Part 2 of 4. My guest for this week’s episode is Doug Drysdale, CEO at Cybin. Cybin is a clinical-stage biopharma company on a mission to create safe and effective psychedelic-based therapeutics. Their goal is to address the large unmet need for new and innovative treatment options for people who suffer from mental health conditions. Doug is an experienced investor, Corporate Director, and CEO, who has chaired the Board of a NASDAQ-listed company and, as a CEO for the past 12 years, has built and turned around 3 pharma companies. During Doug’s 30+ years of experience in the healthcare sector, he has formed cohesive management teams, recruited board members, completed 16 corporate acquisitions across three continents, and raised and invested around $4 billion of public and private capital. Before Cybin, Doug was Commercial Products Manager at DuPont Merck, Director of BD at Elan, VP of M&A at Actavis Group, CEO of Norwich Pharmaceuticals and Alvogen, CEO of Pernix Therapeutics, and CEO of Tedor Pharma. Doug’s extensive background as a seasoned executive, investor, and turn-around specialist gives him a wide range of experiences that founders can learn from.Join us this week and hear about:Doug’s experience in business developmentHis move from crunching numbers to leading dealsThe challenges of global BD strategiesDoug’s move from the UK to San DiegoHis intricacies of licensing and acquisitions in the pharma industry, and his experiences with Elan, Alpharma, and Actavis Please enjoy my conversation with Doug Drysdale.Timestamps:00:28 Intro01:48 Episode starts, Doug defines business development and how a scientist can break into BD04:21 Global vs. Regional BD, Immersing in travels 3 months at a time, Moving to the US08:09 Memorable deals at Elan, getting a crash course in financing while going through a layoff period14:34 Determining when to move on from Elan and start Alkensa18:33 Next journey after Alkensa to Forest Laboratories, Doug's first experience of bureaucracy in the workplace22:31 Moving from big pharma to generics at Alpharma, becoming head of M&A27:28 Doug's advice on identifying what you want to license and what makes for a good licensing deal, fundraising types at Alpharma29:15 Sell side vs. acquisition side30:23 OutroFind Our Guest, Doug Drysdale, at these links: https://www.linkedin.com/in/dougdrysdale/https://cybin.com/Find Our Host, Jon Chee, at these links: https://www.linkedin.com/in/joncheehttps://www.excedr.comSocial & WebsiteLinkedIn: 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/ Enriched Notes:Topics Mentioned:How to Fund an R&D Startup: First Steps a Founder Can Take https://www.excedr.com/resources/rd-startup-funding-first-stepsBiotech Funding for Startups: What Are Your Options? https://www.excedr.com/resources/biotech-startup-funding-optionsFinance https://www.excedr.com/category/financeEquipment Leasing vs. Financing: What's the Difference? https://www.excedr.com/blog/equipment-leasing-vs-financingTop VC Firms for Biotech in 2024: Supporting Innovation & Growth https://www.excedr.com/blog/top-vc-firms-for-biotechHow VC-Backed Startups Win When They Lease https://www.excedr.com/blog/how-vc-backed-startups-win-when-they-leaseVC Term Sheets: Definition, Key Components & More https://www.excedr.com/resources/venture-capital-term-sheetsWhat Is Series A, B, & C Funding? Series Funding Explained https://www.excedr.com/resources/series-funding-explainedThe Biotech Startups Podcast is handcrafted by our friends over at: fame.so