June 30, 2022

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BioPharmGuy


Hey everyone. Hope your summer is going well so far. We have now opened up our newsletter advertising for the first half of 2023. Please let us know if you would be interested in booking anything. Policy is first-come, first-get.


Suiteness

Plenty of companies we list reside in office buildings, incubators, research parks, etc. So naturally many have suite numbers in their mailing addresses. But what are the most common suite numbers in the BioPharmGuy directory? Very important question, and we now have the answer.


Suite: Company Count

200: 215

100: 201

300: 147

110: 65

400: 65

201: 54

150: 53


Largest suite number: 14303

Decimal Suites: 1.2 & 1.424


Suite 110 as the fourth most common was pretty surprising. Also 150 was odd - must be some weird office numbering systems out there that go by 50s


Strange Email of the Week

"I'm trying to get in touch with someone that may be able to help me straighten out a whole bunch of life problems when it comes to pharmaceutical companies and generic drugs"


Companies Added & Removed

46 companies added, nine removed this week.


Best new Name:

MegaRobo


Worst New Name:

Vitalunga


You Will be Missed:

Biolytx Pharmaceuticals


Summary file of additions and removals available on our downloads page.

Industry

Abbott

The streak lives on – it's now up to 394 straight quarterly dividends paid out by Abbott Labs. Didn’t miss a single one during the Depression, World War II, any of WCW’s World War 3s or the Great Recession. Six more quarters and it will be a full century of nonstop dividends. They’ve also increased their dividend every year for 50 straight quarters. 


Now if they could just figure out how to make infant formula again


Slap a Patent on it

Cosette Pharmaceuticals was awarded a patent for a novel drug-delivery system. The system is an edible bar with a diabetes drug in it. Guess all of us hiding our dog’s pills in cheese is not considered prior art. They'll award a patent for anything these days. 


Prescription Quality

Nacuity mentions their products are “prescription quality”. Weird because 'Prescription' describes how a drug may be distributed - it's not an indication of quality. Prescription quality is the same as OTC quality in America - they’re all subject to the same quality regulations. How dare they besmirch the OTC manufacturers.


3Z

This is a company out of Iceland working on drug discovery and they went with an interesting design choice for their logo – they copied an old FDA logo. Maybe not the best idea, but A+ for guts. 


Sen-Jam

For 8 years, this company has been trying to repurpose drugs for pain relief. They did some crowdfunding and raked in 800k. Their sole focus seems to be on patents - they have dozens.


They say their key markets are Opioid Dependence and Hangovers. Ok, the first one is a real medical issue, but the second? That’s a consequence of a bad decision. Way to fight the good fight.


The fact that they have an Instagram account and referred to a new board member as a thought leader should have tipped us off that they may not be on the cusp of any breakthrough. 

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Health & Science

Abortion Rights Aborted

You surely don’t need us telling you about the Supreme Court’s conclusion that they were wrong for 50 years and abortion isn’t really protected by the 14th amendment after all. 


Many states will be banning abortions ASAP, leaving their citizens with means to seek another state with amenable laws. Travel across state lines within the US to obtain legalized services is something even this Supreme Court wouldn’t be insane enough to rule against, right? Right?? Well, states such as Missouri are already instituting modern day Fugitive Slave Laws which would criminalize this act, basically daring the Court to go even further. Such a deeply partisan Supreme Court who has shown willingness to ignore 50 years of precedent is likely to make additional rulings based on ideology over case law. So who knows where this all leads. (FYI, the Supreme Court upheld the Fugitive Slave Act in 1859) 


Since the FDA approves drugs on a national basis, states will likely have problems asserting authority over whether their citizens can access abortion medications, which are currently used for about 54% of abortions and by some accounts could be used for up to 90%. Drug companies spend a whole lot of money on clinical trials under the presumption that if the US FDA approves their product, they can sell it to the entire US population. If drug accessibility fragments into some sort of balkanized state-by-state regime, we can likely say goodbye to at least a chunk of the pharmaceutical innovation we currently enjoy in America. Massachusetts tried to ban a formulation of an opioid and lost the case in 2014 as the judge concluded the order was pre-empted by federal law. But as we saw last week, precedent has never been more precarious. 


It will be a legal circus out there for a long, long time.


Altruistic Nonprofits

According to the American Hospital Association, nonprofits provide $9 in community benefits for every $1 in taxes they don’t pay. Suuuure they do. If that were true wouldn't they switch to paying taxes and not offering all them freebies? 


Certainly it’s not as simplistic as the writer of this newsletter might imply, but a hospital association saying hospitals are doing good has to be taken with an entire salt lick. Just earlier this year some research from an independent body concluded that unreimbursed Medicaid claims are no different whether a hospital is for-profit or nonprofit. Surely that would ring true for many of the other “community benefits” the AHA hit upon in the recent release.


It’s self-serving hospital PR; ignore anything that comes from within. 


Little Trouble for Big Supplement

Ahh yes, here it is, your annual ‘vitamins don’t work unless you’re pregnant or have a specific illness requiring their use’ article. This time brought to you by the US Preventive Services Task Force, which is a volunteer expert panel of medical professionals.


Long story short, there is still not enough evidence to conclude they do anything other than make you poorer. Actually, not quite – they did determine there was enough evidence showing taking beta-carotene or vitamin E makes you more likely to die.


Progress!


Mammoth Mummy

A gold miner in the Canadian portion of the Klondike (what the hell year is it?) happened upon a baby mammoth an shared a picture with the world. It had skin, hair, everything. One step closer to mammoth resurrection, perhaps?


Covid

Back in May we talked here about people getting worked up about another imminent wave of Covid based on wastewater viral RNA. That wave didn’t materialize, at least not in comparison to the size of original Omicron outbreak. Viral RNA levels in Massachusetts have been flat since early May. People are still getting Covid of course, as they will for the rest of our lives. 


On the topic, estimates are out for numbers of lives saved by Covid vaccines and it’s about 20 million people. This number was arrived at by a group out of Imperial College London, not some kid on a MacBook in Vegas. Of course, your neighborhood Anti-vaxxer will plug their ears and sing if you try to share this bit of data with them, because what’s 20 million lives saved when several people may have died from the vaccine, and also they heard on Facebook that someone knows someone who knew an old lady who died shortly after being vaccinated?


Lesson Not Learned

Considering the time and effort spent developing an all-new Covid diagnostic and implementing a massive nationwide testing network in America, you might think that if we already had a diagnostic for monkeypox ready to roll, it would be very easy to roll out testing. Alas, this is America. 


It’s the same story as the beginning of the Covid pandemic – doctors are refusing to test early for monkeypox, assuming instead myriad other diseases may be causing the symptoms. Why are physicians not willing to eliminate monkeypox straight away? Easy - because it’s time-consuming for them to get a patient tested for monkeypox. How in the world is that the case right after a global pandemic? Never ends, the examples of the incompetency of the American healthcare system.


One More Scourge

Ok, we hit on Covid & monkeypox, let's throw another malady into the mix, shall we? Polio was detected in the wastewater around London. This usually happens 1-3 times a year when a person vaccinated with a live virus overseas comes back to London. But it's been a frequent occurrence this year, so alarm bells are sounding. Really...frickin polio?!?? Is the black plague gonna make a comeback next? This is too much - we're heading to the country home for the duration. 

Featured Job

If you’re looking for a Scientist position at a young and small biotech company, check out the Scientist postings at Work in biotech.


The Scientist positions cover a broad range of focus areas, including Cell Biology, Immunology, Pharmacology, Bioinformatics, Computational Chemistry, and more. All companies are in biotech hubs and have <250 employees, so if you’re coming from a larger company or academic institute, you can find a role with more responsibility and impact.

ETC.

THE

Well, it really happened. Ohio State University has officially been awarded the trademark for THE when displayed on clothing. They had been fighting with a company over who could use the trademark and the parties came to an agreement whereby that company pulled their trademark application. 

 

Trademark attorney Josh Gerben dove into the fray with a Twitter thread that was picked up by ESPN and many other news outlets. Gerben has filed trademarks for over 7000 companies including (drumroll) BIOPHARMGUY! Check him out if maybe you're looking to trademark A or IF. 

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