Management Team

Linda Marban

Linda Marbán, Ph.D.

President, CEO and Director

Full Bio

Dr. Marbán is currently serving as our Chief Executive Officer, and has served in that capacity and on the Board since November 2013. As co-founder of Capricor, Inc., our wholly-owned subsidiary, Dr. Marbán has been with Capricor, Inc. since 2005 and became its Chief Executive Officer in 2010. She combines her background in research with her business experience to lead the Company and create a path to commercialization for its novel therapies. Dr. Marbán was the lead negotiator in procuring the license agreements that are the foundation of the Company’s intellectual property portfolio. Under her direction as Chief Executive Officer, the Company has secured over $30.0 million in non-dilutive grant awards which have funded our research and development programs and a loan award which funded Capricor, Inc.’s ALLSTAR clinical trial. Dr. Marbán’s deep knowledge of the cardiac space, in particular, allows her to provide unique direction for the Company’s development and growth. From 2003 to 2009, Dr. Marbán was with Excigen, Inc., a biotechnology start-up company, where she was responsible for business development, operations, pre-clinical research, and supervising the development of gene therapy products in a joint development agreement with Genzyme Corp. While at Excigen, she also negotiated a joint development and sublicense agreement with Medtronic Corp. utilizing Excigen’s technology and supervised the building of a lab in which the work was to be performed. Dr. Marbán began her career in academic science, first at the Cleveland Clinic Foundation working on the biophysical properties of cardiac muscle. That work continued when she moved to a postdoctoral fellowship at Johns Hopkins University (“JHU”). While at JHU, she advanced to the rank of Research Assistant Professor in the Department of Pediatrics, continuing her work on the mechanism of contractile dysfunction in heart failure. Her tenure at JHU ran from 2000 to 2003. Dr. Marbán earned a Ph.D. from Case Western Reserve University in cardiac physiology.


Karen Krasney

Karen Krasney, J.D.

Executive Vice President and General Counsel

Full Bio

Ms. Krasney has served as our Executive Vice President, Secretary and General Counsel since November 2013. Ms. Krasney has been providing legal services to Capricor, Inc. since 2011 and in 2012 joined Capricor, Inc. as its Executive Vice President and General Counsel. Ms. Krasney’s career spans over 40 years serving as general counsel for numerous corporations and private companies engaged in a wide variety of industries. Her extensive background and vast experience has been focused on domestic and international corporate and business law, as well as litigation. Ms. Krasney has been involved in the medical technology arena since the mid 1990’s, representing several medical technology companies developing products for the treatment of cardiovascular disease. Commencing in 2002, Ms. Krasney served as legal counsel of Biosensors International Group Ltd., a multinational medical device company that develops, manufactures and sells medical devices for cardiology applications. In 2006, she accepted the position of General Counsel and Executive Vice President of Biosensors and served in that capacity until 2010. During her tenure at Biosensors, among other things, Ms. Krasney headed the legal team that facilitated the company’s successful initial public offering in Singapore and was responsible for negotiating and documenting all agreements for the company worldwide, including licensing agreements with major medical device companies and agreements required for the company’s international clinical trials. Ms. Krasney also serves as a director on the board of Cardiovascular Research Foundation, a non-profit research and education entity. Ms. Krasney received her Bachelor of Arts degree from the University of California, Los Angeles and her Juris Doctorate from the University of Southern California.


AJ Bergmann

AJ Bergmann, M.B.A.

Chief Financial Officer

Full Bio

Mr. Bergmann has served as our Chief Financial Officer since January 2018. Mr. Bergmann joined Capricor, Inc. in 2011 and served as its Director of Finance until November 2013. After the merger between Capricor, Inc. and a subsidiary of Nile Therapeutics, Inc., he became the Company’s Vice President of Finance. He also serves as the Company’s corporate treasurer. Prior to joining Capricor, Inc., Mr. Bergmann had experience in accounting, finance and operations management of companies ranging in size from start-ups to mid-size companies. Most recently he was with the business management firm, Gettleson, Witzer and O’Connor, in Beverly Hills, California, where he focused on accounting and finance for several production studios generating motion picture releases and worldwide revenue that exceeded $1 billion. The firm’s clients included foundations, trusts, and independent actors, writers, producers and directors across the entertainment industry. While at the firm, he focused on budgeting, tax forecasting and asset management. Earlier in his career, Mr. Bergmann served in financial positions in various industries. Mr. Bergmann assisted with Capricor, Inc.’s Series A-3 $6.0 million Preferred Stock offering, helped structure the Company’s successful $19.8 million budget proposal to the California Institute for Regenerative Medicine and coordinated the Company’s reverse merger and financings yielding over $35.0 million, to date. He has experience in developing corporate and financial strategy alternatives and executing on strategic plans. Mr. Bergmann manages the Company’s finance, accounting and human resource functions. Mr. Bergmann graduated from Providence College with a Bachelor of Science degree in Management, and a minor in Finance. He has an M.B.A. from the University of Southern California’s Marshall School of Business. He is actively involved in various venture capital and entrepreneurial associations throughout the Los Angeles area.


Sophia Paspal

Sophia Paspal, Ph.D.

Vice President of Regulatory Affairs and Quality Assurance

Full Bio

Dr. Paspal is currently serving as our Vice President of Regulatory Affairs and Quality Assurance. Prior to joining Capricor, she was the Vice President of Regulatory and Quality Assurance for Cellics Therapeutics, Inc. where she was part of the senior management team which developed regulatory strategies and quality systems to enable the development of human cell membrane based nanoparticles for treating serious infectious diseases and rare blood diseases. She has over 20 years of regulatory, quality and pharmaceutical product development experience from large and small pharmaceutical companies. She played a key role of obtaining successful global Phase 3 PEGPH20 CTA approvals and maintained HYLENEX on the market at Halozyme. She developed regulatory strategy for developing VASCUGEL from Phase 2 and beyond at Shire. Additionally, she enabled successful approval of LUMIGAN PF, development of Bimatoprost SR implant and maintained ACZONE on the market at Allergan. Earlier in her career, she was part of the global regulatory leadership team for the approval of VIVIANT and XELJANZ at Wyeth and Pfizer. Dr. Paspal has a Bachelor of Science in Chemistry and Ph.D. in Pharmaceutics from the University of Minnesota, Twin Cities.


Luis Rodriguez-Borlado Martinez Ph.D.

Luis Rodriguez-Borlado Martinez Ph.D.

Vice President of Regenerative Therapies

Full Bio

Dr. Rodriguez-Borlado is currently serving as our VP of Regenerative Therapies since 2015. He is an international expert on the development of stem cells for use in the Clinic.

Prior to joining Capricor, Dr. R-Borlado developed a scientific career in academic laboratories in Spain and in The Netherlands studying signal transduction pathways involved in cell transformation and DNA replication and performing high-throughput screenings to identify new therapeutic cancer targets.

In 2008, he joined Coretherapix (a company belonging to the Genetrix group) where he has been responsible for designing the essential cell characterization and pre-clinical studies enabling the filing of the IND corresponding to Coretherapix’s first candidate cellular product.

Since 2012, Dr. R-Borlado has served as the Scientific Director of Coretherapix and under his direction the company has initiated a “First in Patient” clinical trial to evaluate the safety and the efficacy of a pioneer allogeneic cellular product for the treatment the Cardiac Ischemic Disease.

Dr. R-Borlado has a Ph.D in Biochemistry and Molecular Biology from the University Autónoma of Madrid with the study of molecular bases of immune system development.


Siegfried Rogy

Siegfried Rogy, Ph.D.

Vice President of Clinical Operations

Full Bio

Dr. Rogy is currently serving as our Vice President, Clinical Operations. He has over 25 years of clinical operations and development experience in various size pharmaceutical companies including Baxter Bioscience, The Medicines Company and Maxim Pharmaceuticals. He led the clinical operations team for hemophilia products at Baxter Bioscience and in this role contributed to the US and EU marketing authorization of ADVATE, now the world’s most prescribed Factor VIII-replacement therapy and a cornerstone of Baxter’s multibillion-dollar hemophilia franchise. He also held director positions at two start-up biotech companies. At Novalar, he successfully directed a Phase I-III clinical program leading to the marketing authorization of OraVerse®, a local anesthesia reversal agent. Dr. Rogy earned his Bachelor of Science and Ph.D. in Biology from the Karl-Franzens-University, Graz, Austria.