“A Transformative Year in Medicine”

2017 will be remembered as an exciting year for biopharmaceutical innovation. Not only did we experience some tremendous medical breakthroughs that will improve the lives of patients, we also witnessed policymakers take positive steps to help ensure prescription medicines are accessible and affordable for patients.

In an op-ed published by The Hill, BIO President and CEO Jim Greenwood recounts some of the important achievements that took place last year, both in America’s research labs and the halls of Congress. He also explains why any future action on prescription drugs needs to take a “holistic approach,” one that recognizes the unique roles others play within our health care system, including insurers and hospitals. As Jim notes, “Anything less would be misleading and do little for patients at the pharmacy counter.”

To read the full op-ed by Jim Greenwood, click here.

To learn about the responsible steps policymakers should take on prescription drug costs, click here.

 

Anyone involved on the corporate/finance end of things?

Just curious!

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Resolve to Focus on What Matters Most About Your Health (It’s Not GMOs)

At this time of year, you see lots of stories about making New Year’s resolutions: losing weight, improving one’s health, and just generally making changes in one’s life.

Whether people can stick with these resolutions is debatable, but one thing that IS true is that there are a lot people putting trendy health claims out there to take advantage of this “New Year, New You” trend that happens every January.

One trend that you DON’T have to worry about is avoiding GMOs. GMOs are just as safe, healthy, and nutritious as any other food that you eat. Sometimes even MORE nutritious!

In a new blog post for GMO Answers, Registered Dietitian Amber Pankonin tells us what you SHOULD focus on, instead of fad diets, scare tactics and just plain woo, in order to have a healthier 2018.

  1. Read the ingredients.
  2. Consider your portion size and cooking method.
  3. Balance your plate.
  4. Know your numbers.

It’s that simple. Follow these steps and you can accomplish those goals.  So, instead of jumping on the latest fad diet or resolving to give up GMOs in 2018, focus on what matters most about your health. We should let science be our guide and not fear-based marketing.

To read Amber’s entire post, please visit the GMO Answers Medium page. And if you have any more questions about GMOs, visit the GMO Answers website to explore and learn the science behind this technology.

Value of sitting on proposal review panels?

I’m an R&D scientist in a small biotech company. My boss asked if I was interested in sitting on grant review panels, and I’m not quite sure. Is it worth it as an industry scientist to sit on proposal review panels? Will this be perceived positively in terms of professional development? For me, it just seems like I’m losing a few days work to sit on a committee that doesn’t directly benefit me or my company. Thoughts?

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ICYMI: WSJ Editors on “Biotech’s Breakthrough Year”

2017 was an amazing year for biomedical advances, with 46 novel drug approvals, a near record – more than double the number in 2016 and the highest since 1996.

Beyond the sheer number of novel new drugs approved, 2017 also stands out as a year of many firsts, with the approvals of the first CAR T-cell immunotherapies from Novartis and Kite Pharma as well as the first gene therapy that targets a disease caused by a specific genetic defect, Spark Therapeutics’ Luxurna. As the Wall Street Journal explains in a recent editorial:

Luxturna uses a virus as a vehicle to insert a normal copy of the gene directly into a patient’s retinal cells. According to the FDA, patients who received Luxturna in a trial “demonstrated significant improvements in their ability to complete [an] obstacle course at low light levels as compared to the control group.”

Gene therapy has shown promise in early trials for other disorders caused by monogenetic mutations such as hemophilia, sickle cell disease and Duchenne muscular dystrophy. It will be more difficult to treat maladies caused by multiple genetic mutations, but companies are investing billions in curative therapies.

The editors also explain the technology behind the new CAR T-cell treatments:

Researchers are also making strides using cell-based gene therapy to treat persistent cancers. The FDA this year approved two CAR T-cell therapies for blood cancers, which in trials produced nearly miraculous results for patients who had failed to respond to other treatments. The therapy re-engineers a patient’s white blood cells by combining the defensive properties of B-cells with the offensive machinery of T-cells. Patients receive infusions of CAR T-cells, which target an antigen unique to cancer cells. As a bonus, CAR T-cell infusions produce less debilitating side effects than traditional treatments.

In a clinical trial of patients with large B-cell lymphomas, Yescarta by Kite Pharma (now owned by Gilead) produced an overall three-month response rate of 82% with 54% of patients experiencing complete remission. Fewer than 10% of non-Hodgkin lymphoma patients respond completely to traditional therapies. Likewise, 83% of pediatric patients with acute lymphoblastic leukemia responded within three months to Novartis’s Kymriah CAR T-cell therapy.

 

But as the Journal’s editors note, these breakthroughs didn’t happen in a vacuum – smart public policy played an important role in bringing these technologies through the complex and expensive development process necessary to bring a new medicine from a discovery in the lab through to FDA approval:

A 2012 law encourages development of treatments for pediatric orphan diseases by allowing the FDA to award priority-review vouchers that pharmaceutical companies like Spark Therapeutics can later redeem for fast-track review of other drug treatments. The vouchers have boosted research in rare diseases.

 

And while we’ve seen a number of other smart policies enacted over the past few years, including the 21st Century Cures Act and reauthorization of the Prescription Drug User Fee Act (PDUFA), continued innovation will equally require that bad public policies – such as exposing American patients to potentially counterfeit, unsafe drugs from abroad or imposing restrictions on which medicines Medicare beneficiaries may use – as well as flawed methodologies for valuing new medicines – be unequivocally rejected.

The way to continue the success of 2017 in the next year is clear: build upon the policies that are proven to work to ensure more patients have access to the innovative cures and treatments they need.

Read the full WSJ piece here.

In 2017, my biotech strategy outperformed the market by almost 100%

I applied value investing principles to clinical-stage biotech stocks and had great results https://medium.com/the-mission/year-end-portfolio-review-8f5927602187

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Guardians of the Galaxy

Guardians of the Galaxy

Uber Says Its Technology Is Superior to Google’s Waymo (and Therefore Did Not Steal It)

The companies have been embroiled in a legal battle that started last year.

Leadership Lessons From the Final Four Coaches

Some are tough; Some are friendly; all are winners

Why All Entrepreneurs Need a 30-Month Mindset

Short-term planning leads too many entrepreneurs to longterm failure.

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