Paul Mampilly’s Myriad Genetics Pitch
Paul Mampilly was born in India in 1933. His mother passed away when he was three years old and his father when he was twenty years old. At the time of his birth, India’s economy was incredibly low. He put himself through college and later got a job in India in 1974.
In 1991, Paul Mampilly got a job at Bankers Trust working as an assistant Portfolio manager. Later on, he scooped a prestigious position at Beutsche Bank and ING. Here, he was responsible for multimillion dollar accounts. In 2006, he was recruited by Kinetics Assets to oversee their hedge fund. Kinestics assets appreciated to $25 billion. As a result, Barron named it “world’s best” hedge funds for making 25% returns annually. Paul Mampilly eventually quit his job and decided to help the average people make money from their investment. He founded Profits Unlimited.
Paul Mampilly, in his newsletter, made a pitch about Myriad Genetics. In his pitch, he praised the company for making a breakthrough in the medical field. He said that Myriad Genetics had come up with a new method that will do away with life-threatening diseases. Myriad Genetics seeks to analyze a person’s DNA then come up with a medicine that best fits their genes. Myriad Genetics is a located in Utah. Its CEO is a 25-year-old who is planning on using his contacts to bring top scientists from around the globe to work in the company.
Myriad Genetics does DNA sequencing to determine whether a person is predisposed to a particular disease and to determine which treatment will work for that person. Myriad Genetics’s sequencing targets breast cancer, lung cancer, ovarian cancer, uterine and prostate cancer.
Myriad Genetics makes its money by selling cancer tests or tests identifying cancer variants. Although they carry our other tests besides cancer, cancer testing is what bring in the revenue. Most of their money comes from breast and colon cancer testing because these tests help them identify people with high risks. These tests also help determine those in early stages. This way they are able to help them. Prevention possibilities attract insurers.
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