Paragon Biosciences is a Chicago-based company that develops treatments for unmet medical diseases. They both incubate startup firms and invest in them. This company was established by Jeffrey Aronin who is also its chairman of the board and chief executive officer. He has been in the healthcare industry for over 20 years and has founded a large number of companies during that time.
To date, Jeffrey Aronin’s company has 13 drugs that have received FDA approval. Paragon Biosciences is comprised of leading talent which is focused on helping people who have a disease that hasn’t received much attention because it is rare. The types of diseases they research have 200,000 or fewer people with it. The success rate has been high at Jeffrey Aronin’s firm and approaches that of the big pharmaceutical and biotechnology businesses.
Each startup that is incubated by Paragon Biosciences is provided with the financial and human resources they need to develop innovative medicines. Jeffrey Aronin says that he enjoys giving support to entrepreneurs in the healthcare industry who want to create new ways of helping people. The goal is to bring together tenacity, creativity, and enthusiasm in order to help people whose medical needs are going unmet.
Over the years Jeffrey Aronin has earned a number of awards and other honors for helping people in need. His latest award, which he won in 2017, was the Weizmann Leadership Award. In 2010 the Illinois Holocaust Museum & Education Center awarded him with their prestigious Humanitarian Award. In 2007, the Epilepsy Foundation for Greater Chicago gave Jeffrey Aronin their Rovner Award. Ernst & Young named him in 2006 one of their Midwest Entrepreneur of the Year finalists.
He is also a dedicated philanthropist as he believes in giving back to the community. Jeffrey Aronin has financially supported many nonprofits over the years such as Susan G. Komen for the Cure, the Cystic Fibrosis Foundation, Liver Life Challenge, the Juvenile Diabetes Research Foundation, and the Pediatric Sun Protection Foundation. He also supports nonprofits that focus on children and education including the Boys and Girls Club of Chicago, the Jewish United Fund, and the Chicago Parks Foundation.