Think Netflix subscription > pay per view
Read the full analysis by @JohnRex_NewAbx: https://amr.solutions/2024/10/14/plazomicin-achaogen-financial-post-mortem-passpasteur/
/end
Think Netflix subscription > pay per view
Read the full analysis by @JohnRex_NewAbx: https://amr.solutions/2024/10/14/plazomicin-achaogen-financial-post-mortem-passpasteur/
/end
We're not just losing drugs. We're losing the teams who know how to make them.
Talent is leaving the field. (The true cost of broken incentives)
We're not just losing drugs. We're losing the teams who know how to make them.
Talent is leaving the field. (The true cost of broken incentives)
But without a company behind it = limited global access
Like having a fire extinguisher no one can buy 🧯
But without a company behind it = limited global access
Like having a fire extinguisher no one can buy 🧯
- $500-600M to reach approval
- +$350M to keep it on market 10yrs
- Expected sales? Minimal
Because good stewardship = less use = bankruptcy 🤯
- $500-600M to reach approval
- +$350M to keep it on market 10yrs
- Expected sales? Minimal
Because good stewardship = less use = bankruptcy 🤯
Investors: "So we spend millions to create a drug that sits on a shelf?"
Scientists: "Yes! That's the point!"
Investors: *leaves chat*
Investors: "So we spend millions to create a drug that sits on a shelf?"
Scientists: "Yes! That's the point!"
Investors: *leaves chat*
- Spent 9 years developing plazomicin
- Got FDA approval in 2018
- Raised $776M (!!)
- Bankrupt by 2019
- Sold for pennies: $16M
The math wasn't mathing 📉
- Spent 9 years developing plazomicin
- Got FDA approval in 2018
- Raised $776M (!!)
- Bankrupt by 2019
- Sold for pennies: $16M
The math wasn't mathing 📉
1. #phagesky list
2. Starter pack bsky.app/starter-pack...
3. Starter pack bsky.app/starter-pack...
1. #phagesky list
2. Starter pack bsky.app/starter-pack...
3. Starter pack bsky.app/starter-pack...