JPMorgan Dad Starts Biotech in Muscular Dystrophy Quest

Ilan Ganot, a hedge fund banker at JPMorgan Chase & Co., left his life in finance to create a new business model aimed at developing drugs more quickly. His son’s life may depend on his success.

Since his 2-year-old was diagnosed a year ago with Duchenne muscular dystrophy, a fatal genetic disease, Ganot quit his job in London, moved his family to the Boston area, raised $17 million and founded a biotechnology company.