It started it. It essentially was the industry which was unpacking the biology of cells and understanding how those biology cells could be used to make new medicines, a little different from what pharma was an pharma in the past was essentially trying out medicines on animals and seeing if they work and then put them into a human being a Clinical Trial process once we understood how the genes work, once we knew how to manipulate those jeans, a whole new ability to transform what we knew about cells into medicines came into being. This was areal revolution , and about in the 70s and walked through to the 80s and then now today there are approximately a couple thousand companies, about 700 of whom are members of bio, many are private. They are now much smaller industries in the europe and in asia and actually, these Small Companies although they are tiny and they represent no more than any one of the Big Companies in terms of numbers, theyre generating about 70 70 percent of all the medi
Levin is the chairman of the innovation organization. It encompasses the tech industry. Biotech industry was mutilated, unpacking the biology of cells and understanding how the biology of those cells make new mentions. A little different than pharma was, on animals and see if they worked and put them into a human being through a clinical trial, once we understood how to manipulate the genes, a new ability to know about cells until medicine came into being. And now today there are approximately 700 members, privates much smaller industries in europe and asia and actually companies that are tiny and represent no more than the Big Companies in terms of numbers employed generating 70 of all the medicine. What is the difference . Real simple. In the biotechnology industry there is an absolute focus on patient and innovation, new ways of delivering medicine. It is the stocks of these companies. It is a different structure. Insurance companies are huge, they are very substantial. The way they
Chair discusses the coronavirus. Join the conversation on facebook and twitter. Washington host good morning. It is monday, july 13, 2020. A threehour washington journal ahead and we begin the day the race from the for the white house and we are three weeks away from Vice President joe biden announcing his running mate. We want to hear from democrats who do you think joe biden should pick to be on the 2020 ticket . Democrats in the eastern or central time zones can call in o 274 88000. You can also send us a text. Please include your name and where you are from. A good monday morning. As a reminder, joe biden has said he would pick a woman to be his running mate in 2020, so that helps narrow down the list, but were asking democrats who runninge joe bidens mate. This piece takes up the 11 most logical picks. The top three, congresswoman val demings of florida, senator Elizabeth Warren of massachusetts, and the number one pick, senator, harris of california. Aaron blake writes she has be
This got under way a few moments ago. His mother fears returning to ghana now would be, quote, signing my sons death warrant. Serena badia, a 14yearold with a congenital heart condition has already gone beyond the Life Expectancy given to her by doctors in spain. Actually, i think shes 16. Shell correct us. An 8yearold girl in miami surfing from nerve cancer relies on her dad to take her to monthly treatments in new york. Her father needs deferred action to stay with his daughter. A man in venezuela has been able to care for his wife who suffers from a blood brain malformation and his daughter has neurobl neuroblastoma. This new policy threatens sick immigrants who may be forced to leave america and end their lifesaving treatment. It threatens u. S. Citizens and lawful residents who rely on immigrant Family Members for financial and emotional support while theyre here. It threatens crucial medical research and progress by undermining Clinical Trials that rely on the participation of im
Staggering. We will talk to the head of the National Organization for Rare Disorders about the scope of the problem but you might be surprised as i was. We will talk to the ceo of a Company Working in this area about the process for getting treatment approved and a look at some of the stocks involved in this opportunity to invest in Companies Working to treat or even cure these diseases. First, a check out the markets. The stocks are mixed following the latest on inflation we got this morning. We have the nasdaq composite up about 6 10 of a percent. The s p 500 a pretense. Nasdaq just about flak to the downside. Les is bringing like santelli for more on the reaction to this mornings pce number. It was about what we had forecast but still hotter than what the fed wants to see. I would characterize the market response as mild relief that it was not a surprise forecast. Weve had two or three in a row. They could come in hotter than anticipated. This was at least on target. It was warm in