Today we’ll discuss the journey of another elite business entrepreneur and a successful woman: Mammogen Inc. CEO Elizabeth Cormier-May. Elizabeth always dreamed of running a successful venture where she could grow a successful company while generating many employment opportunities. A passionate visionary and a thorough perfectionist, Elizabeth always dreamed of being a certified physician, specifically a pediatric oncologist.
In our interview, she said that cancer always struck her as a painfully unfair disease. She felt there couldn’t be a better way for her to help than to join the fight on the front line. Elizabeth earned her masters in organic chemistry and began working at the Novartis Insitiute of Biomedical Research as a medicinal chemist in the early discovery of oncology.
Elizabeth loved the science, but felt a million miles away from the patient. Hence, she opted for the commercial aspect of this sector. After working for about 20 years developing new products within the healthcare sector for her employer, she established new goals and transitioned to developing better all around patient care.
Major Contributions to the Healthcare Industry
- Elizabeth created healthcare companies to address unmet clinical patient created and founded by Martin Keiser requirements.
- With IV BioHoldings (IVBH), created in collaboration with Martin Keiser, Elizabeth is also working on early disease detection.
- Many have applauded her efforts in establishing the IVBH system where patient care is being elevated with advanced technology.
- She established Dragonfly Data Ventures, in association with her co-founder, to create positive experiences amongst the users with a fun app that will enable them to stay engaged and healthy and even financially stable.
Prospects and Goals of Mammogen
Her successful venture, Mammogen, is one of three companies within the IVBH ecosystem. With its creation of a revolutionary early detection suite of diagnostics, it’s already among the world’s top bio-platform companies. Starting from R&D to product development and commercialization, IVBH has gained recognition for its efficiency, speed, and risk management abilities.
She infused the entity with advanced data science, strong partnerships, and other exponential technologies. With multiple alliances and associations, she managed to achieve over 60 years of multi-disciplinary expertise in various areas “While I lead Mammogen as its CEO, I’m also a senior vice president and chief commercial officer of IV BioHoldings.”
Business Nurtured with a Cause!
Mammogen instills a women-centric approach. It aims to provide early diagnosis, detection, and treatment of various women-specific diseases. The TM journey started with the genTRU suite of breast diagnostics. In addition, it has two early detection tests based on a flagship program relevant to 26 mRNA biomarkers.
Mammogen works on a unique multi-gene expression signature for painless and non-invasive diagnostics. This led to the efficient screening of women who needed immediate medical intervention.
All the products listed under the genTRU suite are validated in saliva and blood. The primary focus of Mammogen in 2022 is on the clinical development TM of genTRU and the commercialization of early breast cancer detection. Mammogen will make it possible for over 96 million women who need immediate attention and testing for breast cancer disease to begin treatment at the earliest time possible.
Complete Brief on genTRU -ED
There are two primary diagnostics under the TM genTRU -EDT:
- The first is genTRUTM-EDT (early detection test), a non-invasive, simple blood test being designed to rule women who are not currently eligible for imaging into mammograms earlier and more often to diagnose breast cancer at its earliest stages.
- The second test, genTRUTM-PID (post imaging diagnostic), is a test designed to rule the correct women out of invasive breast biopsies.
Both screenings can help minimize the false negatives and provide women with an early screening test. Reducing false positives ensures the right analysis of any suspicious nodules. Elizabeth envisions Mammogen will stretch a helping hand to women of all ages, backgrounds, genetics, and financial status to get an early and safe diagnosis. All the detection and testing processes followed at Mammogen are innovative and true to their nature.
Working Module of Dragonfly Data Ventures
Elizabeth’s other entrepreneurial venture, Dragonfly, will soon be among the leading data venture entities that empower people with a customized and inspiring ecosystem. It’s developing an app that will provide joyful experiences, positive outcomes, and alternate income streams for users.
“At Dragonfly, we believe the data we create daily should serve its rightful owners – those who create it,” says Elizabeth.
Biggest Accomplishments to Date
As an extremely grounded, humble, and aspiring CEO, Elizabeth didn’t mention the greatest accomplishment of her life: serving women and the needy. Her commitment and personal ideology of providing treatment to women and the needy is beyond any titles and rewards.
She experiences immense gratitude for the recognition she and her team have received to date but still believes there’s much more to accomplish for communities worldwide.
Her dream is to create a better world with organizations that effectively serve the overall welfare of the human race. When asked about managing her time-consuming daily affairs and endless task lists, Elizabeth points out the importance of a work-life balance and how that contributes to better interpersonal bonding amongst her teams.
Her family is important to her and frequently at her side while she’s working or at meetings. Her family sees first hand her commitment to her work.
Being modest about her reality, she says that striking an optimal balance is possible only when you play every role right. She disagrees with the idea of being a superwoman. “Some days, my Mom and wife hat is all I wear. Other days, I never leave my office,” she says.
Elizabeth knows she’s not perfect and that the life of an entrepreneur is all about acquiring the best possible balance between work and one’s personal life.
Secret Leadership Principles of Elizabeth
Elizabeth says a successful CEO must be disciplined and make wise decisions in a variety of scenarios or situations. Her top 3 tips for aspiring business enthusiasts are:
- Maintain transparency within your team. Once your team is trained, believe in them, set goals, and empower them to do the work.
- Always stay realistic about your expectations. Know the limitations.
- Follow your gut when ascertaining if something is right or wrong.
Success and failures go hand in hand. Elizabeth shared the meandering roads of her journey that sometimes brought her failure. But the most crucial part of failure is learning from it and turning it into success. She says we must instill the belief in ourselves that we can confidently and flawlessly handle tough times.
The ability to acknowledge mistakes, as well as make and execute decisions, requires a positive mindset. Along with self-appraisal, it’s also crucial to identify, accept and applaud the real potential that exists in others.
Pyramid of Success- Reality Check!
Elizabeth also gave a unique view regarding what real success looks like.
“For me, success is defined by building not just a company or suite of companies, but also a self[1]funding ecosystem that simultaneously empowers physicians with best-in-class products, patients with data-driven tools that unlock self and healthcare learning, and an opportunity to generate passive revenue,” says Elizabeth.
She also thinks decentralizing health care can make it more affordable and accessible to the masses while eliminating the inefficiencies of the existing ecosystem.
She firmly believes if you always stick to the Golden Rule of treating others as you would yourself, success is guaranteed to come to you. Plus, being in another person’s shoes gives you more power to understand them, and it holds you more accountable for every deed. Ultimately, committing to important missions can help you drastically change other people’s lives.
In a Nutshell
At the conclusion of our in-depth interview with Elizabeth, she emphasized developing new products, tools, and teams can leave a better world for the coming generations.
She repeatedly boasts about her kids as her most valuable legacy, one that she’ll forever cherish with love and gratitude. Her commitment to help her children achieve impeccable success is unquestionable.
Compassion has always been her crucial trait, one that’s helped her move seamlessly and successfully throughout her life. Staying grounded, extremely thoughtful, and approachable have been the primary qualities that helped her get ahead in life. Kudos to Elizabeth’s commendable efforts and successes thus far!
