Sometimes angel investors really do come out of the blue just like angels as seen in this article from the San Diego Union Tribune. Amylin Pharmaceuticals was saved by an investment made by a self-made entrepreneur turned angel investor, Allen Andersson, who believed in this company because its new drug could help his own daughter.
The company is working on its second major drug and Andersson is doing more deals due to the success they had together. A great story and well worth a read.
Thanks to Ben Cunningham for passing this along.
