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SC Biotech Start-Up Attracts Venture Capital

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Our next guest has been involved in biotech start-up companies for the past 25 years.  Everything from running them, to investing in them, to taking them public, and sometimes selling them to major bio-pharmaceutical companies.  His latest venture involves a topical delivery system using compounds such as endocannabinoids and this start-up has attracted venture capital right here at home.

Mike Switzer interviews Scott Pancoast, CEO and founder of Zylö Therapeutics in Greenville, SC.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.