the AIC as the Best Venture Capital Investment of 2018. Post-closing, John continued to oversee the integration of Elastagen’s clinical programs at Allergan as Director R&D, and latterly as a consultant.

During his tenure at Elastagen and Allergan, John had a broad remit that spanned finance, corporate development and clinical functions, and was intimately involved in internationalizing the business through to its successful exit. As CFO, John led the Company’s fund-raising efforts including the Series B round. He was also heavily involved in the design and execution of the Company’s two clinical studies conducted in the UK.

Prior to Elastagen, Dr Westwater spent eight years at Nomura Phase4 Ventures in London, investing in early to mid-stage life sciences companies primarily in the US and Europe. John started his career in investment banking with Morgan Stanley where he spent over four years in their Corporate Finance and Mergers, Acquisitions and Restructuring Department (MARD) teams, advising pre-IPO to blue-chip healthcare multinationals on various capital raisings, divestitures and acquisitions.

At different times in his career, John has also been an independent healthcare consultant, providing strategic advice to various companies through the years.

Dr Westwater holds a PhD and a BSc (Hons) in Biochemistry from Heriot Watt University in the UK with the first year of his PhD studies spent at Dundee University. He is also a recipient of the Watt Club Medal.

Sarah Meibusch

Partner
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Sarah Meibusch

Partner
  • Education

    BAgrSc(Hons), M.P.S, GAICD

  • Location

    Brisbane, AU

Sarah is responsible for sourcing life sciences companies and actively shaping their future. She applies her global executional experience and entrepreneurial passion to nurture their success. Her enterprise level leadership experience has been forged over 20 years in a wide spectrum of organisations, including start-up, private companies, ASX and NASDAQ-listed companies, a multi-national pharmaceutical company and university research organisations.

Prior to OneVentures, she was the Asian Business Development lead for Shire Pharmaceuticals (now Takeda), a global specialty pharmaceutical company. Sarah identified technologies and developed collaborations across Japan, Korea, Australia, New Zealand, Singapore and Taiwan including playing a key role in sourcing the $300M Fibrotech deal announced in 2015.

Sarah has held senior management roles at Progen Pharmaceuticals, The University of Queensland’s QAAFI institute, Beef CRC and Pyxis Genomics. From 2011-2017 she led the development of the new UQ QAAFI research institute from 32 people to 450 people and a financially profitable position within 5 years. This included leading the negotiation of a complex $70+M staff transfer and research agreement for QAAFI between the University of Queensland and the Queensland Government. In 2012, Sarah spearheaded the IP asset assignment and company wind-up of 20 year $168M Beef Co-operative Research Centre, involving five universities across five state jurisdictions, MLA, CSIRO and Meat and Lamb NZ and pastoral companies. At Progen Pharmaceuticals, Sarah worked collaboratively with the CEO and CFO over several years to secure a total financing of ~$125M via five capital raisings for oncology drug development, and in 2008 led the $22M acquisition of an oncology drug discovery company.

Sarah has a strong understanding of the pharmaceutical, medical device and healthcare industries including key inflexion points, intellectual property, regulatory and reimbursement strategies, business development options and strategic product management. She combines this with the ability to understand scientific information quickly and build credibility with technical experts and industry players. She is passionate about commercialising new technologies, and has the strategic vision and positive energy to deliver under tight timeframes in a team environment.

Sarah is a graduate of the Australian Institute of Company Directors (GAICD) and currently holds directorships with Kira Biotech, QAAFI Advisory Board and Life Sciences Queensland. She holds Bachelor level science qualifications from the University of Queensland and a Masters from Cornell University and has completed a postgraduate course at Harvard Business School focusing on negotiation and decision making.

Dr Jeannie Joughin

Principal
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Dr Jeannie Joughin

Principal
  • Education

    BSc (Hons), PhD

  • Location

    Melbourne, AU

  • Current board roles

    Paranta Biosciences

  • Previous

    Glutagen

Jeannie is an experienced biopharmaceutical and medical device leader with 20+ years’ experience locally and internationally. She is responsible for sourcing and supporting biotech, device and diagnostics companies to achieve future success. Having held senior executive level positions globally, she brings extensive expertise in business development transactions, strategic partnerships and alliance management to support investment strategy. Her operational and leadership experience in research, clinical trial and commercial management has been forged through conducting research at universities, holding positions of increasing seniority in multi-national pharmaceutical companies and from start-up environments in private and listed companies located in the USA, Europe and Australia.

Prior to OneVentures, Jeannie held senior executive and advisor positions in Australia and currently serves as a director for Paranta Biosciences. While in the US she was responsible for global business development activities and successfully licensed a medical device technology to several of the world’s largest pharmaceutical companies attracting sizable milestone and royalty payments. She has demonstrated commercial success and operational expertise by building businesses and brands in several therapeutic areas in different geographies. She has a global perspective with strong analytical, regulatory and technical skills, and is passionate about working with and developing teams to support execution of corporate, product and business strategy. This experience has come from working in companies in Australia and the USA including Bristol-Myers Squibb, Mayne Pharma, CSL and CSL Behring, Enable Injections Inc., Paradigm Biopharmaceuticals, Glutagen and Paranta Biosciences.

Dr Joughin holds a PhD and a Bachelor of Science (Hons) in Immunology from Monash University in Melbourne and a Diploma of Marketing from the Melbourne Business School.

Jim Scopa

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Jim Scopa

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