This photo shows Trey Fischer and Michael McCaman, the co-founders of Orion Therapeutrics.
Michael McCaman (right) and Trey Fischer, two of four cofounders of Orion Therapeutics.
  • Michael McCaman cofounded a small biotech business when he was 68.
  • Many baby boomers like him are starting businesses late in life for things like more flexibility.
  • He's not on the payroll but chooses to work because he believes in the startup's mission.

For nearly a decade, Michael McCaman had an idea for a company — he just needed the right opportunity.

Two years ago, when he was 68, that opportunity arose: McCaman cofounded Orion Therapeutics, a small company developing new ways for RNA medicine to reach specific areas of the human body.