Life Sciences

Speaker 1: The life science and healthcare industries are leaders in innovation. Technological development is accelerating at a massive pace in both sectors. It's a dynamic time, but also a time of uncertainty.

Lisa Gill: I think that the word disruptive is a word that's synonymous with healthcare today. At JPMorgan, we know the industries well. We know the trends. We know what institutional investors are going to be looking for.

Speaker 1: We know how to help founders raise funds, thrive, and succeed. It's at the core of what we do. We bring decades of experience in advising entrepreneurs and investors around the world, and while many entrepreneurs think they're not ready for JPMorgan, or that they're too small, we believe that while you might be small in size, it doesn't mean you're small in potential. Our commitment, combined with our ability to leverage JPMorgan's global network, allows us to find connections and opportunities for clients and those within our innovation economy ecosystem.

Sam Quinn: One of the reasons we started the life sciences practice is we saw a need in the sector, in the community, in the market for this type of advice.

Speaker 1: JPMorgan focuses on the things we excel at, so our clients can focus on their strengths too. They want a partner that understands what they do and what they think about, such as, "How do I manage my day-to-day operations, excess liquidity, and treasury payments? What can I do to expand my business internationally? And when should I start thinking about an exit plan, for myself and my business?" JPMorgan understands all of this. We're here to help both on the corporate and personal fronts. We'll work with you and your company across your entire lifecycle. That's one of the biggest strengths we offer to life science entrepreneurs and companies. We'll be there for you, from start to finish.

Purplesun's mission is to create the first standard for light-based technology. How hospitals provide disinfection for their patients and their equipment and their facilities. What we do inside of Purplesun S directly translates to changing how the health care works.

Purplesun is a modular paneling system that you can put any piece of equipment inside there and it's completely disinfected in 90 seconds.

Purplesun is an automated tool to disinfect these environments quickly with no human error and at a very high level of quality. Dynamics of information and volume and speed is what's been the biggest challenge. We were banking with another institution at the time. The red tape and the rigidity in their financial structure was actually hurting us.

Some things required going into the branch to be able to do, calling someone on the phone to be able to do. Once we heard from Luis that he had issues, it was a natural segue for us to say, hey, Cashflow 360 is going to be a great tool for you.

The connection with QuickBooks into Cashflow 360 has really made us a lot more efficient. It's all in one place and it's really organized. We actually get an email specific to us that we can integrate into the system. So you just give the vendor that email and they can just send the PDF of the invoice directly do that. Everyone can see all the bills at once.

As we've grown, we've definitely felt the pressure to have accurate information.

Because it's all on one platform and it all syncs so the information is the same whether you're looking at QuickBooks or you're looking at Cashflow 360.

We're in control. We know exactly what we're doing. I love it.

We've probably saved like three salaries worth in not have to hire additional people just for the purposes of managing all those invoices and all the vendors. We don't just want to be when there's an infection or when there's a problem you bring in Purplesun. We want to have a daily, sustainable impact to our customers and to hospitals in the community and the world.

As in each change, our biggest job becomes providing them with the resources, advice, to make sure that they can make smart decisions and we're delivering capabilities all along the way.

Having JP Morgan here, that's only going to fuel us to be the most innovative, influential company that the world has yet to see.