Business Journals, Week of October 26

Page 1

TR US TE D J O U R NALI S M AT YO U R FI N G E RTI P S

OCTOBER 26, 2020 VOL. 56, No. 43

westfaironline.com

Westfair Businesspersons of the Year LEONARD SCHLEIFER GEORGE YANCOPOULOS 2020

CHINESE FOOD, ITALIAN FOOD AND MICE: THEGENIUS GENIUS OF REGENERON THE REGENERON BY PETER KATZ pkatz@westfairinc.com

A

mong the things that stand out in the background of the Business Journals’ Businesspersons of the Year for 2020 are a Chinese

restaurant, an Italian restaurant and the concept of making the immune systems of mice perform as if they were the immune systems of humans. It was a lunch in a Chinese restaurant that was pivotal for Tarrytown-based

Regeneron Pharmaceuticals Inc. founder Leonard Schleifer and a dinner at an Italian restaurant that helped reshape the career of company co-founder George Yancopoulos. As for the mice, one of the company’s scientific

breakthroughs has been in developing the methods to have the immune systems of mice create antibodies that are just like those that humans would create to fight off diseases. The antibodies can be harvested to develop med-

Frank J. Gaudio

Evan R. Corsello

203.302.4375

203.302.4003

President & CEO

Chief Lending Officer

CALL US TODAY

EXPERT LENDERS  COMMERCIAL & RESIDENTIAL

Port Chester – 914.908.5444 NMLS # 510513 500 Westchester Avenue

Cos Cob – 203.629.8400 444 E. Putnam Avenue

Stamford – 203.413.6101 900 Summer Street

ications such as the monoclonal antibody cocktail that has been undergoing clinical trials for treating Covid19. Regeneron’s REGN-COV2 cocktail was one of three drugs given to President Trump when he was hospitalized with the coronavirus at Walter Reed National Military Medical Center in Bethesda, Maryland. Trump, not knowing the name of the drug, called it simply “Regeneron,” giving the company instant worldwide recognition far outside of its normal scientific and business circles. Back in 1988, Schleifer was a young neurologist

and assistant professor at Cornell University who had an idea about starting a company that would come to be called Regeneron. The company’s name is derived from regenerating neurons, cells that transmit signals to other cells. “I decided to sort of figure out how I could get my hands on some money. And there was a neurology professor of mine, Frank Petito whose father, and everybody knew Frank Petito came from people who were in the business world; he was associated with that, and it turns out his father » REGENERON

6


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.