JPMorgan Dad Starts Biotech, Raises $17 Million In Muscular Dystrophy Quest

Published: Feb 21, 2014

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Ilan Ganot, a hedge fund banker at JPMorgan Chase & Co. (JPM), left his life in finance to create a new business model aimed at developing drugs more quickly. His son’s life may depend on his success. Since his 2-year-old was diagnosed a year ago with Duchenne muscular dystrophy, a fatal genetic disease, Ganot quit his job in London, moved his family to the Boston area, raised $17 million and founded a biotechnology company.

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