January 26, 2023

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BioPharmGuy


Already the final January newsletter. Crazy.


Our friends at Big4Bio have released their informative 2022 biotech year-in-review for the four regions they cover: Boston, San Diego, San Francisco & Philadelphia. Check 'em out.


-BPG



Companies Added & Removed

33 companies added, 15 removed.


Best New Name:

DeuterOncology


Worst New Name:

restor3d


You Will Be Missed:

Argonaut Therapeutics


Excel file of added/removed companies available on our downloads page.

Industry

Atomic AI

This company launched with $35M in funding and in doing so, pointed out the founder was on one of those “30 under 30” lists.


Takes some guts to do that these days since those lists are starting to become a who's who of corporate fraud.


Nexalin

Generally speaking, neuromodulation devices look unbelievably awkward. Usually, they’re giant headsets or machines that wrap around an immobilized person's noggin.


But lo and behold, someone made a cool looking, Star Trek style device. Sure, it probably does nothing, but style sells, baby!


Pfizer

It’s often said that US citizens bankroll the rest of the world’s healthcare advances by paying through the nose for new technologies. Rarely are examples as crystal clear as this: Pfizer is now selling all its products at cost to 43 of the poorest countries in the world


That's fine for them - not like Pfizer was wringing a lot of cash out of Somalians. But have their execs ever been to rural Mississippi? Some areas are not much different from the poorest countries in the world, complete with legal beatings of children in public schools.


Maybe Pfizer could help out those poor Americans too?


Hahaha, yeah right. #freemarket


The Usual

It’s a common joke that when a news article asks a question as its headline, the answer is always 'no'.


Here we see Labiotech asking if Copenhagen is the life science capital of the world.


Lawrence from Office Space has the complete answer to that one.


Layoff Euphemism

Companies are all laying people off, which is still a more fun way of saying 'firing'. Can't use that term, though, because all those snowflakes back in the 90s who were losing their jobs just couldn't bear to be 'fired' anymore. Had to be coddled by HR and told they were let go, made redundant, laid off...anything but fired!


Nowadays those euphemisms are wearing thin, and workers need to be handled even more carefully lest they post about it on IG. So companies are completely stepping around any term for firing and just executing ‘Initiatives to Reduce Cash Burn’.


A sandwich shop BioPharmGuy worked at in college had an initiative to reduce cash burn one time, but they failed to inform him. Upon direct cross-examination by the reduced, management admitted he was no longer employed. Surfing on the counter was apparently frowned upon, though that was definitely not in the handbook.


Hamlet Pharma

Big news at Hamlet Pharma. So big, in fact, they put a link to it on their home page.


Ladies and gentlemen - Hamlet Pharma took out an ad in the Guardian!


Groundbreaking stuff.


Biotech Criminal Roundup

Over? It’s over When Elizabeth Holmes' rich family says it’s over! 


This week federal prosecutors alleged Holmes attempted to flee the country after being convicted earlier in 2022. They believe this because she booked a flight to Mexico.


Her excuse was she had booked the trip prior to the verdict hoping she would be found not guilty, thus getting her passport back and being permitted to fly down for a friend’s wedding. 


Ok, not a totally outrageous explanation. After all, who among us hasn’t booked a one-way flight to a friend’s international wedding while facing charges that could lead to 20 years in prison?


Elsewhere, Martin Shkreli of AIDS-patient shakedown fame is being targeted by the FTC for working in the pharmaceutical industry despite being permanently banned from doing so. They are requesting he be held in contempt and even referred to him as "Pharma Bro" in their memo.


We never liked that term, but if the FTC itself is gonna use, we may as well follow their lead.


There is some question as to whether the original judge had the authority to institute an industry-wide ban in the first place, but if anyone is out there looking to become even more famous in figuring that out, it's Shkreli.


Woe is I

A company is offering an AI-chatbot for mental health patients and they call themselves Woebot.


Not only does it sound like a childish term for robot, it also sounds miserable. Pass.

Health & Science

No Clucking Way

Researchers concluded wild bird genomes are changing upon mating with domestic chickens.


Obviously it's due to witchcraft as there is no other possible explanation for this mystifying conclusion.


Anti-Vaxxers: Can't Stop, Won't Stop

If you thought 18 months of evidence for safety & efficacy were enough to put to rest the Covid anti-vaxxers' arguments, you are very wrong.


They’ve now taken to faking seizures on social media which they are attributing to the Covid vaccine. Strangely, the same person having the 'seizure' is generally able to hold the phone steady to capture the shared video. Magic!


When faced with the possibility of simply having been wrong, virtually none of these anti-vaxxers will ever admit they may not have been perfectly informed on everything in the world. Instead, it's grasping at straws and fabricating evidence.


Somehow they think this can lead to winning the game they're playing. Shameful.


Dollar General Practitioner

As if selling prodigious quantities of expired carbs and coin-toss-accurate pregnancy tests weren’t enough to bolster their healthcare chops, Dollar General is testing out mobile clinics in store parking lots.


On the one hand, many do not realize that dollar stores are basically the hub of a large number of rundown tiny towns in America, so this isn't quite as crazy as it sounds.


But on the other hand, the thought that we may need to open health care clinics in dollar store parking lots should really raise some big, huge, giant flags across the political spectrum that healthcare access and affordability is still a major problem that needs attention.


That's Doctor ChatGPT to You

Researchers had ChatGPT take a Medical Licensing Exam and in their words the subject "yields moderate accuracy approaching passing performance".


Not quite a home run, but podiatry will pay the server bills.

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