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Prognosis: Misconception

One Drug's Journey

Prognosis: Misconception

Bloomberg

Health & Fitness, Science

4.1838 Ratings

🗓️ 10 December 2018

⏱️ 25 minutes

🧾️ Download transcript

Summary

When you pick up your prescription at the pharmacy, do you ever wonder how that pill made it your way? Who discovered it? Who believed in it when no one else did? Who invested the money to bring it to market? This week on Prognosis, Bloomberg's Rebecca Spalding tells the surprising journey of one life-saving drug, from discovery to market. It's a story about a Nobel Prize winner, cutting edge genetic research, billions of pharmaceutical dollars, and of all things, a worm. What does it tell us about health care in America?

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Transcript

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0:00.0

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0:07.3

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0:14.1

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0:26.3

Visit Bloomberg.com slash enterprise data to learn more.

0:34.5

Millions of Americans take prescription drugs, but how many of us really know how they were developed, or how they even work?

0:42.3

For most of us, drugs are just there. When you pick up your prescription from the pharmacy, you don't think about the billions of dollars that went into the research, or the scientific breakthroughs that paved the way.

0:56.7

Welcome to Prognosis, a podcast about health, medical technology, and the mind-blowing

1:02.0

innovation that's underway across the globe. I'm your host, Michelle Faye Cortez.

1:07.6

This week we're hearing the story of the strange circuitous path of one drug from the Eureka

1:12.4

moment to the market.

1:14.6

It's a story about a Nobel Prize winner, cutting-edge genetic research, billions of pharmaceutical

1:20.1

dollars, and of all things, a worm. In August, Alnilum, a $7 billion biotechnology company won approval to market its first drug.

1:36.5

The company hopes it will save the lives of roughly 50,000 patients who suffer from a rare

1:41.3

and ultimately fatal disorder.

1:46.7

But the price sounds outrageous.

1:52.9

Each patient, or rather the federal government and their insurance companies,

1:56.7

will have to pay about $345,000 every year.

2:00.4

Here's Rebecca Spalding, Bloomberg's Boston Biotech reporter,

2:02.8

on the 16-year journey of a single drug.

2:19.3

I'm here in Cambridge, Massachusetts, the global capital of the drug industry. As a pharmaceutical executive told me recently what New York is to finance and Paris is to culture, Cambridge is to science.

2:27.3

Its heart is a place called Kendall Square next to MIT.

...

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