but when satellos went looking for private sector investors, the reception was sometimes cautious, often unreceptive and even harsh.
“a brand new idea that challenges convention, as this one does, can be met in a number of ways. some people meet it with disbelief, but open arms. some people meet it with disbelief, but cynicism. we’ve experienced all of them,” said gleeson.
“over 10 years, we have lived the gamut of people slamming doors in our faces.”
among other things, gleeson said some people doubted the findings could be true, saying “how could we all have missed it?” either that or they were skeptical the company could figure out how to develop a drug to treat it.
“this is one of those radical scientific ideas. radical ideas being met with cynicism or skepticism is not new.”
but angel investors initially and professional biotechnology institutional investors later became interested in the small bioscience startup backed by encouraging results in animal models. the company — which rudnicki said has financially “run on fumes at times” — has now raised $73 million.
it has designed and produced a drug to stimulate the body’s ability to repair its own muscle damage.
among other things, the drug was tested on laboratory dogs in a pilot study. after four months, the dogs were back to nearly normal muscle strength. the number of dogs involved was too small to be statistically significant. still, pictures of their muscles going from damaged to nearly normal “floored” rudnicki.