Latest / The BioHub - by Avetix / Episode 54– Adam Thomas - Chief People and Experience officer at Moma Therapeutics
Transcript
- 0:05Welcome. Back to the episode of the Bio
- 0:06Hub. Today we're thrilled to be
- 0:08joined by Adam Thomas, who's the Chief People and Experience
- 0:11Officer of Moment Therapeutics. Adam brings over 2 decades of
- 0:14leadership experience across his roles at Pfizer, SC, Johnson,
- 0:18Shire, Sin Logic and now Moment Therapeutics.
- 0:22And Adam is instrumental in shaping the company's culture
- 0:25and employee experience, ensuring that as the
- 0:28organization advances scientific mission, it remains a place
- 0:32where people thrive. So join us today as we'll talk
- 0:35through Adam's journey, his thoughts on why Chr rows are
- 0:39rarely seen on boards, as well as the highs and lows of
- 0:42biotech. So Adam, thanks so much for
- 0:44coming on. How are you?
- 0:45I'm very. Well, thanks.
- 0:46Thanks for having me. It's great to see you, Tom.
- 0:48Yeah. Nice to see you again.
- 0:50Thanks for coming on. It's a pleasure.
- 0:52Absolute. Pleasure, delighted to do so.
- 0:56Cool. So look, let's start off with a
- 0:58little bit about you then. So can you tell us about your
- 1:00journey in biotech and were there any specific mentors or
- 1:04role models who influence your professional journey?
- 1:07Yeah, absolutely, Tom. And you kind of covered it in a
- 1:10better way than I ever could in your introduction.
- 1:12So thanks very much for that. But I started off working for
- 1:16the corporate executive Board, which is an HR consultancy that
- 1:20many people in the, the HR field would, would know.
- 1:24I was there for a couple of years very early in my career
- 1:27and that's now part of the the Gartner Group.
- 1:30When I was working there, I had exposure to lots of different
- 1:32organizations and industry and I became very, very interested in,
- 1:36in, in biotech and pharma. And I had the good fortune to
- 1:39join Pfizer. And I have worked for Pfizer
- 1:42both in the UK and the US for about 12 years in various
- 1:46different HR positions focused on R&D primarily.
- 1:50And I met a number of great people there, which I'll come
- 1:52back to in a second. On your, your question about
- 1:54mentorship. Well, I was at Pfizer, I had the
- 1:56good fortune that they supported me to do an MBA and they did
- 1:59that at Boston University. And after I graduated my MBA,
- 2:03there were a number of changes happening at Pfizer as well.
- 2:05And I decided it was a good time to, to make a move.
- 2:08And I went and, and actually left the industry and joined SC
- 2:11Johnson consumer products company Make Pledge and Windex
- 2:14and Ziploc bags and often RAID and lots of consumer products.
- 2:17And I was the head of HR for R&D at SC Johnson.
- 2:20I've been living in Boston prior to that with with Pfizer, but I
- 2:23moved over to Milwaukee, was working in, in Wisconsin for
- 2:26that role. Then decided I wanted to come
- 2:29back to the industry and came back to came back to Shire where
- 2:32I was the head of HR for R&D at Shire and had a great time.
- 2:35There was a fantastic company and then decided that I wanted
- 2:39to move into a, a smaller company and I joined a biotech
- 2:43company called Synlogic. Sylogic, when I joined them was
- 2:4642 people. We were just going from research
- 2:49into development. We're just getting ready to go
- 2:51from private to public. And I joined there.
- 2:54I worked at some logic for seven years, happy to talk about the
- 2:57highs and lows there. But unfortunately, we eventually
- 2:59shut the company down. And from there I joined MoMA,
- 3:03which is where I am today. I've been here for about a year.
- 3:07You'd asked for you asked about your mentors along the way.
- 3:11So a few I would highlights, certainly one was I worked with
- 3:16a guy when I joined Pfizer first, whose name is Dermot
- 3:20Callahan, who was the most generous supportive mentor I
- 3:24could ever hope for. Spent so much time with me as I
- 3:26was early with within my career, really invested a lot of time
- 3:29and effort and get me up to speed on so many different
- 3:31things. And I attribute a lot of my
- 3:34growth and development to Dermot.
- 3:35He's just a fantastic mentor very early in my career.
- 3:39I've also had, as I think back, I've had an interesting
- 3:42experience. I've worked with three leaders
- 3:45twice in different organizations and they all stem from the days
- 3:49of Pfizer. So when I was in the UKI worked
- 3:52closely with Rod McKenzie. Rod was then the person who was
- 3:57leading a research site in Cambridge and he helped fire me
- 4:02into the role that led to me moving from the US to the UK to
- 4:05the US. And, and Rod would say I owe my
- 4:08life to him, which is probably true about in, in many ways.
- 4:11But again, fantastic mentor, but also a fantastic sponsor in
- 4:15terms of opening that opportunity to me that led to
- 4:18the, to the move over. Phil Vickers was another guy I
- 4:21worked with closely. So I worked with Phil at, at
- 4:27Pfizer again. And then Phil was the, the, the
- 4:31heads of Shire R&D at a time I was looking back to get into
- 4:35biotech and hired me there. So I had a great experience of
- 4:37working with with Phil again in that experience, he's now the
- 4:41CEO of Solu, another biotech company, and a fantastic guy to
- 4:45work with. And then I also worked with a
- 4:48guy when I was over in the US with Pfizer called JC Gutierrez
- 4:51Ramos, who was the CEO of Synlogic, then hired me across
- 4:54into Synlogic. So in terms of those folks,
- 4:58they're people who were willing to kind of sponsor me and having
- 5:01worked with me once, willing to work with me again, which is
- 5:03probably the definition of insanity.
- 5:05I would say, you know, doing the same thing twice, expecting
- 5:07different results. But I've learned a huge amount
- 5:10from all three of those. And then more recently, the CEO
- 5:14at Synlogic was a for Brennan, I bought your board chair was
- 5:19Peter Barrett, learned a huge amount from both of those.
- 5:22And in the role I'm in here now a Ciproix, our CEO, Jeff Albus
- 5:25is the board chair and I'm learning a huge amount from them
- 5:27as well. So I've had the good fortune of
- 5:29working with some some great people, Tom.
- 5:32Some of them more than once, it turns out.
- 5:34Yeah, local free, terrific answers there.
- 5:38And just in terms of so, I mean, there's obviously a lot of
- 5:41biotechs out there. You've worked to various
- 5:43different types of companies in terms of small biotech, big
- 5:46pharma. What attracted you to MoMA, and
- 5:49how does this mission resonate with your professional values?
- 5:53So it's an interesting question, Tom, to answer it fully taking a
- 5:57step back, So I was working at Shire, much bigger biotech
- 6:02company. We were 5000 people when I
- 6:03joined following the acquisition of Back Solta, we went up to
- 6:0622,000 typical mid to to large sized biotech company.
- 6:13I became interested in going to a much smaller company and
- 6:16joining some logic as I started thinking about different
- 6:20experiences I could get. And I figured I could do many
- 6:24more years in, in, in Shire or a company like Shire and I'd learn
- 6:28a lot. But there would be a different
- 6:31experience getting into a much smaller company for me
- 6:34personally in, in in many different ways.
- 6:36One of the things that I was conscious of is I've worked with
- 6:40in biopharma for almost 20 years or more than 20 years, as you,
- 6:44as you said in the intro, I've worked with many teams that have
- 6:47launched products, many teams that have drug drugs to market.
- 6:50But in a big company as, as somebody in HR or HR related
- 6:53fields, you, your, your impact on any single product is pretty
- 6:58diffuse. You, you may work with the
- 6:59teams, but you can't say it's got your kind of thumbprints on
- 7:02it. And I really wanted to be in a
- 7:03situation where I could say once in my life I got a drug to
- 7:07market. And that was what one of the
- 7:08real key things that attracted me to Synlogic.
- 7:11So the ability to work and really put your, your finger on
- 7:14something and say that you got that product through the market.
- 7:18And then the ability to learn and do something different and
- 7:20really go on an accelerated learning path of doing something
- 7:22different. That's why I got into Synlogic.
- 7:24Had a fantastic experience there.
- 7:26Got a huge amount of breadth, did various different roles, ran
- 7:29facilities, operations, legal communications, bunch of
- 7:32different things outside HR Really good broadening
- 7:35experience. Was the corporate secretary of
- 7:37the board. Did a bunch of different things.
- 7:39Unfortunately, we got as far as phase three at Synlogic and then
- 7:43we had to shut the company down. The program wasn't working out
- 7:46as we'd expected. Funding was really, really tight
- 7:48and in that the market at that time, you don't get a chance to
- 7:51to kind of do over and get another shot at it.
- 7:54But having had that experience and been unsuccessful, I was
- 7:56looking for a similar kind of size and stage of company again
- 8:00to try and I guess I say to try and really influence a culture,
- 8:02really influence an organization, learn and do
- 8:05different stuff, but also have a fingerprint on a drug going to
- 8:08market. And MoMA was similar to Some
- 8:10Logic at the time I joined really depth of science,
- 8:13oncology focused, great culture, great people, some great
- 8:16programs, but also they were kind of right stage to to come
- 8:19in and hopefully influence a product getting to market.
- 8:21So I was delighted when the opportunity came up here, very
- 8:24disappointed about Some Logic obviously, and the way it ended,
- 8:27that was pretty heartbreaking. But I was delighted to have the
- 8:30opportunity to come here given the size and stage and journey
- 8:33of the company. And I felt I could contribute
- 8:35something to to the mission. So that was how I ended up here.
- 8:38Very good. And I know, so this next
- 8:40question I know was a topic that you were particularly passionate
- 8:43about and an absolute one that made me think a little bit more
- 8:47on it. So I was looking forward to
- 8:48hearing your answer. But I guess despite the critical
- 8:51role that people play, despite the critical role that people in
- 8:55culture play in biotech success, especially in innovation driven
- 9:00and high growth environments, very rarely do you see CHROS on
- 9:05biotech boards. What?
- 9:07Why do you think that is? I think Tom, it's, it's
- 9:12something that you mentioned. I was passionate about it.
- 9:13So I think it is something where over time we'll see a shift.
- 9:19But right now you're exactly right.
- 9:20There's, there's not that many board opportunities.
- 9:23The, the, the first thing I would reflect on is that boards
- 9:27by their very nature are highly selective.
- 9:29They're only asked any, you know, a limited number of board
- 9:32seats in, in any given company. So boards can be very picky
- 9:36about who they they have on boards and those positions tend
- 9:40to turn over at a very, very slow pace.
- 9:42Many people are on boards for multiple years.
- 9:45And so the pace of change when it comes to boards can be a
- 9:49little bit glacial. If you look at there's been a
- 9:51big push to get more women on boards, which is a fantastic
- 9:53drive and really, really important.
- 9:56But again, the pace of that change has been, has been pretty
- 9:58slow in happening down to the dynamics somewhat the dynamics
- 10:02of boards and the turnover and many other factors as well,
- 10:05obviously. So that, that is 1 dynamic.
- 10:09The, the second dynamic is, to be frank, HR hasn't had the
- 10:14reputation for being a strategic, strategic important
- 10:17function. If you look back to, you know,
- 10:19the 70s, it was a personnel function, it was administrative
- 10:23and HR leaders weren't seen as being really important
- 10:26contributors. Often they didn't report to the
- 10:28CEO, they reported that second level.
- 10:30And I, I think some of that perception of, of HR still
- 10:33persists or is, is something that we're still working to, to
- 10:36kind of change. I do think though, things are
- 10:39changing slowly. So the compensation committee in
- 10:44many organizations is becoming a compensation and culture
- 10:47committee or compensation and talent Commission.
- 10:49The, the, the remit is growing more broadly than just what you
- 10:52pay the, the, the CEO. We're starting to see more and
- 10:55more HR executives take on broader roles, broader
- 10:59positions, manage different functions, really being kind of
- 11:01business leaders. And there's a real drive in
- 11:05boards to have an oversight into culture and talent.
- 11:08If you just look at the pandemic, so much of the time
- 11:10was spent around the culture of the organization and things like
- 11:13work from home policies or when will you get people in the
- 11:16office. And I really think there's an
- 11:18importance in terms of people and talent that maybe there
- 11:21wasn't there a decade ago, which is kind of kind of happening.
- 11:25So I do think in, in many ways that the time is now, Tom, and I
- 11:28think that the, the opportunities are going to start
- 11:30to, to open up as, as organizations do this.
- 11:33And I think there's a very natural spot.
- 11:35So CFOs run the audit committee, CHROS, chief people officers
- 11:39could run the compensation committee.
- 11:40That's why they have expertise. So there is even a, a kind of
- 11:42critical role to play there, which I think is, is, which is
- 11:46great. We did it at some logic.
- 11:48My previous company with Lisa Kelly Crosswell, who was the the
- 11:52CHRO of the Boston Medical Center had been CHRO of Vertex
- 11:56during the period of their rapid growth.
- 11:58And we had her on the board. She was a fantastic person to
- 12:00have on there. So we added, we added on there.
- 12:03And I do think it has a secondary benefit that if boards
- 12:06are looking to diversify, which many of them still are, then you
- 12:10have a big pool of potentially diverse talent you can tap into
- 12:13as well. So my hope is over the next
- 12:16things move slowly in boards as I said.
- 12:17So my hope is over the next decade we see more and more
- 12:21CHROS of chief people officers joining boards and I think it
- 12:24will start to happen. Yeah, very good.
- 12:27And from your experience working at companies like MoMA and
- 12:31Synlogic, you're obviously working very closely with the CE
- 12:35OS of those companies. Just talk us through why that
- 12:38partnership is so vital, particularly in in smaller
- 12:41biotechs like those. I, I, I think it's a really
- 12:45important relationship clearly. And I think the, there's so much
- 12:51of whether you can deliver on your goals and your mission as a
- 12:54company depends on whether you have the money to do it and
- 12:57whether you have the people to do it.
- 12:58Those are, those are two factors and the capabilities obviously
- 13:01within that. And you'll typically have ACFO
- 13:03who's there to make sure that you have the finance and capital
- 13:06you can deploy against whatever your goals are and your chief
- 13:10people officers there to make sure you have the people and the
- 13:12talent and the culture that's going to deliver on that.
- 13:15And so I, I think it's, it's particularly in biotechs where,
- 13:19you know, it's a highly intensive human capital
- 13:20business. It's knowledge, knowledge
- 13:22business. I think it's really, really
- 13:24important that the the CEO knows they have someone they can trust
- 13:27who's going to work tirelessly to, to build the right culture,
- 13:29get the right talent, make sure the organization is really
- 13:32performing in a high, a highly effective manner.
- 13:36I, I also think that the, the CEO role can be extremely lonely
- 13:41in different companies and start having somebody close that they
- 13:45can be a confidant that can make it, they can rely on, they can
- 13:48bounce ideas off. I think that can be important.
- 13:51There's a great CEO network out there within biotech and I know
- 13:54that they, they share ideas a lot with each other, but having
- 13:56somebody within the company who's that that kind of that
- 13:58sounding board can be, I think a useful thing to see for the CEO
- 14:01as well. So I do think it's a really
- 14:04important relationship and it's one that hopefully I've
- 14:07cultivated here in other roles. Yeah.
- 14:10And you've, you've touched on Synlogic already where you were
- 14:13for almost 7 years. Talk us through the highs of
- 14:16that journey, you know, going from an early stage company to
- 14:19to, you know, getting the program through the clinic and
- 14:22growing the the business out, as well as the lows of, you know,
- 14:26restructuring and eventually having to wind the company down.
- 14:30Yeah, we, we had many, many highs, Tom, and we had, we had
- 14:34many, many lows. I think like a bit like a cat.
- 14:38We had 9 lives. I sometimes think it's in logic
- 14:41and I like to think that we really gave it our best shot.
- 14:46But unfortunately it was, it was not to be.
- 14:49So the, the science of synlogic was really highly innovative.
- 14:52We were taking E coli Nistle as a living bacteria.
- 14:55We were using synthetic biology to engineer the E coli Nistle as
- 14:59a therapeutic, as a living therapeutic that you take like a
- 15:02probiotic, go into the gut, chop a toxin and therefore reduce the
- 15:07effects of, of, of a harmful disease.
- 15:09And we were working on rare metabolic diseases primarily the
- 15:14the technology was really, really innovative and we were
- 15:16really the only people doing it. And that has many, many pros and
- 15:19cons. But it can be very hard just
- 15:22from a, a fundraising and capital type perspective to
- 15:26raise funds on something that is so innovative and keep people
- 15:29interested in the natural cycle of long gaps between data
- 15:34readouts for a small company with different programs.
- 15:37So I joined when we were about 42 people.
- 15:40As I said, we were just going into development.
- 15:42We were just getting ready to go public.
- 15:45And that was a fantastic, real high on the day that we went
- 15:49public, we, we got a bus, we took the whole company down.
- 15:52You could fit them all in one bus.
- 15:53Took the whole company down to to ring the bell at NASDAQ and
- 15:57that, you know, fantastic experience for everyone to be
- 15:59involved in in something like that, which was great.
- 16:03And those early days of building things out with fantastic.
- 16:07We built out our own manufacturing from scratch,
- 16:09really bootstrapped it. One day I had equalities for a
- 16:13guy, Rick, fantastic guy because we were struggling a bit on the
- 16:16manufacturing side, say, Oh, I know a guy that might be able to
- 16:18help. And if you ever hear a guy that
- 16:20knows a guy, that's kind of how good things happen.
- 16:22So that, you know, early days of building all this up, we're just
- 16:25incredible experience. The team was phenomenal work
- 16:28with some great people, but it was a, it was a hard slog.
- 16:33It was hard to raise funds, hard to raise capital.
- 16:38First program into the clinic unfortunately didn't work out
- 16:41and that was a hit that was hard to kind of recover from, really
- 16:44impacted our stock. We were public at the time.
- 16:46And unfortunately, you don't get the same ability to come iterate
- 16:49on stuff, particularly for an early platform, if you're public
- 16:52as you do when you're private, because everything is is is
- 16:55reported and you just don't have the chance to kind of go back
- 16:58and lick your wounds a little bit and then come at it again.
- 17:01And our second program was a lot stronger than our first.
- 17:04And so I think had we been private, maybe things would have
- 17:07be a bit different. But we took a hit on the stock
- 17:10and then it was hard to raise funds.
- 17:12And then unfortunately, we built the company up.
- 17:14But as as it got harder and harder to raise capital to
- 17:17support increasingly expensive development programs, we had to
- 17:20go through different cutbacks and we went through a series of
- 17:23different reductions. And then eventually we closed
- 17:26the company. And that was really, really
- 17:27tough because at that point in time you've got really a really
- 17:31strong team, everyone working incredibly hard.
- 17:35It's just incredibly sad to release people.
- 17:36But I like to think firstly we look people looked after people
- 17:40on the way out the door. I like to think that everyone
- 17:44felt we did as good a job as we can.
- 17:46We took a swing at it. Sometimes you swing and you
- 17:48miss, but unless you take a swing at it you will never know.
- 17:51So I think we did the best we could on the programs and I
- 17:54think it was an incredible experience and a great, a great
- 17:57journey we had over the 10 years of the company in the seven
- 17:59years I was, I was there. So I'm incredibly proud of, of
- 18:02the work we did. Not many companies making the
- 18:04phase three as a small biotech. So I'm, I'm delighted that we
- 18:07got to phase three. And I just hope that we move the
- 18:10field forwards both in terms of engineered bacteria as
- 18:13therapeutics, but also the, the lead program was in the disease
- 18:16called phenylcatinuria or PKU. And I hope that we've helped
- 18:20others who follow us because it's a a disease in new in need
- 18:24of many new treatments as well. So good experience, but you're
- 18:27really bittersweet at the end when we shut the place down.
- 18:30Yeah. And I think you've just
- 18:31summarized biotech in a sort of nutshell with the highs and
- 18:34lows. You know, one minute you, you're
- 18:36expanding and you, you've got drugs in the clinic and you go
- 18:39in IPO and then sometimes macroeconomic factors can just
- 18:43prove too much of a challenge. Yeah, no, it's, it's funny.
- 18:46You could, if you graphed our headcount over the life of the
- 18:50company, which I, I did, you could see distinct periods,
- 18:54rapid growth level where you're consolidating relatively flat
- 18:58growth to kind of replacing turnover.
- 19:00But you're really one of our board members used to describe
- 19:02it as you first you grow up, then you go out.
- 19:04So you're working on optimizing everything, capabilities,
- 19:07performance. Ideally you'd hope to kick on
- 19:10from there to another period of rapid growth, but sadly with
- 19:13some logic it went from consolidation to then a
- 19:16reduction and eventually closure.
- 19:18So on the on the head crowd graph, you end up with very
- 19:21distinct phases and it's kind of clear what you're working on at
- 19:24those different times. Yeah, fine.
- 19:27And you've held HR leadership roles on both side of the fence,
- 19:30so large farmer, Pfizer and Shire and now in small biotech,
- 19:34it's in logic and Mona, what are the biggest differences that
- 19:38you've experienced in leading people's strategy in big farmer
- 19:42versus biotech? And does that change your
- 19:44approach it all as an HR lead? I, I think that the, the roles
- 19:50are different. I don't necessarily think
- 19:53they're better or worse. I think some of it is you have
- 19:56to pick what you want to work on at the, at the time and the
- 20:00environment you think is going to be best at the time.
- 20:02So in, in a big company there, there is so much going on.
- 20:07You get exposed to a ton of different stuff you can.
- 20:11You know, there's so many internal experts you can call on
- 20:13for various different things. You can get some really good
- 20:18teams together internally without having to stretch too
- 20:20far. If you have a problem, you have
- 20:22an army you can throw at it sometimes.
- 20:25And I think there's a huge amount of depth.
- 20:27You can spend a lot of time doing internal stuff.
- 20:30Like, I don't know how many times I've worked on projects to
- 20:32relook at the operating model in a big company, but it's probably
- 20:36counting on two hands. How did you know what teams are
- 20:39set up, governance structure. So you can become quite
- 20:41internally focused and you know, you can be people can say it's
- 20:46bureaucratic, although the review process often means you
- 20:51make a better decision in the end, it might take you a bit
- 20:53longer to get there because during those reviews, ultimately
- 20:56people are giving input, which is which is valuable.
- 20:59So I think that's that's incredibly important, can be
- 21:02very, very rewarding. The small company, often times
- 21:07you're a bit scrappier, you don't have that same internal
- 21:09support. Your external network becomes
- 21:12very, very valuable. We're very fortunate in biotech
- 21:14that within the biotech HR community, there's a phenomenal
- 21:18HR network. And if you're looking for ideas,
- 21:21suggestions, coaching, guidance, you can reach out across the the
- 21:25community and people will pitch in and help each other, which I
- 21:28think is one of the great things about biotech.
- 21:30And it really came to the fore during the pandemic when you
- 21:33didn't know which way was up or down and lots of people helped
- 21:35each other out. You can be nimble and quick in a
- 21:38small company in a different way, but sometimes that means
- 21:41you might not have fully thought through a decision or it might
- 21:43be not fully baked at the point you're going out and you're, you
- 21:47cover everything, which can be good or bad.
- 21:49I mean, my, my role here covers HR, but also covers facilities,
- 21:54operations, communication, legal, admin, IT, technology,
- 21:59informatics, because because of a whole bunch of different
- 22:01things. So you often times will wear
- 22:04many, many different hats. And so I think it comes down to
- 22:08kind of what environment you want to work in and where do you
- 22:11see your particular strengths? Because I think the, the roles
- 22:13can be, can be different in a small company like this, there's
- 22:16not many people to delegate to. So if it needs to get done, you
- 22:19need to do it, whereas you might be running a bigger team.
- 22:22And you know, as I mentioned earlier, I've worked with three
- 22:24people at least twice and that all came out of kind of bigger
- 22:28company. So I do think that they're
- 22:30different, Tom. They're not better or worse.
- 22:32And I think some of it comes down to how you, how you go
- 22:36when, when I speak to kind of students coming out of school
- 22:40and they ask for kind of career advice, I always say start big
- 22:42and go smaller. I think that's probably a bias
- 22:45because that's somewhat what I did in terms of my experiences.
- 22:48But I do think that early in your career, getting that blue
- 22:51chip name on your resume and getting that blue chip
- 22:53experience can be really, really good in terms of just shaping
- 22:57you and, and learning and building your skills and
- 22:59training you up. And then if you want to then dip
- 23:01your toe in smaller companies, you then have that background to
- 23:04kind of fall fall back on. So for, for what it's worth,
- 23:07earlier people who are early in their career, that's the kind of
- 23:09advice I, I give them, But they always say, you know, advice is
- 23:12worth what you pay for it and that's free.
- 23:14So you people should ignore that and and take their own path for
- 23:16sure. Yeah, and I love the point that
- 23:20you mentioned about like biotech being a community.
- 23:22I think a really good example just given what's happening in
- 23:25the current climate is a lot of layoffs going on, not just in
- 23:29small biotech, but in big pharma.
- 23:31And I think biotech has that community that when a company
- 23:33hasn't for what they had to let go that, you know, resume books
- 23:36have passed between companies and and genuinely just wanting
- 23:39the best for people and helping people out.
- 23:41So I think biotech, similar to what you said, is really good
- 23:44from a community standpoint. Yeah, I agree with that.
- 23:48I think the resume book is a great practice.
- 23:51We benefited from that. It's in logic when we shut the
- 23:54company down, seeing people pitch in and really be
- 23:59supportive. Every resume book gets reviewed
- 24:02by hundreds of people. People really look at trying to
- 24:04place people as quickly as possible.
- 24:06I think that's fantastic. It is a process that is getting
- 24:09strained at the moment because the opportunities aren't there.
- 24:11Sadly, with the with the job market and biotech being what it
- 24:14is and the capital markets being what they are, it really is a
- 24:17tough time. So you're getting a resume book
- 24:19every day, every other day, you'd love to help out and it's
- 24:22just not the positions to do it, but that will pick up.
- 24:25So I think the practice needs to continue.
- 24:28And as we hopefully get out of this, this dip we're in and
- 24:31things start to pick up, there are some fantastic people out
- 24:34there on the market and I really look forward to seeing them
- 24:36placed pretty soon. So I hope as things pick up,
- 24:39maybe not this year, maybe early next year, but you know, the
- 24:42resume book is a great example of people pitching and helping
- 24:45out. Yeah, for sure.
- 24:47And this is a question that we always finish with on the Bio
- 24:50Hub, and I know I wanted to give you a heads up on it as well,
- 24:53but if you were to have dinner with three people, past or
- 24:56present, who would they be and why?
- 24:58They don't necessarily need to be people that work in biotech,
- 25:02although they can be if you like.
- 25:03But yeah, three people for dinner.
- 25:05Yeah, thank. Thanks for the heads up on this
- 25:08because it was actually quite thought provoking and I tried to
- 25:10get to an answer that was, you know, something that I had
- 25:16considered. So my, I hope it's OK.
- 25:19My list is actually four people rather than rather than three.
- 25:23The, the first people I'd love to have dinner with are my
- 25:27grandparents on my dad's side. I had the good fortune that I, I
- 25:32got to know my grandparents on my mom's side reasonably well,
- 25:35But just given where I grew up was far away from, from that
- 25:37branch, my family, given they passed away when I was pretty
- 25:40young. I never really, I don't really
- 25:42have any memories of my dad's parents and I'd love to meet
- 25:46him. And, and I think that would be a
- 25:49really interesting experience. My, my grandfather worked down
- 25:55coal mines and so very, very different experience to how I
- 25:59grew up. And I'm sure his life and his
- 26:02experience would be fascinating. So that was, that was one.
- 26:06The second, and I say, and I say this knowing that there's a lot
- 26:10of baggage with this. The second is Churchill, and I
- 26:15think that whenever you see, I mean, obviously I grew up in the
- 26:18UKI grew up in Scotland, Whenever you see kind of lists
- 26:23of the greatest Britain, whoever lived, Churchill was always top
- 26:26and I think his lessons on leadership would be fascinating.
- 26:30And he was always quick with a joke as well.
- 26:32So it'd probably be quite an entertaining dinner.
- 26:35I say there is baggage because you know, some of the things,
- 26:38some of the acts he did while Prime Minister don't stand,
- 26:42haven't really stood the test of time particularly well.
- 26:44And I think he he's seen as being potentially racist and
- 26:48misogynistic. So I'd love to take the good
- 26:51parts of Churchill and recognize it's one dinner, not a kind of
- 26:54friend for for life. And then the third is is Taylor
- 26:59Swift. So I have a 12 year old daughter
- 27:02and A and a nine year old daughter.
- 27:04And if I could tell them I had dinner with Taylor Swift, they'd
- 27:06just be blown away. So for completely personal,
- 27:10selfish reasons, the third would be Taylor Swift.
- 27:12I think she's an incredible business person.
- 27:14She writes good songs. I think it would be, it would be
- 27:16fascinating, but it's more so I could tell my kids I did it.
- 27:20So my grandparents on my dad's side, Churchill and Taylor
- 27:22Swift, those are my 3. Yeah, I love that and I love the
- 27:26thought that's gone into to some of those answers as well.
- 27:29But look, thanks so much for helping us out with this.
- 27:31I think it's been really unique just to see to to listen and
- 27:34hear your perspective on like why HR people aren't on board.
- 27:39Like that was something I was genuinely interested in,
- 27:41something that I've noticed for a while and just your journey
- 27:44through big pharma through to small biotech, I think.
- 27:47Yeah, thanks so much for helping us out with this.
- 27:49I think you you've added a lot of a lot of value.
- 27:51Fantastic. Tom, it's been an absolute
- 27:53pleasure. Great to see you.
- 27:53Thanks for the opportunity and it's it's great.
- 27:55I look forward to seeing future podcasts with other people as
- 27:58well. So thank you so much for doing
- 27:59this.