6
Dec
2017

The Long Run Podcast: Steve Graham on Racism in Corporate America

Steve Graham is today’s guest on The Long Run podcast.

Chances are you don’t know his name, but Graham is a major behind-the-scenes player in biotech. Graham is the co-chair of the life sciences practice at the law firm Fenwick & West, and managing partner of the firm’s Seattle office. He has been working with biotech boards, handling corporate law, securities offerings, and mergers and acquisitions all the way back to the industry’s founding in the early 1980s. Immunex, the company that created one of the world’s best-selling drugs, Enbrel, was the client that compelled him to specialize in biotech.

Steve Graham, co-chair, Fenwick & West Life Science Practice

Six years ago, Graham was appointed co-chair of the Securities and Exchange Commission’s Advisory Committee on Small and Emerging Companies. He continues to hold that position. He’s been on a bunch of ‘Best Lawyers’ lists. In 2015, he was named “one of the 19 most influential people in D.C. who can affect your small business” by The Washington Post, specifically for his role with the SEC.

Graham also happens to be black.

Last spring, Graham wrote a revealing memoir, chronicling his rise to the top of corporate law. It’s called “Invisible Ink: Navigating Racism in Corporate America”.

I’ve known Graham for 15 years, going all the way back to when I profiled him for The Seattle Times. Looking back, I’m proud of the article. But I realize after reading his book that I only knew the barest outlines of the challenges he faced.

How did he make it? What advice does he have for young people of color? How can all of us create a more inclusive biotech industry? This is a hard conversation to have. This issue goes way beyond biotech, to every part of our society. But it’s an important conversation we need to have.

Thanks to the sponsors of The Long Run: EBD Group, co-organizer of the Biotech Showcase in San Francisco, and to Presage Biosciences.

Now, join me and Steve Graham for The Long Run.

26
Oct
2017

VIDEO: Climbing Mount Everest to Support Cancer Research at Fred Hutch

Hi, I’m Luke Timmerman, a biotech journalist.

I’m carrying my 80-pound training backpack, up and down the hills of Seattle, for a reason.

I’m training to climb Mt. Everest, the highest mountain in the world, in 2018.

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Why do this?

Of course, I love the mountains.

But mostly, I’m doing it to support the top-notch research at the Fred Hutchinson Cancer Research Center. I’m doing it to support my hometown of Seattle. And I’m doing it to support science itself.

As a biotech journalist for 15 years, I’ve had the privilege to meet scientists around the country doing amazing work. I see a cancer revolution happening. Immunotherapies are emerging that harness the power of the immune system to attack cancer cells much like the viruses and bacteria that we fight off every day. Fast DNA sequencers and other sensitive instruments are making it possible to detect cancer earlier than ever before, when it’s most easily treated.

Fred Hutch is at the leading edge of cancer cures. Their pioneering research is helping people with many types of cancer live longer, and lead better lives. We’re seeing just the beginning of what is possible.

We can’t let up — especially during this time of so much thrilling progress.

So I ask you to please give generously to this important cause at a crucial moment in time.

Let’s take this all the way. Donate to the Climb to Fight Cancer at Fred Hutch, and you’ll help scientists push to the top of the mountain – the cure.

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25
Oct
2017

Richard Pops on Fighting the Opioid Painkiller Crisis

Today’s guest on “The Long Run” podcast is Richard Pops.

He’s the chairman and CEO of Alkermes. He is one of the seniormost executives in the biopharma industry, having joined Alkermes as CEO back in 1991. The company is known for its technology around making long-lasting injectable drugs, especially for mass-market chronic diseases like schizophrenia and diabetes.

Richard Pops, chairman and CEO, Alkermes

I’ve known Pops for years, and know him to be a thoughtful and intense conversation partner on many biopharma issues. This particular talk was focused on Alkermes’ effort to fight one of our country’s most troubling public health threats – the opioid addiction crisis. Alkermes markets an injectable drug called naltrexone (Vivitrol).

It’s the only anti-addiction drug approved by the FDA that interferes with opioid receptors. It is designed to block the feeling that makes people get high. The Alkermes drug has an undeniably important role to play.

The drug, however, got off to a slow start in the market since FDA approval in 2010. Alkermes has gone up against an entrenched competitor, buprenorphine (marketed as Suboxone). The competitor is a mild opioid that’s supposed to help wean people off the opioid painkillers prone to abuse like Oxycontin, Vicodin, Percocet or Fentanyl.

The media has started paying more attention to the opioid crisis this year, and Alkermes has taken some heat along the way. The New York Times and NPR published hard-hitting works that wondered whether it is profiteering off this heartbreaking national tragedy, with limited data to support its drug’s efficacy and over-aggressive marketing.

It’s true that Alkermes has made political contributions to officials that had a hand in the 21st Century Cures Act, which put an additional $1 billion of government resources toward combatting the opioid epidemic. Alkermes has also done some consumer-focused advertising about Vivitrol and some targeted marketing outreach to drug courts and criminal justice authorities. It’s also true that Vivitrol sales are growing. They grew by 40 percent in the second quarter, according to Alkermes. The drug had sales of $66 million in the quarter ended June 30.

No one had reported on a head-to-head comparison of the two main anti-addiction treatments (Suboxone and Vivitrol) until recently. Researchers from Norway published work in the Journal of the American Medical Association Psychiatry, from a randomized study of 159 people with opioid dependence, which showed that Vivitrol met its goal of demonstrating that it’s not inferior (roughly equivalent) at helping people reduce their opioid dependence.

It’s fair to ask hard questions about what Alkermes is doing, like with any company. But fundamentally in my view, it has a drug that can be part of the solution, not a driver of the problem.

There are other companies that over-marketed opioid painkillers. There are distributors that kept opioid painkillers flowing like a river through their supply channels, turning a blind eye to the crisis. There are unscrupulous doctors running pill mills. There’s a lot of blame to go around.

No one company, or government agency, can fix this problem singlehandedly. This will take a long-term push from multiple players – doctors, public health authorities, law enforcement, the pharmaceutical industry and more. I hope by listening to this conversation, you’ll gain some appreciation for the complexity.

Now, join me for The Long Run.

(Get new episodes every other week on iTunes or Stitcher.)