Jason Hannon joined Mainstay Medical as Chief Executive Officer and as a Director in October 2017. Mr. Hannon has extensive experience in the medical devices industry, particularly in the areas most critical to the future success of Mainstay: commercialization of new products, penetration of new markets, product innovation, strategic and financial planning, raising capital, regulatory and clinical management, and the building of a high-performance culture.
Mr. Hannon previously served as President and Chief Operating Officer of NuVasive (NASDAQ:NUVA), a leading medical device company focused on transforming spine surgery with minimally disruptive, procedurally-integrated solutions. He helped grow NuVasive from a small U.S.-centric business with a handful of products into the third largest spine company in the world. During his 12 years at the company, and prior to becoming COO, Mr. Hannon led the international business, was responsible for business development and strategy, and also served as general counsel. During his tenure, the company’s commercial presence was expanded globally to more than 40 countries, revenue grew from $61M to almost $1 billion, and the product portfolio expanded to over 100 products.
Mr. Hannon has a JD degree from Stanford University Law School and a BA degree from the University of California, Berkeley.
Chief Operating Officer
Prashant Rawat has worked more than 20 years in active implantable medical device companies (Guidant, CVRx, CSF Therapeutics) and brings broad experience in managing global engineering teams and achieving international regulatory product approvals. Mr. Rawat is responsible for all research and development, coordination of manufacturing and distribution, clinical operations, the Quality Management System, and expansion of the company’s Intellectual Property portfolio.
Mr. Rawat’s extensive international experience in the medical device industry includes building internal R&D teams and relationships with foreign institutions and companies for joint research, product development and manufacturing. He also has broad experience in guiding new technology through the clinical and regulatory processes in Europe, Asia and the United States. While Technology Fellow and Manager of the Advanced Technology Group at Boston Scientific’s Cardiac Rhythm Management group, he was responsible for development of the world’s first implantable long-range telemetry system. Since then, he worked as an advisor to CVRx, a private neurostimulation company developing an implantable device for treatment of high blood pressure, and was VP Research and Development at CSF Therapeutics, a venture capital-backed spinoff from the Cleveland Clinic developing a novel invasive therapy to improve blood flow in stroke victims.
Mr. Rawat has a Bachelor of Engineering in Electronics Engineering and Telecommunications from the Maharaja Sayajirao University, Gujarat, India, and a Master of Science in Electrical Engineering and Applied Physics from Case Western Reserve University, Ohio, U.S. He is the inventor on over 25 patents and patent applications.
Chief Financial Officer
Mr. Onaitis has worked with dynamic healthcare businesses for 20 years, ranging from global multinationals including Biogen Idec and Elan Pharmaceuticals, to innovative specialty pharmaceutical companies such as Ignyta, Trius Therapeutics, and Somaxon Pharmaceuticals. He most recently served as Chief Financial Officer of Cidara Therapeutics (NASDAQ: CDTX), a biotechnology company developing novel anti-infectives including immunotherapies. During his tenure at Cidara, the company raised over $185 million and successfully progressed its lead program into late-stage clinical trials. Cidara is one of four publicly-traded healthcare companies at which Mr. Onaitis has been a senior executive. His experience includes building finance teams, leading numerous public and private financings, mergers and acquisitions and strategic collaborations, and the management of finance, accounting, business development, manufacturing, legal, and human resource functions.
Mr. Onaitis holds a J.D. from Stanford Law School and a B.S. in mechanical engineering from Carnegie Mellon University.