On this episode of Investor Connect, Hall T. Martin welcomes Ronan O'Hagan, President & CEO of Bectas Therapeutics Inc., a groundbreaking biotech company focused on revolutionizing precision oncology. Based in [City, State/Country], Bectas Therapeutics is committed to developing cancer therapies that target over 400,000 patients annually who do not benefit from the existing standard-of-care treatments.

Ronan O'Hagan boasts over two decades of experience in building biotech teams and businesses, contributing to the development of more than 20 Investigational New Drugs (INDs) and four approved drugs. As the President & CEO of Bectas Therapeutics, O'Hagan leads a team with a mission to provide personalized cancer therapies, increasing the probability of success by fivefold and significantly reducing both cost and time in clinical development. The Bectas advisory board includes luminaries such as Dr. James Allison, a Nobel Laureate for his work in immune oncology, and Dr. Keith Flaherty, a serial entrepreneur in precision oncology.

Bectas Therapeutics Inc. focuses on developing cancer therapies tailored for patients who do not benefit from existing standard treatments, a population exceeding 400,000 individuals annually. Their precision approach ensures each patient receives the right drug for their specific cancer, significantly improving the chances of success and reducing costs and time in clinical development.

Ronan discusses the company's precision cancer therapies, leveraging human patient data. Bectas aims to bring Best-In-Class therapies with a unique blood-based biomarker, promising rapid value creation and potential early exits for investors. O'Hagan emphasizes the significance of clinical proof of concept and highlights the company's mission-driven approach to cancer health equity.

Connect with Ronan O'Hagan and Bectas Therapeutics: LinkedIn: Ronan O'Hagan; Twitter: @ohaganr

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How Does Chapter 11 Bankruptcy Work?

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Chapter 11  bankruptcy reorganizes the company and sets up a debt repayment plan.

Here is how Chapter 11 works:

It starts with filing a petition with the bankruptcy court.

The debtor must file a list of assets and liabilities and a list of income and expenses.

The debtor stays in possession of the company and assets during the bankruptcy.

The debtor creates a proposed plan for repayment of debts for review by the bankruptcy trustee.

If the plan asks for any debt forgiveness from the creditors, then the creditors must approve the plan as well.

The debtor continues to operate the business while awaiting approval from the creditors.

The company that is a debtor in possession acts as the trustee of the company.

The debtor in possession can retain accountants, attorneys and others to assist with the filings. 

For companies that are sole proprietors, the filings include both the assets of the owner as well as the business.

A subchapter 5 under the Chapter 11 bankruptcy can speed the process of plan approval.

The bankruptcy trustee monitors the progress of the plan filing and approval.

During the process, all creditors are given a Stay which suspends any debt collections.

The debtor has 18 months to file a plan. 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
For Startups check out: https://tencapital.group/company-landing/ 
For eGuides check out: https://tencapital.group/education/ 
For upcoming Events, check out https://tencapital.group/events/  

For Feedback please contact info@tencapital.group   

Please follow, share, and leave a review.

Music courtesy of Bensound.