As investment in the life sciences industry decreases, young companies struggle to keep the lights on. Young companies may overcome these challenges by implementing operational excellence (OpEx) early on in drug development rather than waiting until manufacturing startup.
As part of my professional consulting and patient advocacy work in healthcare, I have learned about AI and seen first-hand the difference it is already making for countless patients and physicians around the world.
Downturns like the current one highlight the need to move from an industry built for the next exit to one that’s built to benefit patients by prioritizing the best science and sustainable drug innovation.
I never thought I would leave academia. However, “a knock” on my career door presented me with an opportunity to join a biotech company with cell-free DNA testing. I considered my options carefully, spoke with family and mentors, and made the leap earlier this year.
What can we do to accelerate biosimilars’ path to market without compromising quality or safety? While clinical changes would likely take years, if not decades, to implement, innovations in CMC protocols may provide near-term solutions.
Global clinical trials will only continue to grow in importance because of the need to develop additional treatments and therapies, but this accelerated growth pace alongside a myriad of regulatory pressures means that having a dedicated risk and insurance strategy has never been more important for life sciences companies.
The relative paucity of population-specific clinical data highlights the importance of real-world evidence (RWE) as a means to more fully characterize the impact of medications on minority populations in the community setting.
Life science supply chains are highly complex and need to take into consideration IP, changing tax and market needs, growing reliance on third-party partners, and more. This all requires vigilant governance and risk management.
As an entrepreneur, day-to-day management, financing, and growth are critical aspects of the job. For those who also lean toward service, there’s an opportunity to extend beyond these daily concerns and think through a national approach.