Mr. Friedman has over 25 years of health care investment banking and research experience, joined Burnham Securities as a managing director in 2003 from Dominick & Dominick, where he had been the partner in charge of their health care investment banking practice since 1996. Prior to joining Dominick, Mr. Friedman was with Furman Selz as a senior member of their Health Care Corporate Finance Group. Mr. Friedman spent five years with Flemings, the British merchant bank, where he headed the health care industry group, working extensively with both U.S. and international healthcare companies. His career includes tenure at Deutsche Morgan Grenfell, where he served as Managing Director, responsible for international healthcare banking transactions; at Prudential Bache Capital Funding, where he was hired as Managing Director to start and manage its Health Care - Corporate Finance Group. Mr. Friedman spent 10 years at Montgomery Securities, where he was a General Partner and Co-Founder of Montgomery Medical Ventures, and at L.F. Rothschild Unterberg Towbin, where he was a First Team Institutional Investor-ranked hospital supply/medical device analyst.

Mr. Friedman has served as a member of the Board of Directors of: MaxiCare Health Plans, Inc., Alta Bates Hospital and Health Care Corporation, (Berkeley, CA), The Mount Zion Hospital and Medical Center (San Francisco), and The Health Plan of California. Mr. Friedman was recently elected a Fellow of The Institute of Directors in London and currently serves on the board of directors of The Children's Health Fund (New York), The Citizens Committee for New York City, and as a trustee of The Health Care and Biotechnology Venture Fund (Toronto). Mr. Friedman received his B.A. in Political Science from the University of Pennsylvania and his M.B.A. in Finance & Marketing from The Wharton School.