Ted Karkus is entrepreneur and CEO of ProPhase Labs. He restructured the entire company, turned it around and sold the Cold-EEZE Cold Remedy brand for $50 million. He previously financed and advised ID Biomedical, a biotech company, when it was near bankruptcy. The company was eventually sold for more than $1.4 billion. He graduated from Tufts University Magna Cum Laude in 1981 and Columbia Business School (MBA) with Beta Gamma Sigma honors in 1984.