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Home / Business / Haier considers stem cell technology to be man's best friend

Haier considers stem cell technology to be man's best friend



On Sunday's "Shark Tank", a former science teacher and high school entrepreneur was on assignment to save man's best friend from aging creeping effects.

Aaron Hirschhorn is the founder of Gallant, a company that specializes in veterinary rejuvenating therapy and the storage of a pet's stem cells for later use in life. Hirschhorn became a believer in science after doctors used stem cell therapy to treat his sore back. Then he watched as his family dog, Rocky, suffered from debilitating arthritis, and wondered why there was no similar treatment for pets.

To help him beat his company, Hirschhorn brought along a group of puppies for the sharks to keep.

"If you were to flash ahead in just 10 short years, four of five of these little guys would suffer from devastating age-related ailments such as arthritis, blindness or worse," Hirschhorn said as some dressed as the gloomy reaper appeared to collect the puppies. Shark Mark Cuban refused to give up his puppy, Fred.

But what was even more frightening to the sharks than the grim reaper was Hirschhorn's valuation of Gallant at $ 25 million. He asked for $ 500,000 for just 2% of his company. The sharks moaned when the shark Daymond John lamented: "This is not going to end well."

<img class = "gnt_em_img_i" style = "height: 440px" data-gr = "lazy" data-gl-src = "https://www.gannett-cdn.com/presto/2019/11/18 /USAT/ce97ba80-7f94-442e-8ec4-9980e2771df0-153291_0017.jpg?width=660&height=440&fit=crop&format=pjpg&auto=webp "data-gl-srcset =" https://www.gannett-cdn.com/presto/ 2019/11/18 / USAT / ce97ba80-7f94-442e-8ec4-9980e2771df0-153291_0017.jpg? Width = 1320 & height = 880 & fit = crop & format = pjpg & auto = webp 2x "decoding =" async "alt =" Aaron Hirschhorn, a Philadelphia founder , banking on its advanced stem cell technology to save pets from diseases in the future [19659007] Hirschhorn has previous experience of making profits.After becoming unemployed in 2009, he and his wife started a dog care platform similar to Airbnb that generated more than $ 100 million before selling it to a larger company.

Gallant has two divisions: a therapeutic department that develops new stem cell treatments and a banking division where customers store pet stem cells one is a routine spray or neuter.

When it came to stem cells, the shark Kevin O. & # 39; Leary thought to himself, "Screw the dogs, I'll do this myself."

"You had to be castrated first," guest shark Anne Wojcicki replied.

 Anne Wojcicki, co-founder and CEO of 23andMe, was a guest shark on

The company's business model made Wojcicki, co-founder and CEO of 23andMe, nervous. Gallant charged customers $ 95 a year, but including payment to the vet, each stem cell equipment cost Gallant $ 375.

"For every sale you have, you lose money. You're going to decline because you don't want cash flow to support it," Wojcicki said. "It makes me really nervous that you're going to lose money on every single sets that go out the door, and it's going to be a few years to recapture. "


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