That’s the message from a biotech CEO and a biotech VC in a new op-ed in STAT News.
While there’s no silver lining to the pandemic, it’s nonetheless driving “an unprecedented transformation of the global medical research ecosystem,”explains John Crowley, CEO of Amicus Therapeutics (BIO member!) and Kush Parmar, managing partner at 5AM Ventures and one of the founding partners of the COVID R&D partnership.
“Cutting-edge medical research and data are being shared and analyzed in near real time,” in an effort to find COVID-19 vaccines, treatments, and diagnostics as quickly as possible.
We’re also breaking down “silos between medical research and patient care,” leading to an “adaptive research network that can harness the latest findings from patients treated in frontline settings and use that experience to help select and test the most promising new therapies and vaccines in clinical trials.”
Three important tools are reducing R&D time and cost: “modernized regulatory science, digital medicine technologies, and adaptive clinical trial designs.”
These shifts will not only help us get out of this crisis—they’re also “making the future of medicine a reality today.” And after the pandemic, will help us beat other illnesses and save millions more lives, too.
Read the whole thing.
Learn more about what the biotech industry’s doing to combat COVID-19 at www.bio.org/coronavirus.
More Health Care News:
The Wall Street Journal: Race is on to create rapid COVID-19 tests for the fall
“Hundreds of teams are competing a la ‘Shark Tank’ for NIH funding to develop at-home diagnostic strips and other options.”
Biopharma Dive: Merck makes COVID-19 drug plans clear with flurry of deals
“The two experimental vaccines come by way of Themis, an Austrian biotech Merck is acquiring, and the nonprofit IAVI, with which Merck will collaborate. Clinical trials of the two candidates will begin later this year, Merck said. The pharma also bought rights to an oral antiviral drug from privately held Ridgeback Biotherapeutics.”