4 ms·
Then what are the phase 3s relying on? Why is it so hard for such a bunch of supposedly smart people to figure out why their expensive trials are not successful
by ramraj07 3y ago
Then what are the phase 3s relying on? Why is it so hard for such a bunch of supposedly smart people to figure out why their expensive trials are not successful often? Here’s a simple answer: it doesn’t actually matter to the individuals. They still get paid.
I’m from the academic side in the sense have talked to many folks who quit industry to start jobs and come from a lab that did get a drug into the market eventually. I might not know this “secret data” you speak of but given the results are crap, I think they speak for themselves anyway.
- refurb 3y ago> Here’s a simple answer: it doesn’t actually matter to the individuals. They still get paid. I'm wondering how much you're actually involved in research to make a statement like that. Scientists at these companies are likely out of a job if the trials aren't successful (especially for start-ups that have one shot). The answer is - when you're developing a brand new molecule, often for a recently discovered pathway, in a biological organism that is so complex we barely understand it, failure shouldn't be surprising.
- sudosysgen 3y agoMost startups that aim to market a drug don't work like that. The majority just buy the rights to a molecule from academic research, perhaps the founder's research. Before any trials, they have to raise a lot of money, more than enough to pay the founders, so even if the trials fail, the people that make the decisions still get paid. The large drug companies don't develop many new drugs anymore, and they don't fire their scientists when a trial fails. The people that make the decision on whether or not to move to clinical trials from preclinical data are not necessarily scientists either and they certainly will not be fired. Their decision on whether or not to proceed with trials is far more complicated than for an academic or an early startup such that it can make sense for a large pharma company to attempt a trial even if it is unlikely to work if the expected payoff is sufficient. They will definitely still get paid.
- refurb 3y agoThis is wrong on a few points. Yes, scientists still get paid but the draw of start ups (like tech) is lower pay, and potential upside through equity. So if the drug fails, they just lost a significant amount of money versus staying in big pharma, and they lost their job. And for big pharma, if you don’t create new drugs, the company revenue falls and lay offs occur (like what is happening right now at several big pharma). The risk is much higher at a start up that it’s “do or die”, than big pharma, but it’s still there. Go and look at the massive layoffs that Pfizer, BMS, and other big pharma have done over the years.
- sudosysgen 2y ago> Yes, scientists still get paid but the draw of start ups (like tech) is lower pay, and potential upside through equity. > So if the drug fails, they just lost a significant amount of money versus staying in big pharma, and they lost their job. This is true of the scientists that aren't making the decisions. The ones that do make decisions are going to be able to retire if the startup was funded enough for clinical trials. > And for big pharma, if you don’t create new drugs, the company revenue falls and lay offs occur (like what is happening right now at several big pharma). Do you have data according to which the current layoffs in big pharmas are significantly affecting decision-makers? Because that's the matter at hand. As far as revenue decline, sure, for a given definition of "new drugs". The actual argument I've put forwards is that for a big pharma, it can make sense to run trials which are unlikely to succeed and with limited clinical utility if the financial upside is sufficient, which is not true for uni labs or biotech startups. > Go and look at the massive layoffs that Pfizer, BMS, and other big pharma have done over the years. Pfizer does "massive" layoffs every year, and just like BMS, every time a lot of the affected employees aren't executives fired due to unsuccesful trials, but employees of companies they bought. As far as researchers getting laid off, big pharmas are infamous nowadays for firing researchers when R&D pipelines are sucessful just as much as when they fail. Researchers are made redundant either way, unless for some reason further research in the same domain is needed (which often isn't the case). It also happens pretty often in startups that end up selling IP.
- llamaimperative 3y agoBecause it’s unbelievably hard to 1. Produce a molecule that does what you want it to in the body 2. Figure out how to get that molecule where it needs to be in the body 3. Prevent it from doing all sorts of other gnarly things 4. Convince people you’ve succeeded in doing 1, 2, and 3 to the degree they’re willing to volunteer themselves to put this new molecule inside their bodies — without incentivizing them in any way 5. Convince enough people to do that and collect enough data about them to know for a fact that your drug does X and does not do Y 6. Convince regulators that not only have you done 1, 2, 3, 4, and 5, but that it’s also better on some dimension than the currently available treatment In short: because it’s ridiculously hard. If it’s easy you should go give it a shot, help millions or billions of suffering people, and make billions of dollars in the process. Why wouldn’t you?
- ramraj07 3y agoGive me 50 mill and I'll do it. I'm not even kidding, I have multiple targets and a viable plan. And yes I'm aware of the list of things you listed and roughly what it takes to do all of them. Sure for a layman or an unfunded expert it might be daunting. But thats what these companies spend hundreds of billions at. Just listing out the complexity of the process says nothing about why they still don't succeed at it. I'm pretty sure boeing would have and continue to list all the problems in sending a rocket to space for cheap, while spacex continues doing that. Nothing different here.
- _Tev 2y agoYou are on forum about VC-funded startups. You can get 50M if you really want and what you're saying is true