Science is Beautiful Blog

Life Sciences Industry - Not Hopeless

Posted by John Kouten, CEO

Mar 22, 2012 11:23:00 AM

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These recent survey results, while dour, give me hope.

The only path toward the solution to a problem is to break through the denial that a problem exists.

This survey reveals that we are finally seeing the emperor’s new clothes.

Recent comments by renowned life science investor, Steven Burrill suggest we exist in a “perverse” healthcare system.  We have built a bloated and unsustainable system which incentivizes treatment instead of prevention.  He envisions a future where U.S. innovation will be exported to markets that are freer to utilize tools contributing wellness instead of sickness.  In regulatory environments that value innovation and understand the concepts of risk benefit ratios.

We have met the enemy and it is us.

Will we have the courage to do the work necessary to change our innovative life sciences industry or will we continue to pound this square peg into this round hole? 

As we awaken to the uncomfortable truths about our beloved life sciences industry, I have hope.

 

Topics: US pharmaceutical market, drug development, FDA, clinical trials

 

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