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Business Of Biotech
Steering Through Setbacks with AVEO Oncology's Michael Bailey
Aug 19, 2024
Michael Bailey, CEO of Aveo Oncology and a seasoned leader in drug commercialization at firms like GSK and Genentech, shares his journey through biopharma's highs and lows. He discusses the resilience required to navigate setbacks, especially during the pandemic, and the art of knowing when to push forward or pivot. Bailey emphasizes the importance of collaboration, tailored strategies, and maintaining a patient-centric mission, while also offering career insights for aspiring biotech professionals drawn from his unique path in the industry.
58:06
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Quick takeaways
- Michael Bailey emphasizes the importance of learning from setbacks in biopharma, showcasing resilience and pivoting toward successful drug launches like Fotivda.
- The podcast contrasts the operational differences between big pharma and biotech, highlighting the necessity for agile strategies in smaller companies with limited resources.
Deep dives
Early Career and Key Successes
Michael Bailey began his career in biopharma sales and marketing at GSK, where he gained invaluable experience before moving to Genentech as a group manager focusing on cardiovascular programs. His subsequent role at MClone, now part of Eli Lilly, as the senior VP of commercial operations further solidified his expertise, leading to notable achievements including the launch of blockbuster products like Erbitux. Over 16 years, Bailey honed his skills by navigating diverse challenges and successfully launching multiple antibody therapies, ultimately transitioning to leadership roles at Cinta Pharmaceuticals and Aveo Oncology. Each of these experiences not only enhanced his commercial acumen but also contributed to significant advancements in patient care through innovative therapeutics.
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Discover
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