MONEY REIMAGINED: Decentralizing Big Purpose Ideas - Drug Discovery and Health
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 29 July 2022
⏱️ 30 minutes
🧾️ Download transcript
Summary
This episode is sponsored by Circle.
Can decentralized organizations help lower the costs of medications and accelerate medical research?
On today’s episode of “Money Reimagined,” host Michael Casey sits down with Genetic Networks Founder & Chairman Gennaro D'Urso to talk about his efforts to change the inefficiencies of Big Pharma by using a revolutionary DAO-like model to help fund drug discoveries and possibly cure future diseases.
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Money Reimagined listeners get a special discount on Converge22, Circle’s first annual conference on the blockchain-driven future of money. Coming this September, Converge22 is for change makers looking to build what’s next in Web3. Use the code “CoinDesk” at checkout https://hubs.li/Q01hpy4w0.
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This episode was produced by Nicole Link, edited by Michele Musso and announced by Adam B. Levine. Our theme song is “Shepard.”
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Transcript
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| 0:00.0 | And when I find generic drugs that might have a value, I have never been able to get |
| 0:05.6 | any pharmaceutical industry interested in that, even though they could be potentially |
| 0:09.5 | life-saving. |
| 0:10.5 | It's just not economically feasible, and I'm not complaining about pharma, and I would never |
| 0:14.6 | do that. |
| 0:15.6 | It's just that that model doesn't work. |
| 0:17.9 | So de-risking the risk of making drugs across millions and possibly billions of people |
| 0:24.8 | in a decentralized funding could be absolutely revolutionary. Remember, 7,500 drugs are approved, |
| 0:31.5 | and we have no idea what they could be used for. And I believe they can be used for many things. |
| 0:36.4 | This episode is sponsored by Circle. |
| 0:40.7 | Money is changing. So where do we go from here? Through high profile interviews and thought |
| 0:46.9 | provoking analysis, join Michael Casey and Sheila Warren for the Money Reimagined podcast as they |
| 0:52.9 | explore the connection between finance, human |
| 0:54.7 | culture, and are increasingly digital lives. |
| 0:59.1 | And just a reminder, CoinDesk is a new source and does not provide investment advice. |
| 1:04.5 | And now, here's Michael Casey. |
| 1:08.5 | Hello and welcome to Money Reimagined. |
| 1:10.5 | I'm Michael Casey. I'm on my lonesome today. Sheila is out for a week. |
| 1:14.0 | We're talking about medicine today, specifically the role that decentralized organizations or DAOs can play in helping to lower the astronomical cost of drug development and to accelerate it. |
| 1:25.2 | I'm joined by Giannauro Dursa, the founder and chairman of genetic networks, |
| 1:29.1 | whose idea for something he's calling Farmer Dow is getting a lot of attention. It's a radical |
| 1:33.8 | new way of getting around the inefficiencies and monopolistic behavior of big pharma, |
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