{"id":40747,"date":"2014-02-21T07:37:52","date_gmt":"2014-02-21T12:37:52","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=40747"},"modified":"2014-02-21T07:55:57","modified_gmt":"2014-02-21T12:55:57","slug":"hedge-fund-dad-founds-company-to-save-his-son","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2014\/hedge-fund-dad-founds-company-to-save-his-son.html","title":{"rendered":"Hedge Fund Dad Founds Company To Save His Son"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/02\/about_dmd1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-40751\" alt=\"about_dmd\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/02\/about_dmd1.jpg\" width=\"254\" height=\"296\" \/><\/a>New York (HedgeCo.Net) &#8211; A former hedge fund banker at JPMorgan has founded a biotechnology company after discovering that his son suffered from\u00a0Duchenne muscular dystrophy (DMD).<\/p>\n<p>Ilan Ganot\u00a0left his hedge fund career behind him and moved to Boston to peruse\u00a0a new business model aimed at speeding up the development of new drugs.\u00a0So far Ganot has raised $17 million for the endeavor.<\/p>\n<p>\u201cAm I going to save my son? I\u2019m giving it my best shot,\u201d he said in an interview with Bloomberg. \u201cI am definitely going to change the future for all the boys with DMD.\u201d<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2014-02-20\/jpmorgan-dad-starts-biotech-in-muscular-dystrophy-quest.html\" target=\"_blank\">Bloomberg<\/a> says: &#8220;Ganot, 40, a former Israeli army captain, is one of a generation of parents who are stepping in when medicine and industry don\u2019t move fast enough to save their children. Instead of the usual approach of forming or supporting an advocacy group, Ganot is using his roots in finance to start a business aimed at getting treatments to market.&#8221;<\/p>\n<p>Duchenne muscular dystrophy (DMD) is a recessive X-linked form of muscular dystrophy, affecting around 1 in 3,600 boys, which results in muscle degeneration and eventual death.<\/p>\n<p>\u201cHe\u2019s a really exceptional example of a parent who says, \u2018I\u2019m going to take my skills and apply them to this problem,\u2019\u201d said Sharon Hesterlee, vice president of research at Parent Project Muscular Dystrophy. \u201cYou want them to solve world peace after this.\u201d<\/p>\n<p>Alex Akesson<br \/>\nEditor for\u00a0<a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; A former hedge fund banker at JPMorgan has founded a biotechnology company after discovering that his son suffered from\u00a0Duchenne muscular dystrophy (DMD). Ilan Ganot\u00a0left his hedge fund career behind him and moved to Boston to peruse\u00a0a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[919,3],"tags":[],"class_list":["post-40747","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-research","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/40747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=40747"}],"version-history":[{"count":6,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/40747\/revisions"}],"predecessor-version":[{"id":40761,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/40747\/revisions\/40761"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=40747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=40747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=40747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}