Latest / The BioHub - by Avetix / Episode 211 - Meredith Kaya - Corsera Health
Transcript
- 0:06Welcome back to another episode of the Bio Hub podcast.
- 0:08Today I'm thrilled to be joined by Meredith Kaya, who is the CFO
- 0:12at Coursera Health. In today's episode, we're going
- 0:15to talk a little bit about Meredith's career and the work
- 0:17that Coursera Health are doing today.
- 0:20Meredith, thank you so much for coming on.
- 0:23Thanks for having me, it's really great to be here.
- 0:25Fantastic to start with, can you talk us through your career
- 0:28journey and how you ultimately ended up at Coursera?
- 0:32Yeah, happy to. So my career journey I think
- 0:35maybe not surprisingly started at El Nylam, which is How I Met
- 0:39John Maragonori, one of our Co CE OS and others that are at
- 0:43Coursera now as well. So I worked at El Nylam back
- 0:46when RNII was still sort of being developed.
- 0:50It was yet to come to the market.
- 0:52We were in the earlier stages. It was just high energy, a lot
- 0:55of fun working with the team. I was in an investor relations
- 0:59role there and helping to support in some financial roles
- 1:02as well. I stayed at Al Nylam for about 5
- 1:05years and then moved to another company called Ironwood where I
- 1:10held a number of roles within finance and corporate strategy
- 1:13and investor relations. So there's sort of a theme
- 1:15across my career where I've spent a lot of time within
- 1:18finance and strategy in particular, because I think
- 1:21those are very interconnected and really necessary to be
- 1:24interconnected. After about 10 years at
- 1:27Ironwood, I moved to a company called The Palace, again in
- 1:31strategy and finance roles in investor relations.
- 1:35Had a great journey there for several years.
- 1:38But it was, you know, a little over a year ago now where I ran
- 1:43into John and Toreena Doncourt, our Chief Operating Officer at
- 1:46the JP Morgan conference. We caught up about a month
- 1:49later. I sat down with Rena and she
- 1:51said let me tell you about this company, Coursera.
- 1:54And by the end of the conversation I was in, it was a
- 1:58no brainer for me. I mean, you combine an
- 2:01incredible team, an incredibly experienced team with great
- 2:06science and validated science and the opportunity to redefine
- 2:10an entire category. I mean, it's an it's a rare
- 2:14opportunity to get to be part of something like that.
- 2:16So it took me about 30 seconds to make the decision to make the
- 2:19move to Coursera. And it's now been almost a year
- 2:23and it's been a blast so far. Awesome.
- 2:26And for those listeners who are perhaps a little bit less
- 2:29familiar with Coursera, you just give us an intro.
- 2:33Sure, absolutely. So at Coursera, we're building a
- 2:37company focused on extending health span and that's through
- 2:40the prediction and prevention of cardiovascular disease.
- 2:44So Coursera was founded a few years ago by John Mariganori and
- 2:48Clive meanwhile, as I'm sure all of you listeners know who both
- 2:52of those those individuals are as they are legends in our
- 2:55industry. And it's really about
- 2:57transforming cardiovascular care.
- 3:00And you know John and Clive have tremendous experience not only
- 3:04in developing our NAI therapeutics, but also in
- 3:07thinking about cardiovascular care.
- 3:09And so our our strategy at Coursera is twofold.
- 3:14The first part is on prediction and then the second part is on
- 3:18prevention. And from a prediction
- 3:20perspective, we are developing what we call Klotho, which is a
- 3:23deep causal AI tool that can predict an individual's lifetime
- 3:28risk of developing cardiovascular disease.
- 3:31Today, the tools that exist today, they'll tell you your 10
- 3:34year risk, but if you're in your 30s or 40s, if you're, if you're
- 3:38not yet at high risk of or have cardiovascular disease, it's not
- 3:43going to tell you much. It's going to be helpful in how
- 3:44you manage your cardiovascular health.
- 3:46So what this tool does is it predicts your lifetime risk and
- 3:50it's based on, you know, very simple inputs from you height,
- 3:54weights, your LDL, your blood pressure, things that you can
- 3:57get, you can information you can get from a simple blood test.
- 4:01And then it'll predict your lifetime trajectory, but not
- 4:04only will it predict it, but it will also help to quantify the
- 4:07benefit you would gain by intervening early.
- 4:09So whether it's through our RNAI therapeutic or other
- 4:13interventions, it will help tell you how your cardiovascular risk
- 4:17risk will will change if you were to intervene today versus
- 4:22waiting until you have elevated blood pressure or cholesterol.
- 4:26The prevention side of the business, it's focused on the
- 4:29two key drivers of ASCBD in particular, which are blood
- 4:33pressure and cholesterol. So our lead program is a mixture
- 4:37of two srnas, 1 targeting PCSK, 9 for cholesterol and one
- 4:42targeting angiotensinogen for blood pressure in a once annual
- 4:46subcutaneous injection that would be given prior to
- 4:51developing elevated blood pressure, elevated cholesterol
- 4:55while you're still healthy to then protect, protect your blood
- 4:59vessels and protect you from developing cardiovascular
- 5:01disease over your lifetime. And so we are making a lot of
- 5:05progress on both ends. Our RNA I program is in the
- 5:08clinic now. We have a phase one with our PCs
- 5:10K9 srna ongoing. Right now.
- 5:12We're about to initiate the phase one with our
- 5:14Angiotensinogen Srna Clotho. Our AI tool is well in
- 5:20development and and so we're we're in the advanced prototype
- 5:23stage and hoping to get to a more commercial ready
- 5:26application here within the near future.
- 5:28So we're, we really have a lot of momentum.
- 5:31We're excited and yeah, it's it's really paradigm shifting,
- 5:35something that the model that's very big and bold and very
- 5:38different from, you know, anything I've certainly been
- 5:41involved in in my career. Yeah, absolutely.
- 5:43And obviously we know how devastating cardiovascular
- 5:46diseases are. What's your perspective on the
- 5:47scale and ongoing impact? For.
- 5:50Cardiovascular disease across the US at the moment.
- 5:54I mean, the US and globally, cardiovascular disease remains
- 5:57the number one killer worldwide. So about 20 million people die
- 6:01every single year from cardiovascular disease and that
- 6:05represents about 30% of all global deaths.
- 6:08So it's still a massive problem. And it's not just the deaths.
- 6:11Cardiovascular disease results in years of reduced health span.
- 6:15So it's impacts people's everyday life, there's an
- 6:17economic burden and impacts productivity.
- 6:20So there's just, it continues to be a massive global problem
- 6:24despite all the innovations that we've seen in treatments.
- 6:27And a big part of is that we're currently treating people after
- 6:30they've already started to see elevated levels of these
- 6:35biomarkers, right. And so the damage is already
- 6:38done. And so well, certainly you can
- 6:41help slow that progression. The damage is there.
- 6:44And so there's still a very high risk of having a cardiovascular
- 6:47event. What we're trying to do is very
- 6:49different, which is trying to get to individuals before they
- 6:52have those elevated biomarkers, before they have have the, the
- 6:56symptoms appear so that we can prevent the disease from ever
- 6:59occurring in the 1st place. But this is, I mean, this it, it
- 7:03continues to be such a huge problem.
- 7:05And I think in the US alone, I mean, there's there's hundreds
- 7:08of millions of people who are probably at risk today of
- 7:10developing or have already developed cardiovascular disease
- 7:14in their life. Yeah, absolutely.
- 7:16And obviously, as you touched on that earlier prediction and
- 7:19prevention, it is going to be really important Why, why only
- 7:23now is this starting to come to fruition in terms of looking at
- 7:27a, you know, whole life cycle rather than sort of 10 years?
- 7:32Yeah. I mean, historically, I think we
- 7:34didn't have the AI expertise in technology and, you know, the
- 7:39RNAI medicines. I mean, this is a new area of
- 7:42medicine that we're really able to bring to the market that
- 7:46shows efficacy and safety and durability.
- 7:49So I think there's an opportunity today where, you
- 7:53know, we may not have had this 10 years ago.
- 7:55We have the data that we need, the longitudinal data.
- 7:58You have things like the UK Biobank, for example, that can
- 8:00really inform lifetime time prediction of cardiovascular
- 8:04disease. And then you can leverage these
- 8:07new modalities like RNAI to build something that can, it has
- 8:12to be low disutility. So for for people who are still
- 8:17healthy, it needs to be something that is simple and
- 8:20easy to use and accessible from a cost perspective.
- 8:23So like I was saying earlier, this is once annual injection.
- 8:28And so from that perspective it's very convenient compared to
- 8:31taking a daily pill for example. And we are thinking about
- 8:36pricing it in the hundreds of dollars per year, which is very
- 8:39different from how you know, we know, you know the treatment
- 8:42options are, are a much price point.
- 8:45Yeah. And as CFO, what's your
- 8:49perspective on building the company at the intersection of
- 8:51this cardiovascular science, the data and the prevention?
- 8:57Yeah. I mean, there's always has to be
- 8:59a really critical balance of investment into the business and
- 9:03scientific ambition. And so that's a lot of what we
- 9:06talk about internally is where we can invest our dollars, our
- 9:10shareholders dollars in ensuring that it's in the highest value
- 9:16creating opportunities. And this isn't just your
- 9:19traditional biotech company. It's not just about developing a
- 9:22drug and testing to see whether it works.
- 9:24It's really a paradigm shift. We have to invest in changing
- 9:27the behavior and the understanding of how people can
- 9:30manage their cardiovascular health and intervene early.
- 9:33So we take a lot of time to think about how do we best do
- 9:37that and then how do we best allocate our capital to ensure
- 9:40we get to the the outcomes that we're looking for to make the
- 9:44largest impact on the population.
- 9:47Yeah. And how does that finance and
- 9:49strategy and science all come together when building out
- 9:52Coursera Health? Yeah.
- 9:55I mean, I think there's three core decisions that we have to
- 9:57make at the company, right? There's scientific probability
- 10:00of success that we always have to evaluate.
- 10:03There's the time and resources it'll take to get there and it's
- 10:06the impact on patients. And we have to balance all three
- 10:08of those. You know, we have a finite
- 10:10amount of capital. So we're very thoughtful and
- 10:12intentional about where we put every dollar.
- 10:14We're a lean team. There's nine of us that work at
- 10:17Coursera today. And like I was saying earlier,
- 10:19we're already in phase one and about to start a second phase
- 10:22one and building out close those.
- 10:23So we're doing a lot with, you know, a small but very mighty
- 10:27team. But again, it's it's being able
- 10:30to identify where we can leverage resources to ensure
- 10:33that we're able to put the most, most of those resources in the
- 10:38highest, highest priority investment opportunities.
- 10:42And so we're having those conversations constantly around,
- 10:46you know, how do we think we're going to be investing?
- 10:48At what point in time do we need to put those dollars into that
- 10:51activity? And are there other ways, other
- 10:54trade-offs that we can make to ensure that we're we're able to
- 10:57do that in the way that will again result in the best outcome
- 11:00for patients? Yeah.
- 11:02What do you think perhaps changed in your perception
- 11:06around cardiovascular risk, the prediction and also the
- 11:09prevention side of things? I mean, I think it comes back to
- 11:13historically cardiovascular disease has been, has been
- 11:16managed very reactively. So not until patients show these
- 11:23high level of, of either cholesterol or blood pressure or
- 11:25what have you, they weren't treated or weren't really
- 11:28managed. And before that it's really diet
- 11:30and exercise, which is incredibly important, but it's
- 11:32not always enough as we're seeing it.
- 11:35It clearly isn't enough. And so I think now the medical
- 11:39community is really shifting to more of a prevention model and
- 11:42recognizing based on emerging data that's come out that that
- 11:46shows that early intervention is really important because this is
- 11:50a cumulative disease. The cumulative exposure of blood
- 11:53pressure and cholesterol over 1's lifetime is what ultimately
- 11:57causes disease. It's not a single moment in
- 11:59time. It's not a flip of a switch.
- 12:01It's that decades of exposure that you're seeing.
- 12:04So if you can get in there before that starts to cause the
- 12:07damage, then you can really make a difference.
- 12:10And that data is now becoming more and more recognized by the
- 12:13medical community. And there's been a lot of
- 12:15excitement, enthusiasm, and thinking about prevention as the
- 12:19next, the next paradigm to to to hopefully eliminate this
- 12:26disease. Yeah, no, it it makes total
- 12:29sense when you, when you spell it out like that.
- 12:31What what are the plans for Coursera in 2026?
- 12:362026 is a year of execution for us.
- 12:38So we are you know have have we're on track with our phase
- 12:42one with the PCSK 9 srna. So we're looking forward to
- 12:45having some initial proof of concept data from that program
- 12:48mid this year. Like I said, we're also about to
- 12:51initiate the phase one study with the angiotensinogen program
- 12:54and so that will start mid this year as well.
- 12:57So we'll be well underway by the end of the year.
- 12:59You know the plan is that we would initiate the phase two
- 13:02program, which would be the mixture of the two srnas in
- 13:062027. So this year is really about
- 13:09understanding both SIRNAS, understanding how we mix them in
- 13:14the most optimal ratio to ensure that they have the benefit to
- 13:18patients that we're seeking. Yeah.
- 13:21And I know you touched on it a little bit at the start.
- 13:23When you're talking us through your career journey as to why
- 13:25you why you joined Coursera around the team that you've
- 13:28built there, How important do you think the team that you've
- 13:31got is going to be for the rest of this year in in terms of
- 13:33execution? I don't know that there's
- 13:36anything more important, frankly.
- 13:39To do something this big, you need a team that's not only good
- 13:43at what they do, but they're passionate about what we're
- 13:45trying to achieve at Coursera. And the vision is a world
- 13:48without cardiovascular disease. It's big, it's very bold, and
- 13:52it's going to be challenging. And so we take a lot of time and
- 13:58feel that it's incredibly important to find individuals
- 14:01that are invested in that vision.
- 14:04They're not just invested in the in the role itself.
- 14:07We've got a great team of nine, as I mentioned earlier.
- 14:10So a lot of really passionate people who are excited to show
- 14:13up to work every day. We work very closely together
- 14:16all the time. But I think as a team grows,
- 14:19that particular part of the culture has got to be front and
- 14:24center and in in making this work, making this a reality.
- 14:29Of course. And people do always talk about
- 14:31culture as well in terms of the business.
- 14:33Would you say you're one of the main key important cultures that
- 14:36you have is is around the execution?
- 14:40It is around the execution, but it's around it's one of our core
- 14:44values is it's bigger than us. And that all really resonates
- 14:48very deeply with with each of us at the company because this is
- 14:52something so much bigger than us.
- 14:53So I think from a culture perspective, yeah, it's about
- 14:56execution, but it's about doing something bigger than any one of
- 15:01us can do on our own. We have to do it together.
- 15:04And I think that's been a really core part of how we operate and
- 15:08how we're building the culture. The culture will evolve, of
- 15:10course, but that piece of it is going to be really, really
- 15:14important in terms of ensuring that not only that we make this
- 15:18a reality, but we make it a reality as soon as possible.
- 15:21Because as I said earlier on, this 20 million people are dying
- 15:25every year. So there's an urgency to figure
- 15:29out a way to to stop that from happening.
- 15:32Yeah. Was that one of the biggest
- 15:33drivers in in you rejoining John and the team at Coursera?
- 15:38I mean, yeah, of course, but it's, it's the combination.
- 15:42I mean, it's John and the team who I just have such incredible
- 15:45respect for. I didn't know Clive Prior to
- 15:48joining the company, but I've been so fortunate in getting to
- 15:50know him over the past several months.
- 15:53He's also, he's just an an incredible leader.
- 15:57So, you know, I think joining them, I think understanding,
- 16:00having worked at Onylam, understanding RNAI and really
- 16:04believing in that science and knowing that can it can do some
- 16:08pretty transformational things in medicine.
- 16:11And then of course division. I mean, it's pretty special to
- 16:13get to be part of this. Yeah, absolutely.
- 16:16Awesome. Well, thank you so much for
- 16:18coming on to the podcast. And it was really interesting to
- 16:21learn a little bit more about obviously your career to start
- 16:23with, but also around the prediction piece that Coursera
- 16:28are targeting. So thank you so much for coming
- 16:30on and and talking us through it.
- 16:33Thank you. It's great.
- 16:34Great to be here. A lot of fun.
- 16:35Brilliant. Thank you so much.