Agree 0 Disagree 0

A business could develop overlooked / logjammed drugs by pharmaceutical companies

By Hicbd
Mon Jul 24 2023 1:05 pm

"Roivant was founded by Vivek Ramaswamy...where he says he noticed pharmaceutical firms abandoning promising drugs for various reasons having nothing to do with their efficacy...Seeing an opportunity to complete the development of some of these overlooked drug candidates and get them to market quickly, Ramaswamy struck out on his own in 2014. One of his first moves was to acquire an Alzheimer’s pill from GlaxoSmithKline as it was dialing down its neuroscience research, forming Axovant around it."

URL:
https://techcrunch.com/2017/08/09/roivant-which-creates-companies-around-orphaned-drugs-just-raised-1-1-billion-from-softbank/
https://www.swissbiotech.org/listing/roivant-sciences-reinventing-what-a-large-pharma-company-of-the-future-might-look-like/
https://en.wikipedia.org/wiki/Vivek_Ramaswamy
https://en.wikipedia.org/wiki/Vyera_Pharmaceuticals

URL Credit

Categories:
Healthcare Business / Invention Idea Prescription Drugs / Medicine Pharmaceutical Industry Impact / Philanthropy / Social Good Investing Capital

----------------------------------------------------------

Please login to comment

---