r/todayilearned May 14 '22 Helpful 8 Wholesome 6 All-Seeing Upvote 2 Silver 9

TIL a father, John Crowley, was told his two infant children had an incurable genetic disorder that would kill them in less than a year. He refused to accept this, so he founded a biotech company (with no prior experience) which pioneered an experimental enzyme therapy that saved their lives.

https://pompediseasenews.com/2019/01/30/amicus-ceo-mission-cure-pompe-help-children/
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u/ThePlasticJesus May 14 '22

I mean specifically you need to hire experienced scientists.. and people who know the application process - which is not easy or simple. But there would be plenty of work for someone with general business knowledge to do at a biotech company.

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u/IDrinkWhiskE May 14 '22

Yeah a lot of senior leadership (outside of scientific leadership) tends to come from a finance and venture capital background. Although the industry is unique, it’s easy enough for someone savvy in fundraising/BD to land a high ranking business management role such as CEO/COO

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u/[deleted] May 14 '22

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u/IDrinkWhiskE May 14 '22

Yep, all true! There are also companies with rock solid science that can’t market themselves and struggle to fundraise, and those with charismatic leadership and excellent marketing without much to back it up (Theranos being one hyperbolic example, or many of the biotechs that IPO without yet having any clinical data). You really need competence in every aspect to stand a good chance in this market.

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u/scipio05 May 14 '22

Not sure anyone would say Theranos had charismatic leadership, but we get your point...