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	<title>BioWorld &#187; MBA</title>
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		<title>Unless it’s Affordable, Curing Cancer is Just a Dream</title>
		<link>http://bioworld.blogs.bioworld.com/2011/08/30/unless-it%e2%80%99s-affordable-curing-cancer-is-just-a-dream/</link>
		<comments>http://bioworld.blogs.bioworld.com/2011/08/30/unless-it%e2%80%99s-affordable-curing-cancer-is-just-a-dream/#comments</comments>
		<pubDate>Tue, 30 Aug 2011 16:43:59 +0000</pubDate>
		<dc:creator>Mari Serebrov</dc:creator>
				<category><![CDATA[Biotechnology]]></category>
		<category><![CDATA[Cancer]]></category>
		<category><![CDATA[Drug Approval]]></category>
		<category><![CDATA[Reimbursement]]></category>
		<category><![CDATA[Dendreon Corp]]></category>
		<category><![CDATA[MBA]]></category>
		<category><![CDATA[Seattle Genetics Inc]]></category>

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Although they’re the stuff of science, statistics too often lack the power to move us. After all, they’re just numbers. So when companies like Dendreon Corp. and Seattle Genetics Inc. price their cancer treatments at nearly $100,000 or more, we...]]></description>
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			<content:encoded><![CDATA[<p><a href="http://bioworld.blogs.bioworld.com/files/2011/08/jayme.jpg" rel="shadowbox[sbpost-450];player=img;"><img class="alignleft size-thumbnail wp-image-452" src="http://bioworld.blogs.bioworld.com/files/2011/08/jayme-123x150.jpg" alt="" width="123" height="150" /></a>Although they’re the stuff of science, statistics too often lack the power to move us. After all, they’re just numbers. So when companies like <a href="http://www.dendreon.com/" target="_blank">Dendreon Corp</a>. and <a href="http://www.seagen.com/" target="_blank">Seattle Genetics Inc.</a> price their cancer treatments at nearly $100,000 or more, we may arch our eyebrows, but we don’t really think about the impact those prices will have on the individual faces and names behind the numbers. Instead, we wonder, as reported in BioWorld Today, why more patients don’t take advantage of promising drugs like Dendreon’s <a href="http://ow.ly/5VYYZ" target="_blank">Provenge</a>.</p>
<p><span id="more-450"></span></p>
<p>Unlike statistics, faces and names have stories that can bring us to tears, that make us want to shout at the unfairness of life, that inspire us to reach beyond ourselves to make the world a little bit better for someone else. My niece Jaymi is one of those names.</p>
<p>She was diagnosed with <a href="http://www.ncbi.nlm.nih.gov/pubmedhealth/PMH0001606/" target="_blank">Hodgkin’s</a> when she was 15. After a cocktail of chemo and radiation, full-body radiation and an unsuccessful bone marrow transplant, her doctors basically told her to enjoy what little life she had left. She took them at their word. She went to college. She married her high school sweetheart. And, against all odds, she gave birth to a beautiful, healthy baby girl (pictured here with Jaymi).</p>
<p>At 23, Jaymi is a senior in college, majoring in technical writing and communications. Next year, she plans to start her MBA. Outside of school, she enjoys every minute she has with her 2-year-old daughter and her husband, who also is a college student. But her life is shadowed by the cancer that continues to spread throughout her body.</p>
<p>Jaymi doesn’t need hope. She sees that every time she looks in her daughter’s eyes. What Jaymi needs is a cure. But she needs one that is affordable.</p>
<p>Because she’s a married college student with cancer, Jaymi doesn’t have private insurance. And although she’s eligible for disability and Medicaid, she’s still waiting for the forms to enroll in the government programs. She’s also been warned by Medicare staff that pursuing full-on cancer treatment may not be feasible in light of budget cuts.</p>
<p>Years before Jaymi was born, scientists dreamed of finding a cure for cancer. Those dreams are coming true. But for people like Jaymi, the cure is still just a dream they can’t afford.</p>
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		<title>China: An Image Adjustment</title>
		<link>http://bioworld.blogs.bioworld.com/2011/06/17/china-an-image-adjustment/</link>
		<comments>http://bioworld.blogs.bioworld.com/2011/06/17/china-an-image-adjustment/#comments</comments>
		<pubDate>Fri, 17 Jun 2011 20:37:31 +0000</pubDate>
		<dc:creator>Tom Wall</dc:creator>
				<category><![CDATA[Big pharma]]></category>
		<category><![CDATA[Biotechnology]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Beijing]]></category>
		<category><![CDATA[MBA]]></category>
		<category><![CDATA[Red Guards]]></category>

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I’m an American baby boomer. For me – and I suspect many others of my generation – China’s image has not been the best. In my mental collage, fascination with Chinese culture and invention is offset by wariness of China’s...]]></description>
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			<content:encoded><![CDATA[<p>I’m an American baby boomer. For me – and I suspect many others of my generation – China’s image has not been the best. In my mental collage, fascination with Chinese culture and invention is offset by wariness of China’s political system and potential power.</p>
<p><span id="more-215"></span></p>
<p>Some parts of the collage: as a boy, listening to stories told by a Korean War vet uncle and neighbors about hand-to-hand fighting with young Chinese soldiers wearing tennis shoes on their frozen feet at Chosin Reservoir; as a teen, accounts of Mao Zedong’s chaotic Cultural Revolution, its purges and Red Guards; in middle age, the visual of a man standing in front of a column of tanks the morning after protestors were cleared from Tiananmen Square.</p>
<p>As recently as a decade ago, my wife and daughter returned from a week visiting friends in Shanghai and Beijing with tales of wonder (cosmopolitan Shanghai, the Forbidden City, the Great Wall) and tales of caution (poor air, bad water, strange food.) Interesting place to visit, maybe; but wouldn’t want to live there.</p>
<p>But, as the overnight adoption of the Internet should have taught me, things can change really fast these days. And so it is with my image of China.</p>
<p>As I did research and interviews recently for a BioWorld Today series on the state of China’s biotech industry called Biotech’s Emerging Giant, I was intrigued by the “sea turtle” phenomenon – thousands of Chinese scientists with advanced education and experience in the West returning home to teach and advance high-value enterprises, among them biotechnology. I wondered why anyone with advanced degrees from some of America’s best universities, good jobs with U.S. pharmas and biotechs, and prospects for a comfortable life, would willingly swap life in the U.S. for China?</p>
<p>People like sea turtle George Chen – an MD who has an MBA from University of Pennsylvania’s Wharton School, post-grad medical training at New York Medical College and a tour with Eli Lilly and Co. and was recently named chief medical officer for Beijing-based biotech start-up BeiGene Ltd. ‑ had the answer: opportunity.</p>
<p>Chen’s opportunity list: China has huge unmet medical needs coupled with a rapidly expanding elderly population; it needs effective, affordable medicines for diseases prevalent or unique to China; government-mandated healthcare reform and investment are creating life-sciences opportunities; rapid urbanization and industrialization are fueling economic expansion; there is rapid growth in the life-science talent pool, R&amp;D funding and enabling infrastructure; there are favorable government policies and financial support; and, multinational pharmas are externalizing therapeutics R&amp;D.</p>
<p>Some estimate that there are as many as 80,000 sea turtle scientists like Chen, give or take an advanced degree. Those I interviewed said that returning to China was a chance to do better work, faster work, fulfill a dream and take advantage of an opportunity.</p>
<p>The fact that the sea turtles view China, and not the U.S., as their preferred land of opportunity, is not lost on U.S. biotech executives like Acorda Therapeutics Inc. founder and CEO Ron Cohen and Vertex Pharmaceuticals Inc. founder and director Joshua Boger, who have visited China this year and, in Boger’s case, has a business partnership there.</p>
<p>Both were struck by the investment, optimism, speed, quality, creativity and commitment they saw – in biotech and in general – while there. Cohen said his impression was “shock and awe,” adding that the contrast with a U.S. grappling with economic, educational and infrastructure challenges was scary.</p>
<p>So, I’ve adjusted my image of China, as other Americans undoubtedly have.</p>
<p>But maybe America’s image of China will be less important, going forward, than China’s image of America.</p>
<p>By Tom Wall, BioWorld Today Staff Writer</p>
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