Technology Pioneer 2011 - Andrew Schiermeier (Medicine in Need, MEND)
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http://www.youtube.com/watch?v=w9AENpvcGmY
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http://www.weforum.org 01.09.2010 Andrew Schiermeier, CEO, Medicine in Need (MEND) and World Economic Forum Technology Pioneer 2011 answers the questions: 1) Briefly, what it is about your company (More)
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Information Tags
Timing Category Subcategory Tag
00:00:47 Places Location Route
00:01:57 Places Location Landscape
00:02:46 Places City Boston
00:02:50 Places Country South Africa
00:03:03 Places Location Landscape
00:04:33 Places Country South Africa
00:04:36 Places Country South Africa
00:04:44 Places Country South Africa
00:06:05 People Occupation Directors
Subtitles in: English
Start End Subtitles
00:00:10 00:00:13 MEND is a non-profit organization founded approximately five years ago
00:00:13 00:00:15 by Harvard professor David Edwards.
00:00:16 00:00:18 Our mission is to expedite the creation
00:00:18 00:00:21 and long term availability of badly needed drugs
00:00:21 00:00:23 andvaccines for diseases of poverty that affect
00:00:23 00:00:25 some of the poorest people of the world.
00:00:25 00:00:29 We do this by applying new and emerging technologies to candidates
00:00:29 00:00:33 at two key but very different points in their development timeline.
00:00:33 00:00:35 The first application is the critical bridge
00:00:35 00:00:38 that connects groundbreaking discoveries in a laboratory
00:00:38 00:00:40 to the testing that’s needed in clinical trials.
00:00:41 00:00:44 The way a drug or a vaccine is formulated at this point
00:00:44 00:00:47 is particularly critical because it generally determines
00:00:47 00:00:51 all of its future physical characteristics such as route of administration,
00:00:51 00:00:54 stability, cost, andeven safety and efficacy.
00:00:54 00:00:56 Proceeding with the sub-optimal formulation
00:00:56 00:01:00 may even cause the candidate to fail or continue in a way that makes it
00:01:00 00:01:04 very difficult or costly to implement in a developing country.
00:01:04 00:01:06 The second application that we focused is selecting drugs
00:01:06 00:01:10 and vaccines that are currently available in the US
00:01:10 00:01:12 and Europe but requires some technical intervention to make them
00:01:13 00:01:15 more suitable for developing world environment.
00:01:15 00:01:17 This may often make their efficacy better as well.
00:01:17 00:01:20 Three prime examples of the way we do this are firstly,
00:01:20 00:01:24 eliminating the need for refrigeration or freezing; secondly,
00:01:24 00:01:29 making formulations that don’t require injection or hypodermic needles; thirdly,
00:01:29 00:01:31 making the cost of the product cheaper to manufacture.
00:01:37 00:01:38 One of the ways that MEND is an innovator
00:01:38 00:01:41 and different from some of the other non-profits
00:01:41 00:01:44 and research NGOs in the global health space is our business model
00:01:44 00:01:48 which is designed to allow us to operate without relying permanently
00:01:48 00:01:49 on charitable contributions.
00:01:50 00:01:53 At MEND we see an opportunity to disrupt the status quo
00:01:53 00:01:56 based on two fundamental and recent step changes
00:01:57 00:02:00 in the global landscape: emerging technologies andemerging markets.
00:02:01 00:02:04 First technology, rather than building up static brick
00:02:04 00:02:08 and mortar type of arrangement, a very important part of MEND is the growth
00:02:09 00:02:14 and cultivation of a broad and dynamic virtual network of technology practitioners,
00:02:14 00:02:17 literally hundreds of them from academia and industry.
00:02:18 00:02:22 These practitioners are involved in a wide variety of traditional disciplines,
00:02:22 00:02:26 everything from nanoparticle engineering to microelectronics to systems biology,
00:02:26 00:02:30 even rocket propulsion, and they’re often more than happy to learn
00:02:30 00:02:33 that their particular technology may advance in altruistic costs
00:02:33 00:02:35 and have a positive societal impact.
00:02:36 00:02:40 This crowd sourcing approach allows us to select the most promising technology
00:02:40 00:02:44 and pair it to the need, working with the inventor to reduce it
00:02:44 00:02:46 to practice in the most efficient way possible.
00:02:46 00:02:50 Often this is under controlled conditions in our laboratories either in Boston,
00:02:50 00:02:52 Massachusetts or Pretoria, South Africa.
00:02:52 00:02:56 This also means that we can tackle some of the toughest pharmaceutical challenges
00:02:57 00:02:59 and bring forward cheap and effective drugs and vaccines that would have been
00:03:00 00:03:03 considered intractable or impossible even just a few years ago.
00:03:03 00:03:06 The second fundamental change in the global landscape
00:03:06 00:03:09 refers to the evolution of emerging economies,
00:03:09 00:03:12 those primarily of China, India, Russia, and Brazil.
00:03:12 00:03:16 These markets are evolving public and private healthcare systems
00:03:16 00:03:19 that can potentially provide a reasonable financial return
00:03:19 00:03:22 for the treatment of the same infectious diseases that have been
00:03:22 00:03:25 crippling least developed countries for decades.
00:03:26 00:03:30 Combining these two factors defines MEND’s market-based approach to global health.
00:03:31 00:03:34 First we generate new intellectual property by finding innovative ways
00:03:35 00:03:38 to make improvements to new and existing drugs andvaccines.
00:03:38 00:03:41 We then typically license the IP end products to companies
00:03:41 00:03:44 who are interested in pursuing profitable sectors of emerging markets
00:03:44 00:03:49 and in some cases even translate the IP for use in developed countries.
00:03:49 00:03:53 In return, these companies also commit to provide access to the same products
00:03:53 00:03:56 for least developed countries at or near cost.
00:03:57 00:04:01 Any return or royalties we receive as a result of these licenses goes back
00:04:01 00:04:05 to fund our charitable mission, as these returns increase our reliance
00:04:05 00:04:08 on for-profit funding decreases, our goal being to ultimately
00:04:08 00:04:10 become entirely self-sustainable.
00:04:15 00:04:20 Naturally, MEND’s motivations are a little bit different from a for-profit startup,
00:04:20 00:04:23 seeking economic concessions, or an incubating environment.
00:04:24 00:04:26 Instead we put a priority on locating innovation
00:04:27 00:04:30 and partnering with local entities in the countries that have the greatest need.
00:04:31 00:04:33 This is why a significant proportion of our science
00:04:33 00:04:36 is conducted in our labs in South Africa.
00:04:36 00:04:38 South Africa itself is not a least developed country
00:04:39 00:04:41 but those have a high burden of tuberculosis, HIV,
00:04:42 00:04:44 and other neglected tropical diseases.
00:04:44 00:04:48 South Africa offers us an excellent balance between being close
00:04:48 00:04:52 to the high burden countries that need these therapies as well as
00:04:52 00:04:56 having a stable enough infrastructure that we can conduct a complex science
00:04:56 00:04:59 that needs to happen without fear of interruption.
00:05:04 00:05:07 At MEND we take a very pragmatic approach to our mission.
00:05:07 00:05:12 The only metric that really matters to us is the introduction of a new or improved
00:05:12 00:05:15 vaccine or drug to least developed countries
00:05:15 00:05:18 and the improvement of the health of the populations there.
00:05:18 00:05:23 Our most advanced compound is a new form of a drug called capreomycin typically
00:05:23 00:05:25 used for drug-resistant tuberculosis.
00:05:26 00:05:28 Through the appropriate application of technologies,
00:05:28 00:05:31 we have eliminated the need for refrigeration,
00:05:32 00:05:35 can manufacture it more cheaply than its previous form,
00:05:35 00:05:40 have eliminated the requirement for hypodermic needles by use of an inhaler,
00:05:40 00:05:43 andperhaps most excitingly, may have the potential
00:05:43 00:05:47 for decreasing the duration of treatment which currently lasts up to 24 months.
00:05:47 00:05:49 We also have other projects in our portfolio
00:05:50 00:05:51 that receive comparatively less attention.
00:05:52 00:05:55 For example, rotavirus infection which causes diarrhea in children
00:05:55 00:05:58 and is responsible for upwards of 600,000 deaths per year
00:05:59 00:06:02 and also pandemic flu for which the consequences of an outbreak
00:06:02 00:06:04 in the developing world are hard to fathom.
00:06:05 00:06:07 On behalf of our team, the Board of Directors, andour founder,
00:06:08 00:06:11 David Edwards, we appreciate the recognition afforded to us
00:06:11 00:06:14 by the World Economic Forum and hope that this video might inspire
00:06:14 00:06:18 and energize others to join us in improving global health.
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