Public Affairs & Media Relations
MUSC names new head for technology transfer
Contact: Heather Woolwine
CHARLESTON – The Medical University of South Carolina’s Foundation for Research Development (MUSC FRD) welcomed Michael Rusnak as executive director Oct. 1.
With a diverse background in technology transfer, Rusnak has more than 25 years of life science experience, most recently as director of New Ventures and Technology Development within the technology transfer office at the University of Rochester Medical Center in New York.
In his six-year tenure at Rochester, he led efforts in life science licensing and directed the university’s Technology Development Fund and award process. He established numerous collaborations to foster commercialization, further investments and advance drug discovery, including agreements with the Moulder Center for Drug Discovery Research at Temple University, the Medical Research Council in the United Kingdom, Califia Bio, Inc., and Johnson & Johnson.
Previous to Rochester, Rusnak was an entrepreneur-in-residence with BCM Technologies, Inc. the venture subsidiary of Baylor College of Medicine, where he was involved in starting and incubating more than five spinoff companies from the medical school. He held senior positions in biotechnology business development with Ceros Pharmaceuticals, CombiChem and Lexicon Genetics, among others, where he was involved in more than $100 million of partnering activity in the areas of drug discovery, combinatorial chemistry and genomics. Prior to Lexicon he held various positions in marketing, sales and project management with Baxter, Bayer, and Cetus.
Rusnak received his master’s degree in clinical science and lab management from San Francisco State University and has a bachelor’s degree in microbiology from St. Bonaventure University.
Founded in 1824 in Charleston, The Medical University of South Carolina is the oldest medical school in the South. Today, MUSC continues the tradition of excellence in education, research, and patient care. MUSC educates and trains more than 3,000 students and residents, and has nearly 13,000 employees, including approximately 1,500 faculty members. As the largest non-federal employer in Charleston, the university and its affiliates have collective annual budgets in excess of $1.7 billion. MUSC operates a 750-bed medical center, which includes a nationally recognized Children's Hospital, the Ashley River Tower (cardiovascular, digestive disease, and surgical oncology), Hollings Cancer Center (one of 66 National Cancer Institute designated centers) and a leading Institute of Psychiatry. For more information on academic information or clinical services, visit www.musc.edu. For more information on hospital patient services, visit www.muschealth.com.