Biotech Fund Legend Isaly Harassed Women at Firm, Stat Reports
(Bloomberg) -- Sam Isaly, the managing partner of OrbiMed Advisors, sexually harassed a series of women at the health-focused investing firm he ran, Stat News reported on Tuesday.
Isaly showed hardcore pornography at the office, kept a set of breast implants on his desk that he would massage like a stress ball, and verbally abused female employees, Stat reported.
The report is based on interviews with five people who said they were either subject to or witnessed Isaly’s actions. Four of them spoke anonymously, Stat said, citing fear of repercussions. Stat is a health-industry focused publication produced by Boston Globe Media, the parent company for the Boston Globe.
The firm manages about $14 billion, according to its website. Isaly consistently beat the S&P 500 for 25 years straight, from 1990 to 2015, according to Barron’s Magazine.
Isaly and OrbiMed didn’t immediately respond to requests for comment on Tuesday night. He denied the allegations of sexual harassment to Stat, which after the story posted subsequently reported that the investment firm had hired an outside law firm to look into the claims.
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