There is the raising of the series A financing that the Expansion Therapeutics is involved with, the primary purpose for this is that it will help with the fighting of genetic disorders in its portfolio. One of the disorder include the myotonic dystrophy that is well known being the first leading cause of muscular dystrophy in the adults. And because of the purpose of fighting these diseases, the company added $55.3 million. When the RNA reach the toxic level that’s when symptoms will present themselves. Some companies took part in the financing like Kleiner Perkins, Sanofi Ventures, Novartis ventures fund and 5 AM ventures that Scott Rocklage leads. The RNA that is causing the disorder are transferred in the body from DNA and then converted into proteins. When they reach the toxic level that’s when the condition will occur and that will cause so many organs in the body to become defective.
In 2003, that is when Scott Rocklage joined 5 AM Ventures. He first joined the company as the venture partner, but later in 2004, he became the managing partner. For over a decade he has been able to gain the experience that he has in healthcare management and strategic leadership. Before he joined the 5 AM Ventures, he had worked in some other companies like Cubist Pharmaceuticals as the CEO and chairman, the Nycomed Salutar as the president and CEO, and the various R$D positions that he has had. All those positions helped him a lot in gaining all the knowledge and experience that he has in leadership, healthcare, and science. With those three skills, he has become the most active leader in the world of healthcare.
He attended the University of California where he attained his B.S. in chemistry and later he joined the Massachusetts Institute of Technology where he got his Ph.D. in chemistry. He was so lucky because of he was among the lucky people that got the chance to attend and research in the Richard R. Schrock laboratory. He has one personality that has helped in achieving a lot when it comes to the healthcare management sector and that he is influential.
Connect with Scott Rocklage on LinkedIn.
Hussain Sajwani is one of the most successful businessmen and real estate moguls in the United Arab Emirates. His company, DAMAC Properties, has seen a lot of success.
Hussain Sajwani, the DAMAC owner, has also done a lot of deals with the current President of the United States, Donald J. Trump, while Donald Trump headed the Trump Organization. It is now run by his children, with whom Hussain Sajwani is close with as well.
In fact, during a speech on New Year’s Eve, Donald Trump, speaking at Mar-A-Lago during a private party with people who had been specifically invited, singled out Hussain Sajwani and his wife for praise. He mentioned them by name and talked about how much of a pleasure it was to know them and do business with them. The wife of Hussain Sajwani has been close with Ivanka Trump, the daughter of Donald Trump. He and his wife visited with Donald and Ivanka Trump at Mar-A-Lago during New Year’s Eve while Donald Trump was still the President Elect. However, Donald Trump said that he and Hussain Sajwani did not discuss business dealings during that specific time. At the time, Donald Trump was already preparing for the presidency and had given over the reigns of his business to his children in order to prevent a conflict of interest.
Hussain Sajwani is grateful for his financial success. That is why he donates so much money to charity. Hussain Sajwani wrote a check for two million Arab Emirates Dollars for needy children during Ramadan. The Red Crescent and the King of Dubai started a campaign in order to help out children who came from poor families and could not afford to get clothes that would keep them warm. Hussain Sajwani provided enough money to provide clothing for forty thousand children. The manager of the Red Crescent said that he was overwhelmed by Hussain Sajwani’s generous donation.
DAMAC Properties owns thousands of units in Dubai and the surrounding countries. DAMAC specializes in luxury hotels and residential units. Sajwani started DAMAC after seeing previous success in real estate.
Connect with Hussain Sajwani on LinkedIn.
Hussain Sajwani worked for his father in the family store when he was a teenager in Dubai. His entrepreneurial father ran a local variety store in Dubai and Hussain worked some very long hours after school. He told his father that he did not want to be self-employed on his own because the hours were so bad. He thought it would be better if he got a college degree and became a professional so he could work regular hours.
Hussain did obtain a scholarship to the University of Washington in the United States and he graduated with an engineering degree. He then went back to Dubai and went to work as an engineer for an oil company. That career ended, however when Hussain saw a business opportunity. He formed a catering company that provided the food for the United States Army during the Gulf Wars. This was a huge success for him and the company is still in business to this day.
Another big opportunity came about when the UAE made the announcement that the ban on foreigners immigrating to the UAE was lifted. This meant that there was going to be a real estate boom according to Sajwani. And he was correct all the way. It turned out that Sajwani was a suburb promoter and marketer. His skill in this area along with an instant demand created a very good future for the Hussain Sajwani family.
One of Sajwani’s top slogans read, “A New Bently for Each Apartment.” That type of publicity along with the excellent product offered by the DAMAC owner proved to be a winning strategy. His first construction project for apartments was totally sold out before the construction was even started.
Sajwani also was very conservative in his business practices as he always paid cash in advance for the purchase of land. As far as financing the rest of the project, he only financed 10 to 20 percent of the construction and finishing of the project. This has served him well as each project stands on its own. He also sets up separate bank accounts and accounting for each project.
Visit http://www.hussainsajwani.com/ to learn more.