Steve Brozak

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Steve Brozak
Born1961
New York City, New York, U.S.
Alma materColumbia University School of General Studies
Columbia Business School
Drew University
Occupation(s)President of WBB Securities, LLC;
Financial Analyst;
Investment Banker
Military career
Allegiance United States
Service/branch United States Marine Corps
Years of service
  • 1982-1985 (Active)
  • 1986-2001 (Reserve)
  • 2001-2003 (Active)
RankLieutenant Colonel

Steve Brozak (born 1961) is the Managing Partner and President of WBB Securities, LLC, a Democratic congressional candidate in the 2004 American election cycle, and was the Chairman and CEO of StormBio, Inc. Brozak was named a 2013 StarMine "Top Stock Picker" among Pharmaceutical Analysts by the Thomson Reuters Awards for Excellence, and was recognized by The Wall Street Journal as "Best on the Street" among Medical Equipment and Supplies financial analysts.[1] Brozak is a retired Lieutenant Colonel in the United States Marine Corps. He served a three-year appointment to the Secretary of Navy's Navy and Marine Corps Retiree Council. He also is a Fellow of Foreign Policy Association.

Education[edit]

Brozak received his BA from Columbia University (1982), MBA from Columbia Business School (1994) and Doctor of Medical Humanities (DMH) from Drew University (2016).[2]

Career[edit]

Brozak is the President and Co-founder of WBB Securities, LLC, an independent broker dealer, investment bank and sell-side research firm. WBB Securities focuses on healthcare, biotechnology, pharmaceutical and medical device research and banking.[3] WBB Securities and its analysts are ranked consistently as top performers in research accuracy. In September 2016, WBB Securities added an asset management arm to the firm, which subsequently launched a long/short equity healthcare fund named WBB Life Sciences l/s.[4]

As president of WBB Securities, Brozak is responsible for the research and investment banking division. He raises funds for public offerings in various healthcare sectors. He has been ranked one of the top analysts of all First Call submitting analysts in all healthcare sectors over the past five years by the StarMine ranking system. In 2010, he was named one of the Top Analysts in the Healthcare Sector for the United States by the Financial Times and StarMine.[5] As being named 2013 StarMine "top stock picker" among Pharmaceutical Analysts, Brozak has achieved top-ranking recognition in all healthcare fields including Biotechnology, Medical Devices, and Pharmaceuticals over the last five years by the Thomson Reuters Awards for Excellence and The Wall Street Journal Best on the Street Survey.[6] He is a Fellow of the Foreign Policy Association.[7]

Brozak has specific expertise and interest in human stem cell therapies, biothreat countermeasures, bacterium, and viruses such as highly pathogenic influenza, Marburg, and Ebola.[8]

He is a contributor to Forbes, Businessweek, STAT, CNN, and ABCNews.com while regularly authoring articles in peer-reviewed and news publications. Among articles are:

Brozak is frequently interviewed and quoted by such media sources as the Associated Press, ABC, Barron's, Bloomberg, CNN, Financial Times, Forbes, Dow Jones, Reuters, USA Today, TheStreet.com, and The Wall Street Journal. He is featured in the British Medical Journal raising awareness among the cleanliness of endoscopic procedures within the United States.[9] He is co-author of three 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,[10] Fukushima: A Nuclear Threat to Japan, the U.S. and the World, April 6, 2011[11] and Fukushima and Nuclear Power: Playing with Fire, April 25, 2011.[12] 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 U.S. Food and Drug Administration, and difficulties facing the U.S. healthcare system.[13][14]

Brozak participated in the production of two films- as an Associate Producer of Money for Nothing: Inside the Federal Reserve (2013) [15] and as Executive Producer of American Veteran (2017).[16]

Brozak was Chairman and CEO of StormBio, Inc, a development stage biotechnology company focused on the attenuation of Cytokine Storm, specifically in influenza. StormBio was developing therapeutics to minimize the mortality and morbidity resulting from Highly Pathogenic Influenza infections, such as H5N1 and H1N1 influenza strains.[17]

StormBio's approach was 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 was anticipated that StormBio's therapeutics also could be used to treat a variety of other inflammatory conditions. StormBio was affiliated with leading scientists in the field of inflammation and had in-licensed intellectual property and novel therapeutics directed at treating people in the event of an influenza pandemic.[18]

Political life[edit]

Steve Brozak with Chairman & CEO, Salvatore Sodano opening the American Stock Exchange on August 2, 2004
LtCol Steve Brozak USMCR speaking at the state capitol in Trenton at the NJ Governor's SOS Ceremony on May 14, 2003

Campaigning for Congress during the 2004 election, 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.[19] 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. Brozak was featured in an article in the magazine Salon, which described his campaign as "a referendum on Bush's military folly."[20]

During his Congressional campaign, 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.[21] 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.[22] Brozak was defeated by incumbent Mike Ferguson (Republican) for New Jersey's 7th Congressional District.

Military career[edit]

Brozak is a retired Lieutenant Colonel in the United States Marine Corps, 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). Brozak was also attached to units within NATO (North Atlantic Treaty Organization) and has worked with the Inter-American Defense Board.[23]

Brozak resumed active duty service in the Marine Corps immediately after the September 11 attacks in 2001 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 the lack of troop strength and drain on the reserves caused by the Iraq/Afghanistan deployments.[24] His subsequent active duty assignment before retiring was Chief Spokesperson for OSD's National Committee for the Employer support of the Guard and Reserve[25] in Washington D.C.[26] Brozak participated as a Marine Corps officer representing the Department of Navy and Marine Corps retirees on the SECNAV Retiree Council. Brozak was twice awarded the Navy/Marine Corps Meritorious Service Medal, his last one for his efforts in Washington.[27]

Personal life[edit]

Born in 1961, Brozak is married and has two children. Brozak has been a resident of Westfield, New Jersey.[28]

Published works[edit]

References[edit]

  1. ^ "Best on the Street Stock Analysts: Medical Equipment & Supplies". WSJ.com. 2011-05-09. Retrieved 2012-11-24.
  2. ^ "Steve Brozak | Doctor of Medical Humanities | Research".
  3. ^ "WBB Securities, LLC". Wbbsec.com. Retrieved 2012-11-24.
  4. ^ "Healthcare pro and ex-JP Morgan exec launch healthcare fund". 2017-05-12.
  5. ^ [1] Archived June 3, 2010, at the Wayback Machine
  6. ^ "Financial Times and Thomson Reuters name Steve Brozak as a 2013 StarMine | WBB Securities, LLC". 22 August 2013.
  7. ^ "Foreign Policy Association".
  8. ^ Melissa Davis (2007-06-26). "Three Stem-Cell Stocks Ripe With Potential". TheStreet. Archived from the original on 2012-09-13. Retrieved 2012-11-24.
  9. ^ http://www.wbbsec.com/wp-content/uploads/2014/03/BMJ-endoscope-infections-OPED.pdf [bare URL PDF]
  10. ^ Opinionby Stephen Brozak And Henry Bassman (2011-03-16). "Japan's Fukushima: How Can We Prepare for Disaster? - ABC News". Abcnews.go.com. Retrieved 2012-11-24.
  11. ^ Opinionby Stephen Brozak And Henry Bassman (2011-04-06). "Fukushima Leak: A Threat to Japan, the U.S. and the World - ABC News". Abcnews.go.com. Retrieved 2012-11-24.
  12. ^ Opinionby Stephen Brozak And Henry Bassman (2011-04-25). "Fukushima and Nuclear Power: Energy Lessons From Japan's Tragedy - ABC News". Abcnews.go.com. Retrieved 2012-11-24.
  13. ^ "Attack Of The Zombie Biotechs". Forbes.com. Retrieved 2012-11-24.
  14. ^ "Why Your Health Care Is in Jeopardy - ABC News". Abcnews.go.com. 2009-02-19. Retrieved 2012-11-24.
  15. ^ Money for Nothing: Inside the Federal Reserve (2013), retrieved 2017-11-07
  16. ^ "American Veteran". Heartland Film. Retrieved 2017-11-07.
  17. ^ "StormBio: Taming Cytokine Storm". Archived from the original on 18 July 2013. Retrieved 18 January 2013.
  18. ^ "Cytokine Storm: A Deadly Effect of Flu". Storm Bio: Taming Cytokine Storm. Archived from the original on 7 December 2013. Retrieved 18 January 2013.
  19. ^ "A Marine Jumps Party Lines to Join Democrats in Trenches". WSJ.com. 2004-04-21. Retrieved 2012-11-24.
  20. ^ Goldberg, Michelle (2004-09-30). "Marine declares war on Bush - Salon.com". Dir.salon.com. Archived from the original on 2011-06-07. Retrieved 2012-11-24.
  21. ^ "Ret. Lt. Colonel Steve Brozak's Speech before the Democratic National Convention". PRNewswire. July 28, 2004. Archived from the original on 2012-10-04. Retrieved 2019-08-22.
  22. ^ Hernandez, Raymond (2004-08-08). "Ex-Marine Takes Aim At a Republican". The New York Times. Retrieved 2012-11-24.
  23. ^ "Stephen G. Brozak" (PDF). Rotary Club of New York. Retrieved 18 January 2013.
  24. ^ Liu, Petersi. "ESGR Reps Check on Guard and Reserve in Iraq". Defend America. Archived from the original on 5 January 2014. Retrieved 18 January 2013.
  25. ^ "Employer Support of the Guard and Reserve > Home". Esgr.net. Retrieved 2012-11-24.
  26. ^ "Candidate - Stephen G. Brozak". Our Campaigns. 2004-05-01. Retrieved 2012-11-24.
  27. ^ "Seventh Congressional District" (PDF). The Westfield Leader. Watchung Communications, Inc. Retrieved 18 January 2013.
  28. ^ Hernandez, Raymond. "Ex-Marine Takes Aim At a Republican", The New York Times, August 8, 2004. Accessed October 26, 2015. " NOT long ago, Steve Brozak was a little-known Marine officer who had returned home to Westfield from a tour of duty in Iraq, disillusioned with President Bush's handling of the war there."
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