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Blue Ocean Biomanufacturing

Raising a Series A to fund a Flexible Biomanufacturing facility in Worcester, MA, leveraging $4-5M in non-dilutive financing.

  • Stage Product In Development
  • Industry Biotechnology
  • Location Worcester, MA, USA
  • Currency USD
  • Founded January 2012
  • Employees 5
  • Website

Company Summary

Blue Ocean Biomanufacturing (B-OCEAN) is committed to becoming the world-class Strategic Manufacturing Partner (SMP) by providing quality, cost effective flexible manufacturing capability in Worcester, Massachusetts, specializing in the production of investigational or orphan drug candidates. As an SMP, B-OCEAN will work with emerging biopharma clients throughout drug development to streamline their transition to flexible manufacturing platform.


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    P. Michael Masterson
    Executive Chairman

    Mr. Masterson is a co-founder and an accomplished engineer, business executive, entrepreneur, and investor with experience in commercializing healthcare technologies and in building healthcare businesses. He earned chemical engineering degrees (BS and MS) from the University of Massachusetts and the University of Colorado and is a graduate of the Owners-President Management program at the Harvard Business School.

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    Tim P. Coleman

    Tim is co-founder and a serial entrepreneur who has successfully founded and built several companies from early stage funding through strategic expansion over a 20 year career. Tim worked with PwCs healthcare advisory practice as a manager where he still assists the practice as a senior life science fellow. Tim has an MBA from the BU School of Management and a PhD in molecular biophysics from the Medical College of Virginia at VCU.

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    David Williams

    Mr. Williams has over 25 years of experience in cGMP manufacturing operations, process development /scale-up, facility design and construction, state and local incentive development programs, and R&D. He holds a M.S. degree in Industrial Microbiology/Biochemistry from the University of Oklahoma.

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    Nicole Stephenson
    Vice President Business Operations

    Mrs. Stephenson coordinates the interaction of the financial and operational aspects of B-OCEAN. Previously Nicole worked at PwC as a Senior Associate in the Health Industries Advisory Services Biomedical Strategy Group from 2006-2011. She holds a Master of Science in Biological Science from Florida State University as well as a Master of Business Administration from Boston University.


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    Peter Litman, Outside GC
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    Mark Love, Love, Jarominski & Raymond, LLP