Keep pulling the thread on Bobby Long.
Piedmont Capital Partners is funding an Alzheimer's drug developed by Dr. Frank Longo, the former chief of neurology at Stanford University, an effort that began in 2013.
The Alzheimer's drug candidate backed by Piedmont Capital Partners is based on a novel mechanism of action that is distinct from the approaches historically pursued by major pharmaceutical companies.
The Alzheimer's drug candidate developed by Dr. Frank Longo is an oral pill, not an infusion, and is designed to cross the blood-brain barrier to fortify synaptic connections.
The therapeutic approach of fortifying synaptic connections, used in Dr. Frank Longo's Alzheimer's drug, is hypothesized to be effective for other neurodegenerative conditions such as neuropathy, Lewy body dementia, Parkinson's disease, and Huntington's disease.
A Phase 2a clinical trial of Dr. Frank Longo's Alzheimer's drug candidate provided clear evidence that it successfully fortifies synaptic connections in the brain.
The solid-state battery company backed by Piedmont Capital Partners is now ready for production and is manufacturing units on its pilot line.
The solid-state battery developed by Piedmont Capital Partners' portfolio company is expected to offer superior performance with significantly faster charge times and higher energy density than existing battery technologies.
In 2007, Bobby Long personally guaranteed a four-year title sponsorship via a letter of credit to prevent the Greensboro PGA Tour event from being cancelled.
Bobby Long's first company, Longmiller and Associates, developed and successfully marketed a corporate life insurance product designed to help banks fund employee medical expenses.
Bobby Long's battery company did not pursue a partnership with Tesla based on the perception that Tesla's corporate strategy is to avoid paying for externally developed technology.
Bobby Long sold his company, Longmiller and Associates, at age 46 primarily to optimize his tax liability, shifting from ordinary income tax on earnings to capital gains tax on the sale.
Henry Kravis advised Bobby Long to establish a venture capital presence in North Carolina, citing a lack of local funding for the state's many prominent scientists.