Latest / The BioHub - by Avetix / Episode 170 - Craig Thompson - CEO at Cerevance
Transcript
- 0:05Welcome back to another episode of The Bio Hub by Avetix.
- 0:10Today I'm joined by Craig Thompson, CEO of Seravance Now.
- 0:15Craig brings more than 25 years of experience across biotech and
- 0:18pharma, having held roles at major organisations including
- 0:21Merck and Pfizer, as well as several biotech companies.
- 0:25Prior to joining Seravance, he served as President and CEO of
- 0:28Nirana Pharmaceuticals and across his career, he's built a
- 0:31deep expertise in team building, drug development, commercial
- 0:34strategy, and access and reimbursement, giving him a
- 0:37well-rounded perspective on what it takes to build and scale a
- 0:40biotech. Craig, great to have you with me
- 0:43today. Great to join you Ben and thanks
- 0:45for having me on. Looking forward to it.
- 0:47No worries at all. I mean, to begin with, Craig,
- 0:50you know, could you just start by walking us through your
- 0:52career journey, What ultimately LED you to Sarah Vance and what
- 0:55were the key inflection points that shaped how you think about
- 0:58building and leading a biotech company now?
- 1:00It'd be great to, you know, obviously you cover some of my
- 1:03CV so won't dwell too much on all of the past experiences, but
- 1:07I think it's a, you know, really important foundation is I
- 1:10started my career over 25 years ago back at Merck, which was
- 1:14just an amazing place to start a career.
- 1:16You know, Merck is really known for a lot of processes and you
- 1:21know, the correct way or the Merck way of doing things, which
- 1:23is, you know, an absolutely fantastic way to do it.
- 1:27And I had the opportunity there to work really at the
- 1:30intersection of kind of science and strategy, ultimately working
- 1:35on the pre launch activities for the Merck sharing cloud
- 1:38partnership in Europe. So it gave me kind of a really
- 1:41unique insight into not only the Merck culture, but also at that
- 1:45time the sharing cloud culture, which is obviously now one of
- 1:48how, how do we bring in a new product to market and really
- 1:51create a product to market. And how do we make sure that
- 1:54physicians understand that the science that we're bringing is
- 1:57going to be beneficial to the patients because we're asking
- 2:00them to look at A at a new paradigm.
- 2:03From there I went to Pfizer, which was again, an amazing
- 2:07experience, started off in the respiratory group, you know, had
- 2:11some really good successes, also some failures.
- 2:14And I think one of the biggest things, you know, we can always
- 2:17learn is from failures. So when I was a farmer, I headed
- 2:21up the CETP program, which was for our supposed to be Pfizer's
- 2:27next big blockbuster and tackling the HDL, amazing
- 2:33program, great interactions with the FDA, but really learning how
- 2:36to sell or discuss with the FDA. How do we bring biomarkers into
- 2:40the discussion on when HDL isn't an approved endpoint.
- 2:44So really having great dialogue with the agency on, you know,
- 2:48how can we get on to that point, various other opportunities
- 2:52beyond that. And then eventually I left
- 2:56Pfizer's VP of marketing for specialty care in North America
- 2:59and joined a small company called Trius, which was again
- 3:03just a really enlightening experience.
- 3:05When I left Pfizer, I had over 300 people in my group, sales,
- 3:11marketing, really big strong group and join Trias as I
- 3:17believe was the 32nd employee. Yeah, it was a.
- 3:20Big change, completely different experience and I really credit
- 3:25my success on making that jump to our CEO at the time, Jeff
- 3:29Stein. He just did, you know, a really
- 3:32amazing job of taking a guy who spent, you know, 20 years in big
- 3:35pharma, managing big teams, complex problems and saying, you
- 3:39know, you know how to do this, you know, how to move forward.
- 3:43And I think, Jeff, you know, I'll be eternally grateful for,
- 3:45you know, all the guidance and mentorship that he provided me
- 3:49while I was at Trias. And Trias ended up being a
- 3:51company where we did a partnership with Bear for Asia
- 3:54Pacific and then ultimately sold the company to Kibist.
- 3:59So a really kind of nice outcome and you know, as a big farmer by
- 4:02going to little biotech, you're like, oh, this is the way it
- 4:04goes. Great.
- 4:07You know, great science. You build the story around the
- 4:09great science, you get a partnership and then you sell
- 4:11them. Apparently that's not the way it
- 4:12works all the time. So from there I went to Tetra
- 4:15phase working on a grand positive antibiotic and then
- 4:21Anthera working on a really novel product for and then Rana
- 4:25for a key to painful muscle spasms.
- 4:29And then eventually to Serrance, which was a little bit of a
- 4:32different take for me because it was a company that was founded
- 4:36as a platform company and was moving into phase three.
- 4:40So experienced a lot of that in Merck and Pfizer, but really the
- 4:44first time having a platform under my belt at a small
- 4:49biotech. So really great experience for
- 4:52me. So what you know, kind of what
- 4:55led me to the Sarah Banks was just the amazing science every
- 4:58day. You know, when I looked at it, I
- 5:01was first brought in by one of the BCS who was looking at doing
- 5:03an investment to help them on their diligence.
- 5:07I just got really excited about the company and the science that
- 5:09they were working on, especially around Parkinson's, which, you
- 5:13know, I know investors are not, you know, super keen on
- 5:15Parkinson's, but it's such a huge amount of need.
- 5:18Yeah, I mean, delving into that a little bit deeper, you know,
- 5:22Cervants has built itself around novel mechanisms and a
- 5:25distinctive way of uncovering targets in the human brain.
- 5:28What really gave you that conviction that this was a
- 5:32company and a platform that was worth building around?
- 5:35Yeah. So one of the things I love
- 5:36about cervants and it's also one of the things that always
- 5:39strives you nuts as well, is the targets we go after are truly
- 5:43unique. So our program, our KC and K13
- 5:48program working upstream of the LRP 3 FL Amazon, when we started
- 5:52working on that program, there was only about a dozen
- 5:55publications in the literature. So you're really going into a
- 5:58kind of really novel science, and it's all driven by a
- 6:02platform that we unlicensed from Rockefeller University.
- 6:05And Xiao Xu, who was the creator of that at Rockefeller, came
- 6:09over and joined our company and now runs that.
- 6:11And really what makes, you know, the platform unique is its
- 6:15ability to gain insights into the aging of the human mind with
- 6:20disease. So what we're able to do is we
- 6:24get postponed in human brain samples and we're able to
- 6:27dissect the cells and from each cell I get the full
- 6:30transcriptome and you're like, oh, that's, that's kind of
- 6:32great. But the, what the power really
- 6:34is is that we have over 26,000 samples across various diseases.
- 6:39So if you say, hey, we're really interested in Alzheimer's
- 6:42disease and we want to see, you know, in a certain region, what
- 6:48cells are either up regular or down regular, we can actually
- 6:51run that analysis because we have don't do dent die of
- 6:54Alzheimer's disease, those who died of something else with
- 6:57early Alzheimer's disease all the way through late Alzheimer's
- 7:00disease. We use a technique called
- 7:02pseudotime trajectory analysis where we can look by cell type,
- 7:08which transcript or which gene is either up regular or down
- 7:10regular as the as the disease progresses.
- 7:13So it gives you really unique insight into it.
- 7:16And then the other flip side of that is, and we do this pretty
- 7:20routinely, is when someone else has a new drug that's, you know,
- 7:23entering in areas such as Parkinson's, we always put their
- 7:26mechanism through our platform. And you say what?
- 7:30Why would you do that? Because it's relatively quick.
- 7:32But what you find a lot of times is drugs fail because of adverse
- 7:36events. And one of the things we really
- 7:39like to do is find a target or a gene or transcription that we're
- 7:44going after that's expressed almost exclusively in one cell
- 7:47type. Right, OK.
- 7:50Right. So if you think of on target
- 7:51side effects, if you're going after a target that's expressed
- 7:55in multiple cell types, you're on target side effects are going
- 7:58to be across all those different cells, yes.
- 8:00Exactly. So that's, that's part of the
- 8:03kind of philosophy we have is let's find and I hate to use the
- 8:06word precision medicine because I think it's way overused, you
- 8:10know, really precisely target which cells are we believe are
- 8:15important for the disease and go after those and go after them
- 8:19aggressively. So pretty pretty unique science.
- 8:25And like I said, it is really leading the way.
- 8:27And I think a good example of belief in that science is we did
- 8:31a collaboration with Takeda looking at diseases for them and
- 8:37then also just finish up a partnership with Merck where we
- 8:40are identifying new targets for them in Alzheimer's as well.
- 8:43So both collaborations went really well and we're able to
- 8:46deliver kind of novel, exciting targets for them for them to
- 8:51look at in the future. Yeah, and that's great.
- 8:53And obviously, you know, you've mentioned Parkinson's a couple
- 8:56of Times Now and the area of unmet need that surrounds that
- 8:59was one of the big, you know, attraction factors for you in
- 9:01terms of joining Sarah Vans. You know, whilst it is an area
- 9:05of unmet need, it's also an area where a number of launches have
- 9:09underwhelmed commercially. What do you think that the
- 9:13industry has really misunderstood about what
- 9:15patients, physicians and the market actually needs?
- 9:19Yeah, so I think there's some great therapies coming forward.
- 9:21And you know, I'm a guy that's a cheerleader for every company
- 9:25working Parkinson's because, yeah, at the end, and we all
- 9:29should be this way, you know, at the end, it's about improving
- 9:31patients lives. You know, hopefully we're going
- 9:34to have an amazing product that's going to do that.
- 9:37You know, there's some gene therapies that are getting
- 9:38worked on that are really exciting.
- 9:40There's other modalities being worked on, but you know, as a
- 9:43totality, you know, Parkinson's disease, I think has really been
- 9:47neglected. It really goes back.
- 9:49If you think about Parkinson's disease, the mainstay of therapy
- 9:52right now is dopamine therapy. So leave the dopamine covered
- 9:55up. That was originally launched
- 9:57before you were born. I'm going to guess I'm going to
- 10:02go out on a limb here, but that was launched in 1975 and that
- 10:06that's our mainstay of therapy. Yeah, exactly.
- 10:08There's just been very little additions and new sort of way.
- 10:13Yeah, really. Really.
- 10:17Yeah, really little additions and you know, 50 plus years and
- 10:21your main therapy is still the same.
- 10:22Like guys, we can do better. We are seeing, you know, we did
- 10:27see some improvement. So we had both MAOB and COT
- 10:30inhibitors that stop the degradation of dopamine, either
- 10:34endogenous or exogenous dopamine, which were nice
- 10:38improvements. We also saw the dopamine agonist
- 10:41come on the scenes. But that last class was really
- 10:44introduced in 1999. Yeah, so even.
- 10:47Most innovative classes we have are now 27 years old and they
- 10:53all, you know, approach Parkinson's by trying to
- 10:57regulate the amount of dopamine. And our approach, the one we
- 11:01looked at was how, how do we look at this differently?
- 11:05You know, just regulating dopamine more.
- 11:07We know what the dopamine side effects are going to be.
- 11:09So if you, yeah, put too much dopamine, you're going to get
- 11:12hallucinations, you're going to get orthostatic hypertension,
- 11:15you're going to get the dyskinesias, kind of the random
- 11:18flinging of the arms. And, you know, that's very
- 11:20predictable what's going to happen.
- 11:22So we're really, really inspired by deep brain stimulation,
- 11:25looking at it almost as an electrician.
- 11:27And let's look at the circuitry, you know is interrupt the
- 11:32circuitry or change the path of circuitry so that we can get the
- 11:36desired response without actually touching the straight
- 11:39dopamine pathway, right? Kind of cool.
- 11:43Like if you think about it completely different way.
- 11:45And one of the valuable tools we had was an SC platform to help
- 11:51us identify and look and validate different targets.
- 11:55So the one we go after the novel target GPR 6.
- 11:58So it's AG coupled, protein receptor orphan, GS coupled, and
- 12:04it is almost exclusively expressed in the median spiny
- 12:09neuron of the indirect pathway. And I know a lot of them
- 12:12probably don't know Parkinson's really well, but each way
- 12:14Parkinson's is there's this direct pathway which gives you
- 12:18that accelerating movement, and there's this indirect pathway
- 12:22which gives you the braking movement.
- 12:24Yeah, you get dopamine pushed to both, you get acceleration and
- 12:29you get release of that brick. So the indirect pathway is a
- 12:32negative response. When you lose dopamine, you have
- 12:37less acceleration and more pushing of the brake.
- 12:39That brake is released, if you will.
- 12:41Yeah. So we looked and said, you know,
- 12:43one of the biggest ways to make patients move quicker, again
- 12:46using a car analogy, is if we can take off that brake and, you
- 12:49know, someone in motion goes much quicker than someone at a
- 12:54complete standstill using basic physics.
- 12:56Yeah. So we looked and said is there a
- 12:58way we can go after the indirect pathway and kind of release that
- 13:01brake. And we found GPR 6 which
- 13:04actually combines downstream with dopamine too.
- 13:08And the pathway we're able to actually down regulate that
- 13:13signal by its patients with the opportunity then to get that
- 13:20brake release and for them to be able to move.
- 13:23And the really like interesting thing about that is because
- 13:26we're not taking that dopamine pathway so far in clinical
- 13:29trials, we're not seeing any of the dopamine related side
- 13:32effects. So we're not seeing an increase
- 13:34in dyskinesias. We're not seeing the orthostatic
- 13:36hypertensions. In fact, the only adverse events
- 13:41we're seeing over 5% in our current phase three study is
- 13:43still ongoing. So it's blended data over 5% is
- 13:47nausea just over 5%. Yeah.
- 13:49I mean, you know, Speaking of that, I mean, you know, the
- 13:54phase three you're currently running, the data that you've
- 13:55discussed, you know, appears really encouraging without
- 13:59overstepping what you can share at this point.
- 14:01I mean, what gives you the most confidence at this stage of
- 14:03development? Yeah.
- 14:06So obviously we looked at the blind to blend of data and we
- 14:10have a phase two study which looked really strong.
- 14:12So our phase two study in the intent to treat patient
- 14:15population, we saw about a 1.3 hour improvement and you're
- 14:18probably sitting there going well 1.3.
- 14:20That doesn't sound all that impressive.
- 14:22Almost everything else that's available in the market provides
- 14:26one hour or less improvement, placebo adjusted improvement on
- 14:29top of government. So every other worlds around
- 14:32that when you start to get to the infusions.
- 14:36So this is something where you have to have a two but
- 14:40surgically inserted into your stomach or you have to put a
- 14:42candle into your stomach every day and then you wear a pump for
- 14:4518 hours there. You're getting about 1.8 hours.
- 14:50And then if you go to deep relation where they put Burrow
- 14:54holes in your head and put rods into your brain to stimulate,
- 14:58you get about four hours. So that's the landscape.
- 15:00One hour is kind of the orals an hour and 3/4 to two hours is the
- 15:05infusions. 4 hours can be brain stimulation and the Phase 2 when
- 15:09we looked at all comers, we're 1.3 hours.
- 15:12When we looked at the patient population that we're going to
- 15:15be using in our phase three, we're 1.78 hours.
- 15:19So in close at least in the Phase 2 of what would be with
- 15:23infusion. So imagine a world where instead
- 15:25of having to be hooked up to a pomp and putting a fusion or a
- 15:30needle into you everyday, you could take an oral once a day.
- 15:33Yeah, it changes the game. Yeah, it's ease of consumption.
- 15:38It's just scale. It's it's one of those, you
- 15:41know, you don't want to say it's a no brainer, but would you
- 15:45rather wear a, a pump and a, you know, and a fusion or would you
- 15:50rather take a pill once a day? Yeah, I don't know, I'm biased,
- 15:54but so, so that that's the the premise.
- 15:58And you know when we're looking at our phase three data, again,
- 16:01it's blind to blended. So we know some placebo patients
- 16:04are going to have a nice response.
- 16:04But you know, generally we're seeing all the data come out
- 16:08where we expect it to come out and we're also getting the
- 16:12adverse events. So which which is great.
- 16:17So you know, we we do feel confident enrollment's going
- 16:21well. So we're we're just about
- 16:23finished enrollment at this point.
- 16:26So you know, as we continue to move forward, we'll continue to
- 16:30watch patients as they finish the study and right now we're
- 16:33expecting to have top line data in the September time frame.
- 16:37Yeah, it's an exciting time. And like you mentioned, you
- 16:40know, one of the most striking aspects of the program is its
- 16:43tolerability profile. I mean, you know, you look at
- 16:46the the low adverse event burden and the nausea rates that
- 16:49appeared, you know, notably low. How important is that within
- 16:53Parkinson's, especially compared to the other therapies that are
- 16:55out there at the minute? So it's really interesting when
- 16:58we do market research because you put the profile out there
- 17:01and you know, you're talking to prescribing physicians and KOLS
- 17:05and you show the efficacy. They get excited.
- 17:08You know, 1.3 hours gets them excited, 1.5 gets them really
- 17:11excited. And it's interesting, when you
- 17:12show them the adverse events, there's a little bit of
- 17:15disbelief. Yeah.
- 17:18It's like, how do you not have 20% nausea?
- 17:22You know, you have nausea and a headache and it's like, well, of
- 17:25course you have headache. It's crosses the blood brain
- 17:27barrier. But you know, even headaches are
- 17:294%. So there's a little bit of a
- 17:32disbelief when you show it just because it's something that
- 17:35physicians aren't used to seeing in Parkinson's disease,
- 17:38medications with really low adverse events and efficacy.
- 17:42Yeah. And that that that must be sort
- 17:44of, you know, real confidence builder for you guys.
- 17:47Yeah, no, it's super helpful. And the the other nice thing is
- 17:53the way the product works is, you know, we talked about motor
- 17:56symptoms, so those those movement aspects, but there's
- 18:00other aspect of Parkinson's, the non motor symptoms.
- 18:04So most patients when they have Parkinson's, one of the first
- 18:08signs that they'll go into their physicians and say is, you know,
- 18:11I just feel like my gap and go is gone.
- 18:14There's an apathy, sometimes there's AGI upset.
- 18:19Nice thing with GPR 6 is we potentially also have an impact
- 18:23on those non motor symptoms as well.
- 18:26Interesting. Yeah.
- 18:27So in the phase two study, one of the key areas that you find
- 18:30with Parkinson's is sleep disturbances.
- 18:33And we saw an improvement in the reduction in daytime sleepiness.
- 18:38I know that sounds a little backwards, but we reduce the
- 18:40amount of daytime sleepiness in a relatively a small study.
- 18:44So kind of another exciting part about the product is we may have
- 18:48an impact on those non motor symptoms and we hope to
- 18:51elucidate that a little bit more in the kind of upcoming phase
- 18:54three study. Yeah.
- 18:55I mean, you know, it's a really exciting time and I'm definitely
- 18:58going to be keeping my eyes peeled for when when you guys
- 19:00release your data towards towards the back end of the year
- 19:03and you know, sort of heading heading towards Q4, I guess you
- 19:06know, sort of stepping away from what you guys are doing right
- 19:08now. Thinking a little bit more
- 19:09broadly, how do you think about translating?
- 19:13Great science into something that becomes genuinely
- 19:17investable and what really separates that interesting
- 19:20biology from a story that investors and partners and
- 19:24future commercial stakeholders can really get behind.
- 19:28Yeah, it's, it's really interesting.
- 19:31You know, there, there's some that is just the background
- 19:34dynamics of what's going on in the market.
- 19:36So as you mentioned, the recent launches that have happened in
- 19:39the past have not done well that that is the background and when
- 19:43investors and we'll talk to investors all day and they're
- 19:46like, you know, really interesting approach you have,
- 19:50you know, it looks like the the science is completely different.
- 19:53The efficacy you're seeing is probably best in class.
- 19:56The adverse events are lower than kind of what we've seen to
- 20:00date and then they always get trip back on but nothing else
- 20:04has worked. So, so I'd say that's, that's
- 20:07always been a little bit of a challenge is when investors in
- 20:11the past, things that haven't worked, it's sometimes hard to
- 20:15get them to go. And it's not one product hasn't
- 20:17worked. It's a couple of products it
- 20:18hasn't worked on. So they've had that repeat
- 20:21learning. So that is a pretty big, you
- 20:24know, hill to get up. It is interesting when we're
- 20:28having, you know, potential BD discussions or partnering
- 20:31discussions, you know, on the farmer side, they're not as
- 20:35jaded by those past experiences and they really, yeah, they
- 20:39really dive into the the biology and understanding it and really
- 20:43understanding that yes, the other products that came forward
- 20:47provided incremental benefits, but they didn't provide enough
- 20:50incremental benefits that pairs want to reimburse them.
- 20:52Yeah. So they've, they've kind of set,
- 20:56you know, for this to be, you know, exciting product we need
- 20:58to see, you know, in our case a 1.3 hour improvement or, you
- 21:02know, potentially 1.5 hour and then it becomes really exciting.
- 21:05So different groups have slightly different perspectives
- 21:09on the market, which makes it interesting.
- 21:13But the reality is we believe we have great science.
- 21:18We believe the clinical data is coming forward, which is
- 21:21absolutely fantastic. And now it's the end.
- 21:25Yeah, going back to one of the great movie lines is like, show
- 21:28me the money. Yeah, you must be sort of
- 21:32waiting and waiting for that to sort of penny to finally drop on
- 21:35on the other side. Yeah.
- 21:37And you know, if we're able to show that efficacy, you know,
- 21:41again, I think that will be really game changing because,
- 21:44yeah, investors will start doing market research on it and
- 21:46realise that, you know, that that is a a very good
- 21:50proposition to bring forward. Yeah, exactly.
- 21:53I mean, as ACEO, what to you are the most important pieces
- 21:58involved with building a biotech?
- 22:01You know, how do you balance long term value with the
- 22:04pressure to deliver near term clinical milestones?
- 22:08Yeah. So kind of three things to focus
- 22:11on in biotech and number one part is the people.
- 22:14Yeah, it's like you cannot underestimate people.
- 22:19One is hire the right people. If someone there that's not, you
- 22:24know, fitting into the team, make the decision, move on and
- 22:29build that team around a really strong team.
- 22:32You know, I'm I'm CEO. So everyone always says, oh, you
- 22:35take all the credit. It's like, no, there's, you
- 22:36know, a team of people that are doing all this work.
- 22:39I just have to be the front guy. But and it doesn't happen unless
- 22:44you have a team that's all very focused.
- 22:47And I think that's where the role the kind of CEO comes in is
- 22:52are the right people, make sure everyone's forward, make sure we
- 22:55have focus and then I'll make sure that we have the right
- 22:58capital allocation so we can accomplish the mission.
- 23:01So I think focusing on those three things is really key to
- 23:05it. Relatively simple, relatively
- 23:07straightforward. I know everyone likes to make it
- 23:09complicated, but it's really people focus capital allocation.
- 23:13Yeah, but and sort of each in their own sphere, it may sort of
- 23:16seem simple, but once you're combining the three that that's
- 23:19where difficulties come. It's finding the right balance
- 23:21between all of those because you know, ideally you'd go ahead and
- 23:25hire all the right people straight away, but your capital
- 23:27sometimes doesn't allow that. So it's finding that balance
- 23:30between the three and what really works for you at the
- 23:32time. Yeah, and even on the people
- 23:35side, you know, I've had situations where, you know,
- 23:38we've hired just absolutely brilliant people, but they're
- 23:42not great team players. So it's, you know, people is is
- 23:47a is an interesting one that really is success or failures.
- 23:51So you need to find the right skill set and the right
- 23:54personality. Not that you want to make
- 23:55clones, which you definitely don't want that you want to
- 23:57bring, you know, diversity of ideas and but how do you bring
- 24:01that together? And that's I think one of the
- 24:03key areas where you can really differentiate yourself is
- 24:06bringing that forward. So everyone, you know, builds
- 24:09that right team. And then the other one is just
- 24:12making sure everyone feels free to speak up.
- 24:14Yeah. Again, you hear that in lots of
- 24:17companies, and it's not really the case.
- 24:19But, you know, if you see something interesting, bring it
- 24:22up. Yeah. 100%, yeah.
- 24:25And, you know, my, my philosophy has always been, you know, on
- 24:29the people side when we're in meetings, you know, I'm just
- 24:31another team member. Yeah, not wearing the CEO hat at
- 24:35that particular moment. And you know, all throughout,
- 24:38I'll call it the silly ideas or the bold ideas, not necessarily
- 24:42because I believe that those are going to be where we end up, but
- 24:46it liberates people to speak freely.
- 24:48Yeah, exactly. You know, I've quite pushed us
- 24:51all the way out here. Then you know, how I feel free
- 24:57to now say that a great example is when we're working on Trespa
- 25:00for raising HDL. You know, everyone's, you know,
- 25:05very focused on lowering LDL and we were like, how do we make HDL
- 25:08just important? I said, what if we consider it
- 25:10like a vitamin? And I remember everyone like
- 25:13giggled a little bit. They're like, what do you mean?
- 25:16Like you're, you know, this is serious.
- 25:17I'm like, of course it's serious.
- 25:18But like, what if we think about, you know, it should be so
- 25:21intuitive that we want to raise HDL that it's like taking a
- 25:24vitamin? Yeah.
- 25:26You know, obviously we had issues with the product in
- 25:29clinical development, but that kind of thinking of, you know,
- 25:32let's liberate people to come up with creative ideas and not
- 25:37necessarily what's been done in the past.
- 25:39Yeah. And sometimes, you know, you,
- 25:41you have that environment and you have that culture when when
- 25:44you start out, when you're just building out.
- 25:46But the difficulty then comes with, you know, how, how do you
- 25:50to grow at the rate that you're needing to grow and make sure
- 25:52that you have enough people involved, right expertise, but
- 25:56still maintain that culture and environment that you've you've
- 25:59fostered over the first couple of years of, of, of founding the
- 26:01business. Yeah.
- 26:03And and it is tough as you grow because it starts to take on its
- 26:08kind of own personality, if you if you will.
- 26:11And then, you know, the other part is, you know, I always
- 26:14believe lead by example. There's, you know, nothing in
- 26:17the company I won't do. You know, everyone always laughs
- 26:23is like if someone's computer breaks, you know, you either
- 26:25call the help desk or call crack.
- 26:28You know, to me it's just, you know, you have to be willing to
- 26:31do every job in the company and you should be able to understand
- 26:34what those are and then hire really good people to do it.
- 26:37But if you've done those in the past and at least you can have a
- 26:40conversation and help them solve a problem but also learn from
- 26:44their experiences as well. Yeah, no, 100%.
- 26:47I completely agree. I mean, just just to round off
- 26:50here, you know, we'll finish with the same question that we
- 26:53always do. If you could have dinner with
- 26:55any scientist or innovator, either past or present, who
- 26:59would it be and why? Yeah.
- 27:01So I'm not sure if you've had this one before, but Richard
- 27:05Feynman. OK, interesting.
- 27:08That's not probably what you're thinking from from biotech
- 27:11perspective, but you know, you know, as a physicist a little
- 27:16bit in the biotech area, you know, some of his thoughts and
- 27:20kind of thought process are just absolutely, you know,
- 27:23fascinating. His work around kind of
- 27:27nanotechnology, which, you know, we're still evolving in biotech
- 27:31now is is, you know, incredible, you know, his thoughts and
- 27:37thought process around, you know, kind of nano computers
- 27:40going in and fixing, you know, systems within the body.
- 27:44You know, although space age then probably still now.
- 27:47It's just fascinating. His kind of ability to think
- 27:52differently, look at the problems differently and always
- 27:56have that kind of curious mind of, you know, what else can I
- 27:58learn? So I think it would be
- 28:01absolutely fascinating just to, you know, whether it was now or
- 28:05back in the 1950s or or 40s, that would just be an absolutely
- 28:09fascinating discussion to have. Yeah, I completely agree.
- 28:12And and I I'd join you on that one.
- 28:13To be honest, I'd I'd put up a chair if you'd have me.
- 28:16Yeah, yeah. And I was just like, I think
- 28:19there's just certain bias of time that you go, how how are
- 28:23you thinking just so provocatively and so differently
- 28:28than everyone else. So that that would be my dinner
- 28:30guest and probably be a really long dinner.
- 28:32Yeah, no, Great, great choice. Well, it's been an absolute
- 28:35pleasure having you on with me today, Craig.
- 28:38I hope you've enjoyed it. Yeah.
- 28:40Perfect. Great being on with you Ben, and
- 28:43we'll chat soon. Yeah, most certainly.
- 28:45Thanks to everyone watching. Make sure you you like and
- 28:47subscribe and stay tuned for future episodes.
- 28:50Bye for now.