Victor Schmitt was formerly President, Venture Management, Baxter Healthcare Corporation. He held this position since 1994 and was responsible for the creation and management of Baxter Healthcare’s interests in development-stage biotech companies. Prior to this position, he held the operating position of President, Baxter Biotech Europe. He has also served as Vice President, Business Development and Finance for Baxter Healthcare’s Blood Therapy Group. Mr. Schmitt joined Baxter Healthcare from a sixteen-year career with the American Red Cross Blood Services. At the Red Cross Blood Services, he held positions in marketing and operations. At the time of his departure, he was Vice President, Blood Services with responsibility for the organization’s national blood services program. Mr. Schmitt holds a Bachelor of Science degree from the University of Virginia and a Master of Business Administration from the University of Maryland. He has served on the board of directors of a number of development-stage life science companies.