To put a bit more commentary to this interview here are the key points I got out of it:
- it takes a bloody long time to get a drug/ therapy to market…..nothing new here
- raising money be it $1.00 or $1 million is difficult and spending it wisely is important
- there are no short cuts to the regulatory process; it takes time; it takes money and you have do it right
- trial design is extremely important and not all trials are comparable ; opthea phase II trial was one of the largest; it gave a lot of data and helped with design of phase III
- data is everything
- no point having a successful drug if you don’t have physicians who want to use it; you need to spend money on educating medicos and getting opinion leaders in place early
- there is a lot of time where a company has nothing news worthy to report but there is lots happening behind the scenes
- you have to have investors that understand and are are confident in what you are doing and are there for the the whole journey
- The team and having the right people on board at the right time is very important. Megan pointed out that while she had never commercialised a drug she had people on her board as well as consultants who had.
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