Wednesday is the first session for students registered for the Faculty wide module that we refer to locally as Molecules to Market.
Here is a little taste of what you should expect on a course aimed at
providing you with an introduction to the challenges of the commercial
side of Science. You can also take a look at the Blog archive, which
contains some general information about enterprise, together with some
case histories. I shall use this forum to provide additional support and
interest (hopefully) for you as you begin your journey into the world
of enterprise. Let me start with a Biotechnology story that will
hopefully give you a flavour of the module. I will also look in future
posts at the way in which enterprise impacts on Physics, Chemistry,
Psychology and Maths, as well as the non-Biotech related Life Sciences.
From Victorian era medicine to one of the major challenges of the NHS, and other global
health organisations today, diabetes remains a major focus of the
Pharmaceutical Industry. In 1869, a 22 year old doctoral student, Paul
Langerhans gave his name to the insulin producing cells of the pancreas.
In the contemporary image on the right, the red cells are packed with
insulin. Soon after this compound began to emerge, as a major factor in
diabetes. Twenty year later two physiologists removed the pancreas from a
dog, which resulted in a massive increase in glucose in the dog's
urine. Shortly
after, insulin was identified as a likely candidate (from biochemical
fractionation of canine pancreatic
extracts), as the major factor in diabetes. During the 1920s, a group
led by Fred Banting in Toronto, demonstrated that diabetic dogs, made by
pancreas removal, could be rescued by insulin extracts from cows, in
the form of daily injections. It was at this point that the extract
received the household name of insulin. Banting and Macleod were
subsequently awarded the 1923 Nobel Prize in Physiology or Medicine.
Turning a pancreatic extract into a global drug. Take a step back for a minute and fast forward to 2017! The marketing of drugs in the Western World is highly regulated, which was a silver lining after the disastrous release of thalidomide over 50 years ago. Today, if you were proposing to inject bovine (or later porcine) pancreatic extracts into humans, there would be a long process of evaluation, trials and litigation barriers that would have to be overcome. In fact a new drug, typically takes around 10-15 years to reach the clinic. So here we have this crude, but enriched pancreatic extract that has huge clinical value, waiting to be used. In fact by 1922, before the ink could dry in Banting's lab book, Eli Lilly had begun manufacturing and distributing insulin for the treatment of Type I diabetes. You can read about insulin and its mode of action here.
The beginnings of the Pharmaceutical Industry. Eli Lilley
were formed just after the American Civil War and during the post World
War I period they brought both Penicillin and Insulin to the world.
Today they are the biggest sellers of Prozac. They are currently the fourteenth biggest Pharmaceutical company (by revenues) in the world. You can see the others here.
Eli Lilley made their fortunes injecting patients exhibiting symptoms
of Type I diabetes with a pig extract. What's more, from a purely
financial perspective, once you have satisfied everyone that insulin
works, the company has a clientele that buys repeat prescriptions and
continues to do so until they die. This is a good business plan! Now
think about the business plan that underlies the influenza, or flu
vaccine. I shall discuss this on Wednesday. Think also about the fact
that it was around 20 years after insulin was in regular use, that Fred
Sanger determined its amino acid sequence, and nearly another 20 years
before we knew what the
molecule looked like in 3D. It is difficult to imagine this situation
today. You may also want to consider (see below) why Malaria is still
being treated with quinine, nearly 200 years after Lilli marketed the
compound, while the investment in new antimalarials remains a major
problem.
The dawning of the molecular cloning era and the transformation of the Pharmaceutical Industry. Genentech were established around 40 years ago as the first Biotech Company, in California. In 1983, just 7 years after they were founded, they were selling cloned human insulin! Genetech are now part of Roche, but their specialist and pioneering knowledge in the field of Molecular Biology enabled them to build a business that was acquired by Roche in 2009 for just under $50 billion! We are now in a new world of high cost drugs, developed out of high tech molecular cell biology. However, as you will come to appreciate, the cost of drug discovery, development and clinical trials is not sustainable. Similarly, in order to meet the challenge of diseases in the poorer nations, under business conditions were profits are very low, or even negative, such as malaria, we must rethink medicines in the future.
Are you a future entrepreneur? The aim of this module is not to provide you with a detailed academic programme of enterprise lectures, but rather to make you think about Science, business and your employment future in a new way. Most entrepreneurs in small start ups are "Jacks of all trades", they are not experts in any one thing, but they do all exude a strong personal drive and motivation and in fact, one student from last year's course has already set up a chocolate drinks business back in his home town in Kenya, which he is currently managing while completing his third year in Sheffield! In MBB! SO I am looking forward to increasing the numbers this year. See you on Wednesday!
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Turning a pancreatic extract into a global drug. Take a step back for a minute and fast forward to 2017! The marketing of drugs in the Western World is highly regulated, which was a silver lining after the disastrous release of thalidomide over 50 years ago. Today, if you were proposing to inject bovine (or later porcine) pancreatic extracts into humans, there would be a long process of evaluation, trials and litigation barriers that would have to be overcome. In fact a new drug, typically takes around 10-15 years to reach the clinic. So here we have this crude, but enriched pancreatic extract that has huge clinical value, waiting to be used. In fact by 1922, before the ink could dry in Banting's lab book, Eli Lilly had begun manufacturing and distributing insulin for the treatment of Type I diabetes. You can read about insulin and its mode of action here.
The dawning of the molecular cloning era and the transformation of the Pharmaceutical Industry. Genentech were established around 40 years ago as the first Biotech Company, in California. In 1983, just 7 years after they were founded, they were selling cloned human insulin! Genetech are now part of Roche, but their specialist and pioneering knowledge in the field of Molecular Biology enabled them to build a business that was acquired by Roche in 2009 for just under $50 billion! We are now in a new world of high cost drugs, developed out of high tech molecular cell biology. However, as you will come to appreciate, the cost of drug discovery, development and clinical trials is not sustainable. Similarly, in order to meet the challenge of diseases in the poorer nations, under business conditions were profits are very low, or even negative, such as malaria, we must rethink medicines in the future.
Are you a future entrepreneur? The aim of this module is not to provide you with a detailed academic programme of enterprise lectures, but rather to make you think about Science, business and your employment future in a new way. Most entrepreneurs in small start ups are "Jacks of all trades", they are not experts in any one thing, but they do all exude a strong personal drive and motivation and in fact, one student from last year's course has already set up a chocolate drinks business back in his home town in Kenya, which he is currently managing while completing his third year in Sheffield! In MBB! SO I am looking forward to increasing the numbers this year. See you on Wednesday!
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