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March 16 Want Generic Biotech? You Might Wait 14 More Yearshttp://blogs.wsj.com/health/2008/03/14/want-generic-biotech-you-might-wait-14-more-years/ In any negotiation, there is no substitute to getting your number on the table first! It's a shame that the Generic Pharmaceutical Association didn't have the same negotiation professor that I had :) Honestly, Anna Eshoo (D-Calif.) and Joe Barton (R-Tx.) might be reaching for the stars with H.R. 5629, the Pathway for Biosimilars Act (http://eshoo.house.gov/images//biosimilars%20summary.pdf), but it is good to see that someone is willing to fight for the Life Science Industries right to return value and remain incentivized. Something tells me that California's 14th district (Eshoo's district) includes the Biotech corridor. However, in my opinion, I think that like in all good negotiations, the right number is somewhere between the two positions. Hopefully this segment of the industry can find that balance and make certain that the value to the company is protected, while the general public can get the affordable biologics that they need. Patent Absurdity
I would encourage everyone to read this article. http://online.wsj.com/article/SB120535959743831617.html?mod=sphere_wd#
My concern is simply around the threat against the incentive that drug companies have to continually innovate. I recognize that there needs to be some work with respect to price tiering in those markets where it makes sense, and in doing so the drug companies might better avoid the tipping point that may be coming around this issue, but the fact of the matter is that the world is better off pharmacologically speaking thanks to the work of primarily US based Pharma companies. The incentive, ultimately, is shareholder value. We must protect the ability of companies such as Roch and Pfizer to generate continued and sustainable value for those who chose to risk their own capital in these organizations. March 14 Talking about Metabolic Pathway Diagrams with WPFHello. My name is Michael Naimoli and I'm a Director at Microsoft responsible for a team of brilliant people all working to make a difference in the Life Sciences industry. This industry is complex to say the least. Most interesting about it is the fact that it struggles to be innovative, but must do so in a risk averse climate. I don't mean to minimize the fact that this industry is full of some high rollers...but consider what they're up against! Sam Batterman, one of my colleagues at Microsoft, has been working hard to understand how these organizations manage the complexity of the data available to them. Take some time and review some of his latest postings. Quote: This is from Sam Batterman's Blog Metabolic Pathway Diagrams with WPF |
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