The takeaways from BIO's virtual coronavirus summit

March 26, 2020
Getting this email for the first time? Welcome! We’ve expanded Good Day BIO’s distribution to all BIO members. We value your participation and want to ensure you’ve got the latest information on activities in the biotech space during this critically important time. We…
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Getting this email for the first time? Welcome! We’ve expanded Good Day BIO’s distribution to all BIO members. We value your participation and want to ensure you’ve got the latest information on activities in the biotech space during this critically important time. We welcome your questions and feedback.

Today, we’ve got about 860 words (4 minutes) on what happened during BIO’s virtual coronavirus summit and an example of a small biotech at the intersection of agriculture and health working on a possible solution.

The takeaways from BIO's virtual coronavirus summit

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Yesterday, we wrapped up our two-day virtual summit on COVID-19, which brought together industry leaders, government officials, and scientific experts to maximize collaboration on vaccines, therapeutics, and diagnostics. Here are the takeaways.

What: Led by BIO President and CEO Jim Greenwood and Dr. George Scangos, President and CEO of Vir Biotechnology, the purpose of the summit was to facilitate collaboration and allow the industry to work through “the common problems and bottlenecks,” as Dr. Scangos explained on a press call after the event. 

Who: Participants included invited leaders from 45 biotech and pharmaceutical companies, global experts in virology and immunology, and government officials including Dr. Deborah Birx, who is helping lead the government’s coronavirus effort.

The key takeaway: We heard a strong desire to collaborate and work through the crisis as quickly as possible—but this requires collaboration with government, too, on things like clinical trials and point-of-care diagnostics, as two examples, as well as funding, particularly for small, pre-revenue biotechs working on some of the most promising science.

Another challenge: scaling up. “If we want to have something available for people next year, we need to scale up now,” explained Dr. Scangos. “You have to make commitments for the manufacture and scale-up capabilities now, before you know whether the compounds you have or the approach you’re taking works.” (This is what we mean when we talk about the risk involved in drug development.)

Watch Jim recap the summit:

 
Jim Greenwood Recaps BIO Coronavirus Collaboration Initiative Summit
 

What’s next: Each pillar (vaccines, therapeutics, diagnostics) will stay in regular contact.

Why it matters: “Every hour that we delay, people die,” said Dr. Scangos. But the good news? This crisis is “bringing out the best of what the industry has to offer.”

Read more:
BioCentury: BIO summit outlines what industry needs for COVID-19 response

 

More Health Care News:

Forbes: As coronavirus spreads, private sector offers hope—and treatments
“While federal regulators have exacerbated the crisis at seemingly every turn, private firms have rolled out promising new therapies and technologies that could help mitigate the pandemic—and save lives.”

STAT: Vir Biotechnology reports early progress in antibody treatment for COVID-19
“The company said that human tests of the drugs could begin in three to five months, putting it roughly in line with two other efforts to produce anti-coronavirus antibodies.” 

The New York Times: Gilead withdraws request for special orphan status on experimental virus treatment
“Gilead said it had sought the orphan status to expedite approval of the drug, in particular a required pediatric study plan that, without such a designation, the company said could have taken up to 210 days to complete. But Gilead said that after speaking to regulators, it was confident the application would move quickly.”

 
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How cows are fighting the coronavirus

As we search for treatments for COVID-19, we (humans) now have some help from animals, thanks to innovative BIO member SAB Biotherapeutics. Today, Agri-Pulse dives a little deeper into how biotech cows might help us diagnose AND treat the coronavirus.

What they’re doing: SAB Biotherapeutics has genetically engineered cows to produce human antibodies to help fight diseases like MERS and the new coronavirus.

How it works: “SAB injects cows with a noninfectious part of the virus, causing them to produce fully human antibodies ‘that will actually neutralize and bind to the live virus,’” reports Agri-Pulse.

How it’s unique: “SAB’s antibodies are different because they are polyclonal, which is the natural immune response to disease, making them less likely to become resistant.”

And now, they’re working on therapeutics AND diagnostics. SAB is able to “generate both reagent antibodies for diagnostics and large volumes for therapeutic treatment both specifically targeted to SARS-CoV-2,” SAB’s SVP of Corporate Communications Melissa Ullerich told Good Day BIO. 

From breakthroughs in health and agriculture and the environment, the COVID-19 outbreak is demonstrating the vast potential of biotechnology to address challenges across sectors—and the need to support the work of small, innovative biotechs researching creative solutions.

Masters Message: When something bad happens, you see the eyes of the world look to U.S.-based biotechnology. They look to us for answers. Because of that, it’s a chance for Americans to actually see the amazing things that are going on in our labs. American biotech can help lead us out of this crisis—but it’s important for the government to establish science-based regulations that allow breakthrough biotech work to be realized. – Rich Masters, BIO’s EVP for Public Affairs. Follow Rich on Twitter (@RichMasters) for more insights.

 

More Agriculture & Environment News:

POLITICO: Rural areas brace for hard economic hit
“Both farming and manufacturing were hurt in recent years under President Donald Trump’s trade wars, which in turn took tolls on community banks concentrated in the Midwest. Rural demographics and aging infrastructure often make it harder for these regions to confront an economic crisis and bounce back.”

 
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President Trump’s Thursday: Video call with the G20 leaders. The Coronavirus Task Force is scheduled to hold a press briefing at 5pm ET, and Fox News’ Sean Hannity will host an interview with Trump at 9pm ET. 

What’s Happening on Capitol Hill: After passing the $2 trillion stimulus late last night, Senators are heading home to quarantine. The House is expected to pass the bill this week remotely by voice vote, according to POLITICO.

 
 
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