Chapter
The Importance of Business People in Science Companies
38:27 - 49:26 (10:59)
The success of a science company depends on having great business people. From a scientific standpoint, creating a discovery that serves as a platform for different use cases and allows for progress and results is important for making a positive impact on the world.
Clips
The patent system is necessary for funding the development of new drugs and medical devices, as proving their safety and efficacy in humans is a costly process.
38:27 - 40:31 (02:04)
Summary
The patent system is necessary for funding the development of new drugs and medical devices, as proving their safety and efficacy in humans is a costly process. However, some argue that once a patent is granted, it may impede access to those in need.
ChapterThe Importance of Business People in Science Companies
Episode#105 – Robert Langer: Edison of Medicine
PodcastLex Fridman Podcast
Developing a drug involves conducting a certain amount of research, making findings or discoveries, submitting a disclosure to the Technology Transfer Office, and ultimately, manufacturing the drug while closely monitoring its safety in various stages of clinical trials.
40:31 - 42:48 (02:16)
Summary
Developing a drug involves conducting a certain amount of research, making findings or discoveries, submitting a disclosure to the Technology Transfer Office, and ultimately, manufacturing the drug while closely monitoring its safety in various stages of clinical trials.
ChapterThe Importance of Business People in Science Companies
Episode#105 – Robert Langer: Edison of Medicine
PodcastLex Fridman Podcast
Successful companies have a platform for discovery that can be used with various products, have published papers, reduced their product in animal models, and filed patents with broad claims.
42:50 - 46:19 (03:28)
Summary
Successful companies have a platform for discovery that can be used with various products, have published papers, reduced their product in animal models, and filed patents with broad claims. Business aspects include hiring the right people and seeking passionate team members who want to make a difference.
ChapterThe Importance of Business People in Science Companies
Episode#105 – Robert Langer: Edison of Medicine
PodcastLex Fridman Podcast
The key to motivating researchers is to make them feel like they are working on something important that can impact the world positively.
46:20 - 49:26 (03:06)
Summary
The key to motivating researchers is to make them feel like they are working on something important that can impact the world positively. Building that up through inspiration and keeping the fire going is the key to success.