The Science and Business of Innovative Medicines
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with Vas Narasimhan (@vasnarasimhan), Jorge Conde (@jorgecondebio), Vijay Pande (@vijaypande), and Sonal Chokshi (@smc90) On average, only 1 out of 20 medicines works when we actually bring them into the human body, and these rates of success haven’t moved much in the pharma industry overall in the past 15 years, despite much scientific progress. Because if you really think about it, it’s incredible that we find any human medicine that works at all, given that human beings are the product of billions of years of evolution, and represent an incredibly complex system we do not fully understand. Yet the business of the pharma industry — and Novartis in particular, which covers everything from generics to innovative medicines — is not that different from other large enterprises when it comes to managing R&D and pipelines of ideas, talent, and sales. So in this conversation, a16z bio general partners Jorge Conde and Vijay Pande with Sonal Chokshi interview Vas Narasimhan, CEO of Novartis. How does the world’s…