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Axios Re:Cap

Biotech investor Bob Nelsen on AstraZeneca and his plan to revolutionize pharma

Axios Re:Cap

Axios

Daily News, News

4.5705 Ratings

🗓️ 23 November 2020

⏱️ 13 minutes

🧾️ Download transcript

Summary

AstraZeneca and the University of Oxford today reported promising efficacy data for their COVID-19 vaccine, which has less stringent storage requirements than the Pfizer and Moderna vaccines and which may be distributed earlier in developing countries. Dan digs into the state of vaccine and therapeutics manufacturing with Bob Nelsen, a successful biotech investor who today launched Resilience, a giant new pharma production platform that he believes will prepare America for its next major health challenges. Plus, Axios health care editor Sam Baker joins to discuss AstraZeneca’s interim analysis.

Transcript

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0:00.0

Hi, I'm Dan Pramak and welcome to Axios Recap, presented by Facebook.

0:07.3

Today is Monday, November 23rd.

0:10.6

Snapchat's TikTok clone is up, gold prices are down, and we're focused on how America could

0:16.2

be better prepared for another pandemic. Earlier today, AstraZeneca and the University of Oxford reported promising phase three clinical

0:25.8

trial data for their COVID-19 vaccine, following up on promising news earlier this month

0:30.6

from both Pfizer and Moderna.

0:33.0

All three vaccines could, at least in theory, be available to some people by the end of this year.

0:38.6

Now, conventional wisdom is that all three companies have moved at breathtaking speed

0:43.1

within the broader context of vaccine development and manufacturing, which often takes years.

0:48.6

And the same goes for a lot of the therapeutics developers, like Regeneron, which just got

0:52.8

FDA emergency use authorization for

0:55.1

the monoclonal antibody treatment that had been given to President Trump.

0:59.1

But there's also a different argument, one that says these processes only seem fast because

1:04.2

for decades there's been relatively little innovation in pharma manufacturing.

1:09.0

At least that's the feeling of Bob Nelson, one of the country's most

1:12.0

successful biotech venture capitalists. That's why Nelson spent the last several months

1:16.8

quietly working to launch a new company called Resilience, which formally launched today

1:21.4

with over $800 million in funding from companies like Google and a board of directors that

1:26.7

includes luminaries

1:27.8

like former FDA Commissioner Scott Gottlieb.

1:30.5

The basic idea is to revolutionize drug manufacturing within the United States to better

1:36.1

prepare us for whatever disease or public health crisis lies ahead.

...

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