Creating unique cultures that motivate your inherently diverse teams for the long haul to FDA approval is the secret to recruitment and retention in pharma where competition for highly skilled workers is fierce. It is also the key to achieving high performance and employee satisfaction.
Former Pfizer exec and current partner at VC firm Polaris Partners Amy Schulman talks about what it takes to lead a pharma startup.
As CEO of Ensysce Biosciences, a semi-virtual company with three employees, Lynn Kirkpatrick, Ph.D., knows all about the funding struggles of a small company.
Drug companies have begun experimenting with value-based models, largely in response to public outrage over the cost of prescription drugs and the U.S. government’s efforts to rein in those costs.
This is the first in a two-part series on value-based healthcare. In Part II, Life Science Leader will look at value-based models used to determine the price of drugs.
Chronic pressure is a way of life for those starting pharmaceutical companies. It’s a life filled with rounds of funding, investor demands, performance deadlines, and possible compound failures. But what if the technology owned by a startup drug discovery company was suddenly in demand by some of the world’s largest food and beverage corporations? What if that opportunity gives you the flexibility and time to conduct your research on your own timetable?
Ask life sciences industry leaders and experts about blockchain and you will hear it called everything from “a game changer” to “a major disrupter.” According to the hype, the technology behind cryptocurrencies, like bitcoin, is going to completely transform day-to-day operations for life sciences companies.
As the biotech sector in the U.S. continues to grow, it is doing so not just in hubs, but in smaller places like New Hampshire — where some of the state’s biopharma entrepreneurs say: “Smaller is better.”
To take the pulse of the biopharma industry, Life Science Leader tracked down four CEOs age 40 and under. These are the people at the forefront of innovation — something that is no easy task in a heavily regulated, patient-centered industry. Biotech is not tech. Heading up a company that is developing a pharmaceutical is a lot more challenging and riskier than starting one in your garage that is developing the next mobile phone app.
Roger Newton still remembers the day in November of 1997 when he tripped over a pile of books in a Borders Bookstore in Ann Arbor, MI. He looked down on a back cover of one of the books to see the words: “Don’t let your company kill you.” He turned the book over and saw the title of Robert E. Quinn’s book, Deep Change: Discovering the Leader Within. His life and career would never be the same.
Amorsa Therapeutics has accomplished something rare — if not unheard of. The company, founded in 2013, was self-funded for three years before entering into a strategic partnership with Janssen Pharmaceuticals in January 2017. This journey was made possible by industry experience, scientific expertise, and rock-solid confidence in their choice of therapeutic target.
After the worldwide success of statins, no one expected the epic failure of a class of drugs designed by the biggest names in Big Pharma to double the reduction in cardiac risk seen with statins alone. Statins lowered LDL, the bad cholesterol. The new drugs, called cholesteryl ester transfer protein (CETP) inhibitors, would raise HDL, the good cholesterol. Taken together, the drugs would reduce risk of cardiovascular events by up to 80 percent — or at least that was the idea.
The last in our five-part series examining the current state of the counterfeit medicines problem. Previous stories looked at efforts to quantify the crime, examined the issue from the perspective of the industry giant Pfizer, described how an international coalition is fighting the crime, and highlighted the latest programs aimed at teaching the public how to safely shop for medicines online.
This is the final article in a four-part Life Science Leader series examining the current state of the counterfeit medicines problem. Previous stories looked at efforts to quantify the crime, examined the issue from the perspective of industry giant Pfizer, and described what is being done by an international coalition to fight the crime.
Following the Great Recession of 2007-09, leaders in Michigan came up with a plan for diversifying its industries. The state’s dependence on the automobile industry, the country’s largest, had threatened to cripple its entire economy until the federal government intervened. The state — and the companies — might not be so lucky next time. So, the plan for a more diversified Michigan of the future includes looking to one of its core industries of the past: the life sciences.
It’s a sobering trend for the pharmaceutical industry. The counterfeit medicines market is growing at twice the rate of the market for legitimate prescription drugs. So what can be done?
As he walked through the former home of Ben Venue Laboratories, Niels Lynge Agerbæk didn’t see the previous failures the facility had endured.
This is the second article in a five-part Life Science Leader series examining the current state of the counterfeit medicines problem. A previous story looked at efforts to quantify the crime. Upcoming stories will look at what is being done by one international coalition to fight the crime, describe efforts to educate patients, and profile a company working to put unique identifiers on individual pills.
There is a serious push to make Texas the “Third Coast” of biotech and Austin, in particular, a new hub for the industry.
The first of a four-part, in-depth series on the ongoing problem of counterfeit medicines. In this article, we talk about how the Counterfeit Incidence System (CIS) is better tracking the number of law enforcement cases involving pharmaceutical crimes.