Jeffrey J. Kraws

Co-Founder and Chief Executive Officer

Well known and respected on Wall Street, Mr. Kraws has received some of the  most prestigious awards in the industry, including being consistently  ranked among the Top Ten Analysts for pharmaceutical stock performance  in the world for almost two decades as well as ranked as the Number One  Stock Picker in the world for pharmaceuticals by Starmine and for  estimates by Zacks. Additionally, Mr. Kraws has been 5-Star-ranked for  top biotechnology stock performance by Starmine.

Prior to founding Crystal Research Associates, Mr. Kraws served as  co-president of The Investor Relations Group (IRG); managing director of  healthcare research for Ryan Beck & Co.; and director of  research/senior pharmaceutical analyst and managing director at Gruntal  & Co., LLC (prior to its merger with Ryan Beck & Company). Mr.  Kraws has also served as managing director of the healthcare research  group and senior pharmaceutical analyst at First Union Securities  (formerly EVEREN Securities); as senior U.S. pharmaceutical analyst for  the Swedish-Swiss conglomerate Asea Brown Boveri; and as managing  director and president of the brokerage/investment banking operation of  ABB Aros Securities, Inc. He has been senior pharmaceutical analyst at  Nationsbanc Montgomery Securities, BT Alex Brown & Sons, and  Buckingham Research. Mr. Kraws has also served as head of competitive  analysis within the treasury group at Bristol-Myers Squibb Company, a  position which has given him a unique perspective on the inner workings  of major healthcare companies.

Ms. Goldfarb brings almost three decades of Wall Street experience and a formidable background in the research industry. Throughout her tenure at Crystal Research Associates, she has spearheaded coverage for hundreds of corporations across an array of industries, increasing the visibility of innovative and growing private and public companies that represent extraordinary investment opportunities.

Ms. Goldfarb has previously served as associate director of competitive analysis for IRG, and as vice president within the healthcare research group at Gruntal & Co., LLC (prior to its merger  with Ryan Beck & Company), where she covered large-capitalization  pharmaceutical, specialty pharmaceutical, generic, drug delivery, biopharmaceutical, and medical technology companies. Prior to joining Gruntal, Ms. Goldfarb served as pharmaceutical associate at First Union Securities (formerly EVEREN Securities), and as a researcher for Merrill  Lynch in New York City, specializing in the paper and forest products sector. Ms. Goldfarb holds a B.A. degree in Economics from Rutgers University, New Brunswick, NJ.

KAREN PIC 2016-1

Karen B. Goldfarb

Co-Founder and Chief Operating Officer

Unlocking Visibility: Trusted Research by Wall Street Veterans