Who is Lindsay Rosenwald?

Answer:
A leader in the ever-changing field of biotechnology.

Lindsay Rosenwald reached various typical and success task in field of medicine and biotechnology investment. Rosenwald's view to give a business opportunity for small companies could be much more benificial for growth, that is small companies have more power to grow more and fast.

In 1991, Lindsay Rosenwald founded the Paramount Group of Companies. That year he formed Paramount Biocapital Inc. which was a company that helps finance new companies in the biotechnology field. It provides financing in several areas, including start up and developing products. By 1994, he was the Chairman of the Paramount Group. A year later, Biocapital began to provide merchant banking for the life sciences industry.
Since its inception, the Paramount Group has grown substantially. The largest companies that have been added in its list are Paramount Biosciences and Paramount Corporate Development. Paramount Biosciences is an investment company, and Paramount Corporate Development is a development company. The company specializes in corporate and drug development within the group's portfolio companies.

Many companies Lindsay Rosenwald has founded through the Paramount Group have made a significant impact on the biotechnology field. Some of the companies he has found were immediately popular simply because they were formed. For example, he founded the first gene therapy company and cancer vaccine company that were traded publicly. One of his portfolio companies also set the record for the fastest FDA approval time for a medicine in the United States. That product was Arsenic Trioxide, which was developed to treat Leukemia. It went through the FDA approval process in less than 30 months. He also founded Cougar Biotechnology, which is the only company within the biotechnology field to be sold based on one product that had yet to complete the FDA approval process. In 2009, the company was bought by Johnson & Johnson for one billion dollars. The product they were so interested in was developed to treat prostate cancer.
First answer by ID1645085981. Last edit by Mahisingh1. Contributor trust: 0 [recommend contributorrecommended]. Question popularity: 5 [recommend question].

Can you answer these Business & Finance questions?

Relevant answers:

Related topics:

Shopping for Business & Finance deals?

Find Coupons and Promo Codes on Coupons by Answers.com

Related Ads:

Related ads:

Sign in using:

Answers.com members:



Join using:

Join Answers.com:




Why join?
Joining is free and easy. You can still be anonymous; just choose any username and password.

  • Get notified about updated answers
  • Follow your favorite categories
  • Get credit for your contributions
  • Customize your profile
  • Answer questions more easily
Not convinced? Read more.
Lost your password?

You may already have an Answers.com account.
Click here to connect your accounts.  

If you don't want to connect accounts, you can start a new one from scratch.
Minor details...


  

Connect your accounts...




Lost password?
Why do we need your email address?
We will use your email address to send you updates (if you request them) about questions you ask, answer or track, and to help you retrieve your password if you forget it.

Your email address will not be used for any other purpose without your permission.
Already have an Answers.com account? Connect your accounts!
By doing so, you include all of your history (contributions, messages, profile) from your Answers.com account in your Facebook account.

If you don't connect accounts, your new account will be starting from scratch.