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The a16z Show

On Pharma Trends and Big Company Innovation

The a16z Show

a16z

Culture, Business, Science, Disruption, Technology, Software Eating The World, Entrepreneurship, Innovation

4.21.2K Ratings

🗓️ 11 January 2020

⏱️ 59 minutes

🧾️ Download transcript

Summary

with @vasnarasimhan @jorgecondebio @vijaypande @smc90 How does the world’s largest producer of medicines in terms of volume balance the science and  the business of innovation, from R&D to go to market to talent and more?

Transcript

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0:00.6

Hi, everyone. Welcome to the A6 and Z podcast. I'm Sonal. Today we have one of our reruns, which was recorded during the JPMorgan Healthcare Conference last year, where the A6 and Z Bio Team had a lot and has a lot going on this year as well. And it's with Voss Neurosimmon, the CEO of Navartis, one of the largest healthcare and pharmaceutical companies in the world.

0:22.3

In terms of volume, they're the largest producer of medicines, with 70 billion doses a year

0:27.1

across a wide range of therapeutic areas from cancer to cardiovascular disease and more.

0:32.7

Joining me to interview him are A6 and Z general partners Jorge Condé and VJ Pande from the A6 and Z bio team,

0:39.8

and we cover the latest trends in therapeutics, including the journey in chemistry and medicine,

0:45.2

from large molecules and antibodies and proteins to small molecules and other new modalities with

0:51.0

RNA and now moving more into the cell and gene engineered world.

0:55.1

We also cover when science becomes engineering and what does that mean at an industry and a

1:00.7

big company innovation level. And then we touch on topics such as clinical trials, healthcare

1:05.6

go-to-market, shifts in talent in the landscape, and startups working with big pharma.

1:17.5

But we begin with the business of science with R&D and innovation, both inside and out.

1:22.9

You build up R&D expertise in our industry over long periods of time.

1:26.6

If you think about cardiovascular disease, we've been in it 40, 50 years.

1:30.0

When you think about transplant and immunology, again, 40, 50 years,

1:31.6

oncology, 25 years.

1:34.2

So you build up an accumulated expertise.

1:39.3

And really the art of it is to make sure you have a depth of new medicines to keep filling your pipeline in each one of those therapeutic areas.

1:42.4

Now, there are instances where we find new breakthroughs and areas we're not in.

1:46.0

Those you have to really think about, are you going to really stay in that area for the long term?

1:50.7

The other element of the story is when you really have exhausted your pipeline.

1:54.8

We're not so good as an industry at this, but you have to also be prepared to exit, I think, areas where you're going to be subscale.

2:00.4

And that's something

...

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