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The problem is: only big pharm companies that can delivery new pharmaceuticals for
chronic diseases because of the resources requires to undertake the processes
As an academic we can develop ideas – but do not have the resources to develop the drug
or the knowledge -> basic science invention + clinical science from phase II to III trials
Once drug made -> have to go through a cost effectiveness process before going to nhs to
be used in patients
The cost of 3,000 and 30,000 is set by the govt advisors which makes it difficult for
academics to be fully involved in the trial
To monitor the trial, it cost 50,000,000 – there is no academic group that can afford to do
this or be involved in development all the way to the clinics.
CONTRACTS
CONFIDENTIALITY AGREEMENT
(One way/Two Way)
Gagging Period
MATERIAL TRANSFER AGREEMENT restricts what you do and controls how you use them
Protocol
Obligations
Publication Issues
Rule of Law
They will state a rule of law – the problem with academic is that they lack lawyers and so if it
goes wrong, that is when you have the problem
Need to be legally minded
INTELLECTUAL PROPERTY
INTELLECTUAL PROPERTY is the overall term that refers to all forms of idea protection:
• Patents - Authority or licence conferring a right or title for a set period to exclude
others from making, using, or selling an invention
• Design Rights - Rights to protect Visual Design of Object
• Copyright - Exclusive rights to original work
• Trade Marks - Sign of Expression of a Product
Gives protection to exploit ideas – comes in various ways – allows to work without
competition for a certain amount of time
- Top slice (take 30% of the cost) -> sliding scale of royalties
- When things are developed, need to have an agreement policy before patent filing
and making money
PATENTS
INVENTORSHIP
Academic Papers Containing Many Authors
Approach to science
pharm – invention and opportunity -> pharmacokinetics + toxicology
- Doses response
- Essential record keeping – essential for patentability
- Ideally wants – reproducibility
Academics – mechanism science – concerned about the publication -> do not care about
translation – treatment route, won’t use oral route
- Dose response not reported
- Pharmacokinetic + toxicology not reported
- Many people who work in academic do not have idea of human condition and its
transability that they are modelling
VALLEY OF DEATH
It is difficult to get grants to develop commercial products
Commercial companies do not want to buy early studies so
most of their money will go into advanced studies.
As a consequence of valley of death -> bioseed funds +
business arms of charities and govt schemes to help
support early studies to overcome the valley into to getting
pharm companies on board
- They have limited funds, but they aim to exploit your IP
and if you have a lack of business acumens they will exploit
it more
PEDDLING
VENTURE CAPITAL
• INFLUENCE
• QUICK PROFIT
• SHORT-TERM INVESTMENT
PREFERENCE INVESTOR SHARES PAID BEFORE OTHER SHARE HOLDERS (X TIMES
PREFERENCE)
UNIVERSITY BUSINESS/INTEREST FIRST BUYER COMPANY REQUIREMENTS
VENTURE CAPITAL REQUIREMENTS
SCIENTIST ENTREPRENEURS COMPANY DIRECTOR REQUIREMENTS
• REDUCED INFLUENCE UNIVERSITY BUSINESS REQUIREMENTS
• SHARE DILUTION versus
SCIENTIST ENTREPRENEUR
Investment terms
TIME-RIGHTS - X% of your time allocated to Projects per week.
FIELD OF STUDY RIGHTS - Rights to exploit your work in fields of Study
NON-COMPETE CLAUSE - Your Academic Work can compete against
Commercial Interest - Restriction of Field of Work, without approval. You cannot work with
other companies, without approval Companies will not work/deal with you.
CONFLICT OF INTEREST
Academic repurposing
- Take drug that is active in another field and reuse it in another disease
- E.g. take drug in cancer -> use for MS (lack of effect in most cases)
- Do phase 1, 2 -> hope for adoption in use
- No financial backing
REPURPOSING: (PHASE I & SAFETY INFORMATION KNOWN)
PHASE II & ONE PHASE THREE TRIAL
Pharmaceutical repurposing
REPURPOSING: DE-RISKED DEVELOPMENT WITH NEW PATENT FILED
PHASE II & TWO PHASE THREE TRIALS
REGULATORY APPROVAL
LICENSE & FINANCIAL GAIN
Pharm repurposing
- Take product active in another disease -> reinvent it to get new patent filed
- Phase II and 2 phase III trial
- Most likely see monetary gain
Table – all the other drugs were originally
non-MS drugs that were repurposed
e.g. campath was an anticancer drug – gave
lower dose, increased price -> MS
the downside of drug repurposing is that it
limits access to drugs as the price increases
– makes it difficult for people to get access
to them
Animal Studies
Sample Size Calculations: <5%
Randomization <20%
Blinding <30%
Summary
ACADEMICS:
GOOD PRE-CLINICAL INPUT
INVENTION/TARGET DISCOVERY
ASSAY DEVELOPMENT