Mr. Meldrum married Catherine Marie Roper in 1970. She survives him, as do a son, Christopher; a brother, Daniel; and three grandsons.
He began a enterprise capital agency, Founders Fund, and in 1991 joined forces with Dr. Skolnick, a genetics researcher and professor on the college, to begin Myriad.
“The imaginative and prescient for the corporate was that we noticed a paradigm shift in drugs,” Mr. Meldrum stated in 2009, when he was inducted into the Utah Expertise Council’s Corridor of Fame. The shift was from treating illnesses to stopping them, utilizing the newly rising instruments of genetics.
“I informed Mark once we began Myriad that the percentages of us being profitable had been one in 10 within the expertise discipline,” Mr. Meldrum recalled in 2016, “so this was most likely going to go nowhere. However I informed him it’s an enchanting science and it’s going to be enjoyable.”
In response to critics of the BRCA patents, Mr. Meldrum and others argued that the flexibility to safe such patents was important to encouraging biotech firms to pursue analysis.
“Clearly, it’s not solely necessary for Myriad however to the biotechnology and agriculture industries to strengthen the truth that you may get patents on genes,” Mr. Meldrum stated in 2011, when an appeals court docket dominated within the firm’s favor within the case that finally went to the Supreme Courtroom. “That may solely encourage innovation and improvement of merchandise that may save lives and enhance the standard of lives.”
As for the associated fee concern, he argued in a letter to the editor printed in The New York Instances in 2013 that insurance coverage made the price of the check — about $three,000 on the time — negligible for most girls, and that the corporate additionally had a affected person help program that paid a lot or the entire price for eligible girls. Greater than 1,000,000 girls had used the corporate’s check at that time, the letter stated.
Along with his work at Myriad, Mr. Meldrum served on the boards of arts organizations like Ballet West and was famous for his philanthropic efforts on behalf of the humanities. After retiring, he was chairman of the Meldrum Basis, a household charity that helps the humanities, training and humanitarian efforts.