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"A willingness to take chances is part and parcel of innovation."

— Bob Duggan

Overview

Robert Duggan began his hands-on investment journey with the start-up artistry company Sunset Designs. Through his leadership and an initial $100k investment, Sunset Designs was ultimately acquired by Reckitt & Bensicker for $15m. He now has five decades of profitable business ventures to show for his dedication, as well as awards and a recurring spot on the Forbes Billionaires list.

Under Bob’s guidance, Pharmacyclics' stock price increased from $0.57 a share in Feb 2009, to $261.25 a share in May 2015. Pharmacyclics and its "miracle drug" IMBRUVICA® were acquired by AbbVie for $21 billion in May 2015. As of today, IMBRUVICA® continues its dramatic growth and success, with use in widening indications.

Duggan's active directorships have always manifested his philosophy of "not just making a difference -- but making a difference for the betterment of all involved."

Duggan continues to inspire innovation, direct noteworthy investments, and lead projects focused on cutting-edge biosciences. These include groundbreaking developments in cancer treatment, antimicrobial advancements, anti-aging technologies, and stem cell research, among other endeavors.

Education

Bob was educated at the University of California, where he majored in Business and Economics but did not pursue a degree.

His mentor was Herbert C. Kay, a Wharton fellow, and acclaimed Stanford alumnus. Duggan completed a full-time three-year apprenticeship under Kay's guidance, during which his roots as a venture capitalist were formed.

Timeline / Key Dates

2020

Summit Therapeutics redomiciled to Delaware, USA.

2019

Investor, Chairman & CEO — Summit Therapeutics

2017

Investor — Summit Therapeutics

2017

Investor & Board Member — Human Longevity Inc.

2017

Investor & Chairman of the Board — Pulse Biosciences

2016

Investor — Pulse Biosciences

2016

Presented with the Venky Narayanamurti Entrepreneurial Leadership Award

2016

Investor & Non-Executive Director — OxStem

2016

Founder, Investor & CEO — Duggan Investments

2016

Founder & CEO — Genius Inc.

2008 - 2015

Chairman & CEO — Pharmacyclics (PCYC)

2007

Director — Pharmacyclics (PCYC)

2004 - 2008

Investor — 2004 Initial open market purchase of PCYC shares. ’04 to ’08 accumulated in excess of 30% of PCYC.

2003 - 2011

Investor & Board Member — Intuitive Surgical

2003

Computer Motion merged with Intuitive Surgical (ISRG) — Became worldwide leader in medical robotics.

2000

Awarded Knight of the Legion of Honor by French President Jacques Chirac for work on robotic surgical technology

1997 - 2003

Founder, Investor & Chairman — Metropolis Media

1989 - 2003

Investor, Chairman & CEO — Computer Motion

1989

Trustee — UC Santa Barbara Foundation

1985

Presented the US Congressman’s Medal of Merit by Texas Congressman Dr. Ron Paul

1983 - 1988

Investor & Chairman of the Board — Communication Machinery Company

1980 - 1986

Investor — Government Technology Services Inc. (GTSI)

1976 - 1987

Founder, Investor, Chairman & CEO — Paradise Bakery

1971 - 1975

Investor & Board Member — Sunset Designs (Jiffy Stitchery)

1966 - 1968

Studied Business Management & Corporate Finance — Transferred to University of California, Los Angeles

1962

Studied Economics — University of California, Santa Barbara

1958

Attended St. Francis High School in Mountain View, Ca., graduated cum laude and V.P. of his student body.

1944

28 April Born in Oakland California; moved to San Jose/Santa Clara in 1948. Raised in San Jose/Santa Clara area.

Success

Some of Duggan’s notable accolades and successes include:

  • Received US Congressional Medal of Merit
  • Included on Forbes Billionaire list
  • Received a Key to the City of Shanghai
  • Named a Knight of the French Legion of Honor by French President Jacques Chirac, specifically for Duggan’s innovative thinking
  • Established two endowed professorships at UC Santa Barbara: Chairs in Mathematics, Life and Physical Sciences. Is a founding donor to the Institute for Energy Efficiency, the XIV Dalai Lama Chair in Tibetan Buddhism and Cultural Studies, Athletics, and is a member of the UC Santa Barbara Gold Circle Society

“The two P’s of perception and perfection are worth validating. One must perceive if one’s ideas are or are not workable. Perceiving requires looking without prejudice and seeing what you see. Not necessarily what you desire to see or what someone else insists you see. But really see, perceive, what is truly there.”

“The cherishing or pursuit of high or noble principles, purposes and goals can lead to levels of creation that spark unparalleled joy.”

“By striving to achieve great things, not just for yourself, but for the betterment of mankind, some will accuse you of being idealistic. Surely, there are worse things to be accused of.”

“Do continue as there is no limit to innovation, joy, happiness and wealth.”

Bob Duggan

Photos

Media

Brooksy — An Enlightened Society

Robert Duggan Biography

Forbes

New Biotech Chapter: An Antibiotics Quest

The Motley Fool

This Is One Incredible CEO

www.forbes.com

Forbes Profile: Robert Duggan

www.investopedia.com

How Robert Duggan became a billionaire

www.mercurynews.com

Sunnyvales Pharmacyclics sells for 21 billion

www.entrepreneur.com

Don’t just make a difference. Make a difference for the Better

www.forbes.com

Billionaire Robert Duggan’s Bet on Pharmacyclics stands among top trades of crisis era

www.huffpost.com

The Hiring Guru: Robert Duggan Billionaire

grantcardonetv.com

Video Interview: Power Players

www.fiercebiotech.com

Special report – Robert Duggan

www.news.ucsb.edu

Venky Narayanamurti Award

www.wired.com

Cutting edge surgical robots

www.firstwordpharma.com

Genoscience Pharma welcomes Pharmacyclics founders to its board of directors

menaentrepreneur.org

A close look at great entrepreneur Robert Duggan