Steve Brozak
Encyclopedia
Steve Brozak is the President and Co-founder of WBB Securities, LLC, and the Chairman and CEO of StormBio, Inc. The Wall Street Journal
named Mr. Brozak "Best on the Street" for Medical Equipment and Supplies in its 19th Annual Best on the Street Survey. Mr. Brozak is a retired Lieutenant Colonel in the United States Marine Corps
, having served in Europe, the Middle East, Asia, and the Caribbean. He was also a Democratic Party
congressional candidate in the 2004 election cycle.
As president of WBB Securities, Mr. Brozak is responsible for the research and investment banking
division. He raises funds for public offerings of stock in healthcare, biotechnology
, and medical device companies. He has regularly been ranked as one of the top analysts in biotechnology from all firms over the past three years by the Starmine ranking system of all First Call submitting analysts. In 2010, he was named one of the health care sector's Financial Times and Starmine Top Analysts for the United States.
Mr. Brozak has specific expertise and interest in human stem cell therapies and biothreat countermeasures, including radiation and highly pathogenic influenza
. He regularly authors articles in peer-reviewed and news publications. Among recent articles are: Fighting Epidemics With Venture Capital, which appeared on the Bloomberg BGov Web site; Seeking Innovation: Incentive Funding for Biodefense Biotechs, which appeared in the peer-reviewed journal: Biosecurity and Bioterrorism: Biodefense Strategy, Practice, and Science, Volume 8, Number 4, 2010. He also is a co-author of Long shadow of the stem-cell ruling, an opinion article that appeared in Nature, the International Weekly Journal of Science, Volume 467, 1031–1033 (28 October 2010).
Mr. Brozak is frequently interviewed and quoted by such media sources as the Associated Press
, ABC
, Barron's
, Bloomberg
, CNN
, Forbes
, Dow Jones
, Reuters
, SmartMoney
, TheStreet.com
, and The Wall Street Journal
. He is co-author of three recent commentaries about the failure of the Fukushima Daichi nuclear power plants and the potential impact on the world, published by ABCNews.com. They include: Fukushima Joins Titanic, Katrina as a Single Word for Disaster, March 16, 2011, Fukushima: A Nuclear Threat to Japan, the U.S. and the World, April 6, 2011 and Fukushima and Nuclear Power: Playing with Fire, April 25, 2011. He also is the author of twelve analytical reports about the threat of pandemic influenza, has written guest editorials and been asked to speak about several issues, including the challenges facing large pharmaceutical companies, the need to restructure the FDA and difficulties facing the U.S. healthcare system.
Mr. Brozak also is Chairman and CEO of StormBio, Inc, a development stage biotechnology company focused on the attenuation of Cytokine Storm
, specifically in influenza. StormBio is developing therapeutics to minimize the mortality and morbidity resulting from Highly Pathogenic Influenza infections, such as H5N1 and H1N1 (Swine) influenza strains.
StormBio's approach is to modulate runaway inflammation. Many of the deaths and much of the permanent damage from influenza is caused by a runaway inflammatory process called cytokine storm. It is anticipated that StormBio's therapeutics also could be used to treat a variety of other inflammatory conditions. StormBio is affiliated with leading scientists in the field of inflammation and has in-licensed intellectual property and novel therapeutics directed at treating people in the event of an influenza pandemic
.
Campaigning for Congress during the 2004 election, Mr. Brozak kicked off his campaign with a front-page feature story, A Marine Jumps Party Lines to Join Democrats in Trenches, in The Wall Street Journal, where he gave early warning of the nearly insurmountable challenges faced by the shortage of U.S. troops in Iraq and the need for a modified strategy to subdue insurgency and create a secure nation in Iraq. His campaign focused on the lack of planning for the Iraq war, the strain it placed on our military, and the severe economic repercussions that would ensue—specifically the rise in energy prices. He also stressed the need for unfettered research in stem cells and the need for a fair trade policy with other countries. Mr. Brozak was featured in an article in the magazine Salon, which described his campaign as "a referendum on Bush's military folly."
During his Congressional campaign, Mr. Brozak was invited to speak during prime time at the 2004 Democratic National Convention
, where he criticized the Bush administration for lack of planning prior to the war in Iraq. He was later criticized by bloggers in the Internet publication, The Weekly Standard
for his strong position against administration partisanship in political appointments at the Pentagon. Brozak was defeated by incumbent
Mike Ferguson
(Republican) for New Jersey's 7th Congressional District.
, having served in Europe, the Middle East, Asia, and the Caribbean. He has been attached to units within the United Nations, specifically as a Foreign area officer
at the U.S. Mission to the United Nations
, and as a Public Information Officer in the United Nations Mission in Haiti
(UNMIH). LtCol Brozak has also been attached to units within NATO (North Atlantic Treaty Organization) and has worked with the Inter-American Defense Board.
LtCol Brozak resumed active duty service in the Marine Corps immediately after the September 11, 2001 attacks as Officer in Charge of Mobilization Training Unit NY- 17 in New York City. He later served as part of Operation Enduring Freedom, leading a team to the Middle East to evaluate National Guard and Reserve mobilization. Upon returning from Iraq, his team wrote a report that criticized lack of troop strength and drain on the reserves caused by the Iraq/Afghanistan deployments. His last active duty assignment before retiring was Chief Spokesperson for OSD’s National Committee for the Employer support of the Guard and Reserve in Washington D.C. LtCol Brozak was twice awarded the Navy/Marine Corps Meritorious Service Medal
, his last one for his efforts in Washington.
(1982) and an MBA (1994) from Columbia University
.
The Wall Street Journal
The Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....
named Mr. Brozak "Best on the Street" for Medical Equipment and Supplies in its 19th Annual Best on the Street Survey. Mr. Brozak is a retired Lieutenant Colonel in the United States Marine Corps
United States Marine Corps
The United States Marine Corps is a branch of the United States Armed Forces responsible for providing power projection from the sea, using the mobility of the United States Navy to deliver combined-arms task forces rapidly. It is one of seven uniformed services of the United States...
, having served in Europe, the Middle East, Asia, and the Caribbean. He was also a Democratic Party
Democratic Party (United States)
The Democratic Party is one of two major contemporary political parties in the United States, along with the Republican Party. The party's socially liberal and progressive platform is largely considered center-left in the U.S. political spectrum. The party has the lengthiest record of continuous...
congressional candidate in the 2004 election cycle.
Corporate Life
Mr. Brozak is the President and Co-founder of WBB Securities, LLC, an Independent Broker Dealer and Research firm. WBB Securities focuses on Biotechnology, Medical Devices, and Healthcare research and banking. WBB Securities and its analysts are ranked consistently as a top performers in research accuracy.As president of WBB Securities, Mr. Brozak is responsible for the research and investment banking
Investment banking
An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...
division. He raises funds for public offerings of stock in healthcare, biotechnology
Biotechnology
Biotechnology is a field of applied biology that involves the use of living organisms and bioprocesses in engineering, technology, medicine and other fields requiring bioproducts. Biotechnology also utilizes these products for manufacturing purpose...
, and medical device companies. He has regularly been ranked as one of the top analysts in biotechnology from all firms over the past three years by the Starmine ranking system of all First Call submitting analysts. In 2010, he was named one of the health care sector's Financial Times and Starmine Top Analysts for the United States.
Mr. Brozak has specific expertise and interest in human stem cell therapies and biothreat countermeasures, including radiation and highly pathogenic influenza
Influenza
Influenza, commonly referred to as the flu, is an infectious disease caused by RNA viruses of the family Orthomyxoviridae , that affects birds and mammals...
. He regularly authors articles in peer-reviewed and news publications. Among recent articles are: Fighting Epidemics With Venture Capital, which appeared on the Bloomberg BGov Web site; Seeking Innovation: Incentive Funding for Biodefense Biotechs, which appeared in the peer-reviewed journal: Biosecurity and Bioterrorism: Biodefense Strategy, Practice, and Science, Volume 8, Number 4, 2010. He also is a co-author of Long shadow of the stem-cell ruling, an opinion article that appeared in Nature, the International Weekly Journal of Science, Volume 467, 1031–1033 (28 October 2010).
Mr. Brozak is frequently interviewed and quoted by such media sources as the Associated Press
Associated Press
The Associated Press is an American news agency. The AP is a cooperative owned by its contributing newspapers, radio and television stations in the United States, which both contribute stories to the AP and use material written by its staff journalists...
, ABC
American Broadcasting Company
The American Broadcasting Company is an American commercial broadcasting television network. Created in 1943 from the former NBC Blue radio network, ABC is owned by The Walt Disney Company and is part of Disney-ABC Television Group. Its first broadcast on television was in 1948...
, Barron's
Barron's Magazine
Barron's is an American weekly newspaper covering U.S. financial information, market developments, and relevant statistics. Each issue provides a wrap-up of the previous week's market activity, news reports, and an informative outlook on the week to come....
, Bloomberg
Bloomberg L.P.
Bloomberg L.P. is an American privately held financial software, media, and data company. Bloomberg makes up one third of the $16 billion global financial data market with estimated revenue of $6.9 billion. Bloomberg L.P...
, CNN
CNN
Cable News Network is a U.S. cable news channel founded in 1980 by Ted Turner. Upon its launch, CNN was the first channel to provide 24-hour television news coverage, and the first all-news television channel in the United States...
, Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
, Dow Jones
Dow Jones & Company
Dow Jones & Company is an American publishing and financial information firm.The company was founded in 1882 by three reporters: Charles Dow, Edward Jones, and Charles Bergstresser. Like The New York Times and the Washington Post, the company was in recent years publicly traded but privately...
, Reuters
Reuters
Reuters is a news agency headquartered in New York City. Until 2008 the Reuters news agency formed part of a British independent company, Reuters Group plc, which was also a provider of financial market data...
, SmartMoney
SmartMoney
SmartMoney The Wall Street Journal Magazine of Personal Business was launched in 1992 by Hearst Corporation and Dow Jones & Company. In 2010, Hearst sold its stake to Dow Jones. Its first editor was Norman Pearlstine....
, TheStreet.com
TheStreet.com
-History:TheStreet.com, Inc., was co-founded in 1996 by Jim Cramer and Martin Peretz. It is traded on the NASDAQ Global Market. The company is headquartered at 14 Wall Street in New York City. Its stock was made public in May 1999 under the direction of past Chairman and Chief Executive Officer...
, and The Wall Street Journal
The Wall Street Journal
The Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....
. He is co-author of three recent commentaries about the failure of the Fukushima Daichi nuclear power plants and the potential impact on the world, published by ABCNews.com. They include: Fukushima Joins Titanic, Katrina as a Single Word for Disaster, March 16, 2011, Fukushima: A Nuclear Threat to Japan, the U.S. and the World, April 6, 2011 and Fukushima and Nuclear Power: Playing with Fire, April 25, 2011. He also is the author of twelve analytical reports about the threat of pandemic influenza, has written guest editorials and been asked to speak about several issues, including the challenges facing large pharmaceutical companies, the need to restructure the FDA and difficulties facing the U.S. healthcare system.
Mr. Brozak also is Chairman and CEO of StormBio, Inc, a development stage biotechnology company focused on the attenuation of Cytokine Storm
Cytokine storm
A cytokine storm, or hypercytokinemia is a potentially fatal immune reaction consisting of a positive feedback loop between cytokines and immune cells, with highly elevated levels of various cytokines.-Symptoms:...
, specifically in influenza. StormBio is developing therapeutics to minimize the mortality and morbidity resulting from Highly Pathogenic Influenza infections, such as H5N1 and H1N1 (Swine) influenza strains.
StormBio's approach is to modulate runaway inflammation. Many of the deaths and much of the permanent damage from influenza is caused by a runaway inflammatory process called cytokine storm. It is anticipated that StormBio's therapeutics also could be used to treat a variety of other inflammatory conditions. StormBio is affiliated with leading scientists in the field of inflammation and has in-licensed intellectual property and novel therapeutics directed at treating people in the event of an influenza pandemic
Influenza pandemic
An influenza pandemic is an epidemic of an influenza virus that spreads on a worldwide scale and infects a large proportion of the human population. In contrast to the regular seasonal epidemics of influenza, these pandemics occur irregularly, with the 1918 Spanish flu the most serious pandemic in...
.
Political life
During his Congressional campaign, Mr. Brozak was invited to speak during prime time at the 2004 Democratic National Convention
2004 Democratic National Convention
The 2004 Democratic National Convention convened from July 26 to July 29, 2004 at the FleetCenter in Boston, Massachusetts, and nominated John Kerry and John Edwards as the official candidates of the Democratic Party for President and Vice President of the United States, respectively, in the 2004...
, where he criticized the Bush administration for lack of planning prior to the war in Iraq. He was later criticized by bloggers in the Internet publication, The Weekly Standard
The Weekly Standard
The Weekly Standard is an American neoconservative opinion magazine published 48 times per year. Its founding publisher, News Corporation, debuted the title September 18, 1995. Currently edited by founder William Kristol and Fred Barnes, the Standard has been described as a "redoubt of...
for his strong position against administration partisanship in political appointments at the Pentagon. Brozak was defeated by incumbent
Incumbent
The incumbent, in politics, is the existing holder of a political office. This term is usually used in reference to elections, in which races can often be defined as being between an incumbent and non-incumbent. For example, in the 2004 United States presidential election, George W...
Mike Ferguson
Mike Ferguson (New Jersey)
Michael A. "Mike" Ferguson is an American Republican Party politician who served as member of the United States House of Representatives representing New Jersey's 7th congressional district from 2001 to 2009.-Life and early career:...
(Republican) for New Jersey's 7th Congressional District.
Military Life
Brozak is a retired Lieutenant Colonel in the United States Marine CorpsUnited States Marine Corps
The United States Marine Corps is a branch of the United States Armed Forces responsible for providing power projection from the sea, using the mobility of the United States Navy to deliver combined-arms task forces rapidly. It is one of seven uniformed services of the United States...
, having served in Europe, the Middle East, Asia, and the Caribbean. He has been attached to units within the United Nations, specifically as a Foreign area officer
Foreign area officer
A Foreign Area Officer is a commissioned officer from any of the four branches of the United States Armed Forces who is a regionally focused expert in political-military operations. Such officers possess a unique combination of strategic focus and regional expertise, with political, cultural,...
at the U.S. Mission to the United Nations
United Nations
The United Nations is an international organization whose stated aims are facilitating cooperation in international law, international security, economic development, social progress, human rights, and achievement of world peace...
, and as a Public Information Officer in the United Nations Mission in Haiti
United Nations Mission in Haiti
For the current UN mission to Haiti, see the United Nations Stabilization Mission in Haiti.The United Nations Mission in Haiti — a peacekeeping operation carried out by the United Nations between September 1993 and June 1996. The Mission was reestablished in April 2004, after a rebellion took...
(UNMIH). LtCol Brozak has also been attached to units within NATO (North Atlantic Treaty Organization) and has worked with the Inter-American Defense Board.
LtCol Brozak resumed active duty service in the Marine Corps immediately after the September 11, 2001 attacks as Officer in Charge of Mobilization Training Unit NY- 17 in New York City. He later served as part of Operation Enduring Freedom, leading a team to the Middle East to evaluate National Guard and Reserve mobilization. Upon returning from Iraq, his team wrote a report that criticized lack of troop strength and drain on the reserves caused by the Iraq/Afghanistan deployments. His last active duty assignment before retiring was Chief Spokesperson for OSD’s National Committee for the Employer support of the Guard and Reserve in Washington D.C. LtCol Brozak was twice awarded the Navy/Marine Corps Meritorious Service Medal
Meritorious Service Medal (United States)
The Meritorious Service Medal is a military decoration presented to members of the United States Armed Forces who distinguished themselves by outstanding meritorious achievement or service to the United States subsequent to January 16, 1969...
, his last one for his efforts in Washington.
Personal life
Brozak is married and has two children. He was born in 1961 and received his BA from Columbia UniversityColumbia University
Columbia University in the City of New York is a private, Ivy League university in Manhattan, New York City. Columbia is the oldest institution of higher learning in the state of New York, the fifth oldest in the United States, and one of the country's nine Colonial Colleges founded before the...
(1982) and an MBA (1994) from Columbia University
Columbia University
Columbia University in the City of New York is a private, Ivy League university in Manhattan, New York City. Columbia is the oldest institution of higher learning in the state of New York, the fifth oldest in the United States, and one of the country's nine Colonial Colleges founded before the...
.
Published works
- "Seeking Innovation: Incentive Funding for Biodefense Biotechs" Biosecurity and Bioterrorism: Biodefense Strategy, Practice and Science Volume 8, Number 4, 2010.
- "Long Shadow of the Stem-Cell Ruling" Nature, the International Weekly Journal of Science, Volume 467, 1031–1033 (28 October 2010).
- Fukushima and Nuclear Power: Playing with Fire, April 25, 2011
- Fukushima: A Nuclear Threat to Japan, the U.S. and the World, April 6, 2011
- Fukushima Joins Titanic, Katrina as a Single Word for Disaster, March 16, 2011
- "Winners and Losers of the Greek Financial Crisis" abcnews.com. May 12, 2010.
- "Four Standard-Bearers For Stem Cell Therapies" Forbes.com. April 23, 2010.
- "How the Euro's Woes Could Affect the Economic - and Individual - Health" abcnews.com. February 25, 2010.
- "The Facts Versus the Truth about Swine Flu" abcnews.com. September 3, 2009.
- "Attack of the Zombie Biotechs" Forbes.com. April 2, 2009.
- "Why Your Health Care Is in Jeopardy" abcnews.com. February 19, 2009.
- "Caution - The FDA Could Be Hazardous to Your Health" Food and Drug Law Journal. January/February 2009.
- "The Future of the FDA in the Next Administration" abcnews.com. October 27, 2008.
- "The China Syndrome" abcnews.com. June 15, 2007.
- "War Is a Force that Gives Us Meaning" Book Review Marine Corps Gazette. August 2003.
- "The Marine Corps, the media, and the 21st century" Marine Corps Gazette. January 2002.