The Biotech Startups Podcast š§¬ Derek Hennecke - Kincell Bio - Part 2 | Taking Risks and Jumping for the Right Opportunity | The Willingness To Do, Opens Doors | Your Job is More than the Products It is Producing | Building Trust in Other Countries
Sep 12, 2024
32:23
As a podcast listener, you can redeem exclusive discounts with a growing list of biotech vendors and get $500 off your first equipment lease by using promo code āTBSPā on https://www.excedr.com/rewards.
Part 2 of 4.
Part 2 of 4.
My guest for this weekās episode is Derek Hennecke, a veteran biotech entrepreneur and board member with over 30 years of experience in the CDMO industry, whose mission is to support the biotech revolution and create value for patients, customers, and investors.
In addition to his Board work, Derek previously held leadership positions at DSM and was the Founder and CEO of Xcelience, which he eventually sold to Capsugel Lonza in 2016. Xcelience was a Florida-based CDMO that specialized in preformulation, micronization, analytical services, formulation development, cGMP manufacturing, and more. His extensive expertise in pharma and cell therapy makes for an insightful conversation that founders can learn from.
Join us this week and hear about:
- Derekās early challenges and financial hurdles he faced after moving to Europe for his MBA
- His first role in business development
- His managing transition, learning the ropes of leadership, and his joint venture experience in Mexico
- Derekās intricacies of managing a matrix organization and his experience as a product manager
Please enjoy my conversation with Derek Hennecke.
Find Our Guest, Derek Hennecke, at these links:
Find Our Guest, Derek Hennecke, at these links:
Find Our Host, Jon Chee, at these links:
Social & Website
LinkedIn: https://www.linkedin.com/company/excedr/
Youtube: https://www.youtube.com/@excedr
Instagram: https://www.instagram.com/excedr_inc
Twitter: https://twitter.com/ExcedrInc
Facebook: https://www.facebook.com/excedr
TikTok: https://www.tiktok.com/@excedr
Podcast Website: https://www.thebiotechstartupspodcast.com/
Timestamps:
00:28 Intro
01:50 Episode starts, starting with business development with Gist-brocades and then quickly moving to area business development manager
03:00 Derekās definition of business development and tips and tricks
06:27 The trials of traveling back and forth to North America and Derekās first time managing a team
11:20 The challenges of moving and running a joint venture in Mexico, the willingness to do new things
16:47 The balancing act of leading a 50/50 venture, communication, and building trust
24:18 Strategy to expand almost worldwide, buying a penicillin factory in Mexico City
26:59 Becoming a product manager and the roles it entailed, defining a matrix organization
31:18 Outro
The Biotech Startups Podcast gives you a front-row seat to the business and science of building a biotech. Hosted by Jon Chee, CEO of Excedr, the show features honest conversations with founders, execs, and investors about their work, their companies, and how they got there. From scientific breakthroughs to startup lessons, each episode explores what it really takes to grow a life science companyāfrom pre-seed to IPO.