File 029914
Email Chain Regarding Medical Device Financing and US Military/USAID Demonstrations (File 029914)
Correspondence between Michael Greenberg (Fio Corporation CEO) and Benjamin Wegg-Prosser discussing financing for a medical diagnostic device, demonstrations to US Department of Defense and USAID, and potential investment opportunities in Russia.
Summary
Michael Greenberg updates Peter Mandelson and Benjamin Wegg-Prosser on Fio Corporation's progress in securing $8-10 million in financing for a medical device. The email documents successful demonstrations of the prototype device to the US military's Walter Reed Army Institute of Research (WRAIR), where Colonel Colin Ohrt called it a 'game-changer' and expressed interest in pilot programs across Tanzania, Cambodia, Kenya, and Thailand. Greenberg also reports successful demonstrations to USAID and the President's Malaria Initiative. The correspondence includes discussion of potential investments through Russian entities including Rusnano and Onexim, and references to General Richard Tubb (former White House Medical Unit Chief and physician to Presidents Clinton and Bush) and Andrew Natsios (former USAID head) who accompanied Fio representatives to these meetings.
From: PETER MANDELSONSent: 1/22/2011 3:00:54 PMTo: jeevacation@gmail.comSubject: This is business develpt to diagnose illnessImportance: HighOn 16 November 2010 18:34, Michael Greenberg <________________________I> wrote:Ben and Lord Mandelson:My late reply does no justice to my enthusiasm to follow up on our previous call and to your interest in the same. Apologies.A word of explanation about the past two weeks:• Financing:Am in the midst of a $8-10 mn financingIn past two weeks have met potential investors in Toronto, Vancouver, DC, NYC, and Boston.Have in this time already closed approximately $2 mn, which is encouragingThis pace will continue for another month or so until the financing is fully closed.• US DoD:Last week several of us took our prototype device to be demonstrated for the US military's Walter Reed Army Institute ofResearch (WRAIR).At the conclusion of a four-hour session our host, Colonel Colin Ohrt, MD, who is in charge of the relevant WRAIR program,called our device a game-changer. He would like to pilot our device in Tanzania, Cambodia, Kenya, and Thailand. Follow up isbeing arranged.Colonel Ohrt also separately evaluated our white paper on malaria elimination and expressed strong interest in also pursuing thisproject with Fio.Accompanying Fio for these meetings was General Richard Tubb, MD (retired last year from the US Air Force). Dick was Chiefof the White House Medical Unit and physician to Presidents Clinton and Bush.• USAIDAlso last week we successfully demonstrated our device for USAID and the President's Malaria Initiative (PMI). Follow up isbeing arranged.Accompanying Fio for these meetings was Andrew Natsios, former head of USAID.For all the foregoing meetings our prototype device performed well. Exciting times.My trip to London has yet to be arranged and is dependent on financing events. In the meantime, I will happily travel to meet youin NYC.Attached is the White Paper on Malaria Elimination which Fio had written and invited several academic partners to join. Since thetime the document was first drafted, we discovered an even simpler technical strategy based on our new prototype device andreinforced by our recent discussion with WRAIR. This simplification would result in field trials as early as next year, which ismuch sooner than in the attached White Paper. To accomplish this we would team up with WRAIR rather than some of the currentacademic partners in the paper.Best regards and wishes,HOUSE OVERSIGHT 029914MichaelPS: Ben, any emails I've sent to Lord Mandelson always bounced back. Clearly I don't have the correct email address. Kindlyforward this note to Lord Mandelson and forward his correct email address to me. Thanks.Michael M Greenberg(M)From_______________________________________________On Behalf Of Benjamin Wegg-ProsserSent: November-08-10 10:08 AMTo: Michael GreenbergCc: Shlomit DekelSubject: Re: GoToMeeting Invitation - Meet NowHi MichaelJust wondered if you had an update on things, we are keen to hear more.BestBenOn 27 October 2010 06:54, Michael Greenberg < > wrote:It was great to speak with you both. Am eager to follow up on all fronts mentioned. In transit since we spoke- will reply more fully tomorrow.Best wishes,MichaelFrom:To: Michael GreenbergCc:_____________________________________Sent: Mon Oct 25 10:35:12 2010Subject: Re: GoToMeeting Invitation - Meet NowMichael,Thanks for your time on Friday, it was great to hear more about FIO, we are keen to hear more.In terms of follow up- we look forward to receiving the White Paper that you mentioned.- we will consider opportunities in Russia, principally via Rusnano, who we are in discussionswith http://www.rusnano.com/Home.aspx?dummy=634236281106041875- you asked about Onexim, this is the principal investment vehicle for Prokhorov (think New JerseyNets). He's reckoned to be the wealthiest man in Russia post-crisis. He is investing more in nanotech andgreen energy projects.HOUSE OVERSIGHT 029915- London meeting - please let us know dates when you might be coming through Europe.- NY meeting - we will update when we know more about plans to come to New York as we could also aimto meet there.Let's keep in touch and see where we get.BestBenOn 22 October 2010 20:08, Michael Greenberg - - wrote:Hello:If you would kindly click to this URL: https://wwwl.gotomeeting.com/join/526754137and follow the instructions, you will be able to view my laptop screen, on which I will be able to showyou our corporate presentation.Sincerely,Michael GreenbergCEO, Fio CorporationBenjamin Wegg-ProsserEmail:__________________Skype: bweggprosserMob:Mob:Mob:(UK)USA)RF)Benjamin Wegg-ProsserEmail:SkypeMob: (UK)Mob: (USA)Mob: (RF)Benjamin Wegg-ProsserHOUSE OVERSIGHT 029916Email:Skype:Mob: (UK)Mob: I (USA)Mob: I (RF)Benjamin Wegg-ProsserEmail:Skype:Mob:Mob:Mob:(UK)USA)RF)HOUSE OVERSIGHT 029917