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"Live Players" with Samo Burja and Erik Torenberg
A Deep Dive on Big Pharma and Ozempic
Feb 13, 2024
46:04
Snipd AI
In this episode, Samo Burja and Erik Torenberg discuss the dysfunction of Big Pharma, its lack of innovation, and potential ramifications despite its economic power. They delve into the incentives behind scientific breakthroughs, truth vs profit, and changing the FDA's approval processes. They also explore healthcare spending, Ozempic, and future innovations in the medical industry.
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Quick takeaways
- The pharmaceutical industry needs to prioritize long-term scientific innovation and invest in scientifically-minded founders to drive medical advancements.
- Market and regulatory failures in the pharmaceutical industry can be mitigated by shifting the incentives of science funding, allowing commercialization of government-funded research, and encouraging startups emerging from academic research.
Deep dives
The Importance of Scientific Innovation in the Pharmaceutical Industry
The podcast discusses the lack of innovation in the pharmaceutical industry despite its economic potential. It highlights that while the industry is worth trillions of dollars, the output in terms of revolutionary medicine or extending human lifespan is underwhelming. The episode mentions AstraZeneca as an example of a company that focuses more on making lots of bets on patentable compounds rather than deep understanding of scientific domains. It also explores Novo Nordisk as an exception, which is a company dedicated to understanding the biology of diabetes, leading to significant breakthroughs. The episode suggests that the industry should prioritize long-term scientific innovation and invest in scientifically-minded founders to drive medical advancements.
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Listen to the best highlights from the podcasts you love and dive into the full episode