OUR TEAM
The Scientist Who Built the Biology and the Operator Who Builds the Company
Mito Innovations is founders-led — built around deep scientific expertise, disciplined development judgment, and a clear mandate: reach patients with a medicine that works where others haven't.
Prof. Rick G. Schnellmann, PhD
CO-FOUNDER, CSO & BOARD CHAIRMAN
Rick Schnellmann is the scientific founder of Mito Innovations and the originator of MARY1. He has spent four decades on one problem: making the kidney repair itself after injury.
That idea began in his laboratory’s research on mitochondrial biogenesis – the process by which cells rebuild the mitochondria that power organ function. His team was among the first to show that restarting this program pharmacologically after injury restores mitochondrial function and reverses acute kidney injury in preclinical models. This finding reframed kidney injury as a problem of recovery, not just prevention. MARY1, a selective 5-HT2B receptor antagonist that re-engages this program, descends directly from it. Rick is the inventor on MARY1 composition of matter and method of use patent estate.
Rick is the Howard J. Schaeffer Endowed Chair at the University of Arizona College of Pharmacy (Dean from 2016 to 2025) and a Research Health Scientist with the U.S. Department of Veterans Affairs. Earlier, he was a Distinguished University Professor and Eminent Scholar at the Medical University of South Carolina, chairing the Department of Drug Discovery and Biomedical Sciences, with prior faculty appointments at the University of Arkansas for Medical Sciences. Rick earned his PhD in Pharmacology and Toxicology at the University of Arizona and trained in physiology at Duke University.
His program has been funded by NIH, VA, and foundation grants ($12M to date) across renal injury, repair, aging, and nephrotoxicity, with recent work extending mitochondrial repair biology into spinal cord injury, stroke, and Parkinson’s disease. He authored 250+ peer reviewed manuscripts (h index >70) and 20 book chapters and served as Editor of the Journal of Pharmacology and Experimental Therapeutics. Repurposed drug discovery work in his lab was acquired and carried into a Phase 2 kidney study.
Dr. Veena Krishnappa, PhD, MVSc, BVSc & AH
CO-FOUNDER, CEO & BOARD DIRECTOR
As Co-Founder and Chief Executive Officer, Veena Krishnappa owns the capital plan and the path from translational science to first in human proof of concept for MARY1.
Veena’s career sits at the intersection of science, strategy, and capital formation. She was previously CEO of FiteBac Pharma, advancing a small molecule antimicrobial, immunomodulatory platform from concept toward IND enabling readiness in tuberculosis and cystic fibrosis.
Across BioLabs, Cambrian Biopharma, and Scripps Research, she structured $120M+ in licensing, sponsorship, collaboration, and venture creation and investment transactions; managed alliances spanning startups, pharma (including Ipsen, Eisai, Chiesi, and Otsuka), investors, CRO/CDMOs, and academia. At BioLabs, as VP of Pharmaceutical Partnerships and business insights, her work supported the partnerships and business development function behind BioLabs’ global ecosystem of 200+ life sciences companies. As Site Head and Director, Business Operations and Strategy, she led multi-site incubator operations supporting an ecosystem of 40+ companies ($10B+ in enterprise value).
She trained as a regenerative medicine scientist, earning a PhD from Scripps Research after earlier veterinary medicine and pharmacology degrees, before moving into business development, investing, company creation, operations and strategy. For her, the finish line is not only advancing programs but ensuring innovation ultimately matters to patients.
