Sheridan Snyder Bio by changcheng2

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									Name:            Snyder, Sheridan G.

Education:       University of Virginia, B.A. 1958
                 University of Dundee (Scotland), Honorary Doctor of Law, 2002

Field:           Biotechnology & Entrepreneurship

Sheridan “Sherry” Snyder graduated from the University of Virginia (UVA) in 1958 with a Bachelor of Arts in
French & Romance Languages. While at UVA, Sherry was named to the Dean’s List and was a member of the
varsity men’s tennis team from 1955-58, having served as captain in his senior year. He played #1 doubles all four
years and #1 singles in his freshman, sophomore and junior years and #2 singles in his senior year. He reached
the quarterfinals in men’s doubles at the U.S. National Championships. Sherry was also a varsity soccer player and
was named, “Athlete of the Year” while at UVA

Upon graduation from UVA, Snyder began his career as a Credit Analyst for New York Trust Corporation. In
1962, Snyder founded his first venture, Cambridge Machine Corporation, which initiated the development and
invention of high-speed mailing/envelope inserting machines. In 1971, Snyder founded a packaging company,
Instapak, which markets “foam-in-place packaging” (revolutionary for its time) that creates a protective barrier for
heavy, fragile instrumentation and computer systems. Snyder Cambridge Machine to Pitney-Bowes and he
became the National Sales Account manager at Pitney-Bowes. Instapak is now the largest division of Sealed Air
Corporation (NYSE: SEE), with more than 5,500 employees and revenues of $1 billion. In 1988, Snyder was the
Founder, Chairman & CEO of Compuflo Inc., which developed a specialty high-end computer program used to
analyze airflow to aid the design of aircraft and autos, a company donated to the University of Virginia to support
its laboratories.

Snyder is considered a pioneer in biotechnology. In 1981, Snyder founded and funded (with Henry Blair) Genzyme
(NASDAQ: GENZ), serving as President/CEO. Genzyme develops novel diagnostics and therapies for rare
diseases (such as Gaucher’s disease, a rare, enzyme deficiency disease that afflicts young Jewish children, and
caused the death of thousands of children before they reached the age of 21.) Genzyme is the largest private
employer in Boston with revenues exceeding $3.6 billion. In1991, Sherry created Biotage (a company which
became Dyax (NASDAQ: DYAX), a developer of drugs for rare diseases. In 1994, Snyder founded Argonex
(which eventually merged into Upstate Biotechnology). Upstate, a research reagents company, was sold to
Serologicals Corporation in 2004. In 2006, Snyder co-founded (with Dr. Brian Druker, inventor of Gleevec, a
revolutionary drug that stops the growth of cancer cells in myeloid leukemia and other cancers) MolelcularMD, a
molecular diagnostics company that monitors CML (adult leukemia) and plans to expand its product offerings to
include detection and quantitation of other cancer-related gene translocations. Snyder also founded, Xcovery, Inc.
(also in 2006), to develop proprietary small molecule drugs targeting oncology and inflammation, resulting in five
lead compounds to date which target several forms of cancer.

Snyder currently funds and creates new startups through his own management and funding company, Biocatalyst
International (founded in 2005). It is one of the few organizations which funds, creates and manages new biotech
startups in partnership with leading scientists throughout the world, by redeveloping world class science and
gaining access to the United States and International markets.

In 1988, Snyder funded University Technology Corporation, a unique approach whereby companies were formed
with University of Virginia technology and the proceeds generated by these business ventures were donated back
to the University. In 1999, the State of Virginia honored Snyder with its Biotechnology Lifetime Achievement
Award. . Snyder was awarded an Honorary Doctor of Law degree from the University of Dundee (Scotland) in
2002 (for his contribution to the University of Dundee and its bioscience research center of 750 scientists.) In
2003, he was appointed to Scotland’s International Advisory Board and serves as an advisor to the Scottish
government on the development of its biotech sector. In this capacity, Snyder was instrumental to the
development of an 800,000 square foot bioscience translational center outside of Edinburgh. Snyder received the
Officer of the British Empire (OBE) title from her Majesty the Queen of England in 2004 for his contribution to
the United Kingdom’s science and technology. In 2006, Snyder, through the sale of Upstate Biotechnology, made
a $45 million donation to the University of Virginia to create the Translational Science Research Center, a new
UVA Cancer Center and a Children’s Hospital. In March 2008, UVA established a new translational science
program and named the 200,000 square foot translational science building the Sheridan G. Snyder Building.
When the University of Virginia was going to eliminate the major UVA tennis facility, Snyder committed to
financially rebuilding a 13 court tennis facility, including an electronic scoreboard, now named the Sheridan G.
Snyder Tennis Center. The facility opened in 1997.

In the world of tennis, Snyder funded and developed the National Junior Tennis League (NJTL), along with the
encouragement and support of Arthur Ashe and Charles Pasarell. Snyder supported the NJTL for 15 years. This
organization now operates, through the USTA, in 110 cities and reaches 250,000 inner-city youths. Snyder
assisted Joe Cullman, Chairman of the US Open in 1968-69, by developing a corporate program including the
creation of the US Open Club. Snyder has played tennis throughout the world. Long after he retired from
competitive tennis, Snyder reached the third round of the men’s doubles at the US Nationals with Chuck
McKinley, former Wimbledon Champion.

Snyder is also a member of the Ivy Charitable Foundation whose mission is to raise and distribute funds for
charitable, educational and scientific projects, and to provide financial assistance to deserving high school seniors
and college students so they can achieve their career objectives.

Sherry Snyder resides in Palm Beach, Florida and has three children and five grandchildren.

								
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