In this part of his Pharmaceutical Executive video interview, Jonathan Scheinberg, of the Northeast Science and Technology Center, explains how can companies position themselves to attract VC/federal funding, and identifies potential regulatory and policy implications of these trends.
It all comes down to the efficacy of the therapy of the company. That's the bottom line. If you have a promising therapy, I think you know coming into 2025 liquidity is coming back, and I think a number of venture companies, venture funds, will have a better ear for, you know, those promising therapies than was two years ago. Any company with a promising therapy can actually reach out to NIH, National Institute of Health, is effectively backed by the taxpayer, trying to move forward, you know, health initiatives across the country. So, I would advise any company that that thinks they have a promising therapy to reach out to them. They're receptive. That’s their job.
Over the past year, there's been a lot of talk in Congress, and actually, it's moved into action of repatriating the manufacturing and the research on the development of these therapies back into the United States. If you look at the bio secure act with which passed in the House, I believe, about a week ago, that act was written to address security concerns between the United States and pharma. You know, pharmaceutical and biotech industry vis a vis China, they specifically mentioned a company called WuXi AppTec and all their affiliates, the Biosecure Act. Also, you know, mentions that, you know, the data that is being procured by. Or produced by these companies in China, doing trials and third party research on behalf of American companies is not secure, is being shared with the Chinese government and so on and so forth.
So, this act basically mandates that, over a period of time, that American companies have to bring back this research and development back to the nationally, domestically, I should say that's going to have a profound impact on companies taking space for domestic contract research organizations, CDMOs, CROs and CMOs are going to have to have to fill the shoes of those Chinese companies, you know, and bring that domestically, back here. So, I do think it's going to have wide ranging impacts on those companies, first of all, growing in this country, right? Because the American companies are going to have to effectively extricate themselves from these Chinese companies and bring it here. And those companies are going to have to hire a lot of people.
So, we're going to have to address that a lot of colleges are going to have to prepare for programs for people to understand how to actually do this science and work on this manufacturing. And you're going to have a lot of companies taking space and locations where there is existing space and existing talent pool, I think will do extremely well. You know, areas like Northern Jersey, New York area, Philadelphia, North Carolina, where they have existing manufacturing facilities in place and a history of that, I think will do extremely well in response to this, this Biosecure Act.
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Planning for Unique Challenges Faced by Cell & Gene Therapy Developers
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Pricing Climate Impacting Commercial Considerations
May 3rd 2024In this Pharmaceutical Executive video interview, Jesse Mendelsohn, senior vice president at Model N, talks about the influence of Medicare Part D drug price negotiations on manufacturer go-to-market strategies and decision-making, and the industry’s response to the wider dialogue on pricing transparency.