Suddenly, there were lots of new companies with big appetites for outside capital, which they needed in order to keep growing.
"Those are the institutions that might need outside capital to make it," he said.
The low return makes attracting outside capital difficult and bank borrowing expensive.
They had hoped for as much as $1 billion in outside capital to help out with the Texas situation.
No outside capital is expected to be involved in the deal.
That investment was the only outside capital the bank board was able to find for the transactions.
It's not going to happen that outside capital comes in without strings.
So, there isn't any flood of outside capital coming into the drug industry.
And once things begin to hum, outside capital will pour in.
The company was funded entirely by the founders, without outside capital.