Pharmaceutical and Biotech Seed Capital Investing with Bill Garner, M.D. (2 of 4)

Master Your Money

Question 2: What was your worst day in this business? Scott, there are many challenges. I remember being in lower Manhattan in the rain five miles from where I was living. I decided to walk without an umbrella as I did not want to miss a critical call on the subway. I knew I would get a call on a clinical trial that would determine the fate of our company. I had bet so much that by the time I got to my house I would know if I would lose it. Well the trial was very, very positive, more so than any trial in the disease in over 15 years. However, it was the GFC (Explain?) and one of our executives had turned out to have misrepresented his background. So, the trial was positive but I lost my apartment. It is my fault for sticking with the problem employee. Question 3: What was your best day? There are priceless experiences. Like having lunch and a lot of drinks with Sir James Black who developed beta-blockers and drugs like Tagamet. Selling a bunch of stock from my couch in PR so I could fund several more deals.