How can life science companies foster a more inclusive industry? This #AAPIHeritageMonth we’re amplifying Asian American and Pacific Islander voices in the industry. In our May Member Spotlight, Frank Watanabe, CEO at Arcutis Biotherapeutics, Inc. (Nasdaq: ARQT), shares:
“We are actually a fairly diverse industry at the ‘journeyman’ level … But as you rise up in an organization in our industry, that diversity drops off precipitously. By the time you get to the CEO … it tends to get homogenous at the top and that’s true at the board level, too. We have to take intelligent risks with people. If you insist on only hiring someone who has been a CEO or on a board before, that's a recipe for the perpetuation of what you've had in the past. Everyone who is a CEO today was a CEO for the first time once. For us to increase diversity at the top levels, we have to stretch people and be willing to take those kinds of chances, particularly with underrepresented groups.”
Read more: https://bit.ly/3V4FOzV
Great initiative, Frank. There is a very big challenge post-Director level in most organizations. I don't believe, in today's day and age, that it is driven in the majority of cases through a purposeful desire to exclude; more that like tends to both attract, and choose, like.
If the hiring team is homogenous, then it is far more likely they will stick to what is comfortable but cloak this in other words. Someone different will become "potentially disruptive" or "an outlier" or "complex". To your point, someone whose CV doesn't perfectly match the JD could be seen as a "risk".
True change requires some discomfort, and for leaders (like you have done) to truly lean into this topic and make it a priority.
Ensuring diversity in clinical trials is not only an equity issue but critical for generating accurate, reliable research results. Recently, CTTI’s Sabrena Mervin-Blake, Senior Project Manager and Lead for Diversity, Equity, and Inclusion, sat down with Xtalks to discuss key strategies for promoting inclusivity in clinical trials.
In the interview, Sabrena dives deep into the actionable steps organizations can take – from fostering partnerships with patient groups to holding leadership accountable for diversity efforts. Learn how CTTI is leading the charge to make clinical research more representative and equitable for all, and explore how your organization can be part of the change! https://bit.ly/3B7poz5
Who's behind the magic at Vitro?
Our Meet the Team series kicks off with Michael Halling, our Founder & CEO.
Each week, we'll be highlighting the individuals that make our company tick. We'll find out what they do, which parts they enjoy the most and some interesting personal facts!
Check out below to find out more about Mike!
#MeetTheTeam
Where does diversity, equity, and inclusion, truly stand in our industry?
As we continue in this new age of life sciences, our goal is to move beyond buzzwords and truly comprehend the role of DE&I.
And with over 80% of life science leaders saying DE&I is crucial to the success of a company, if you aren't already looking at your initiatives, now is the time to.
We've put together a review filled with DE&I insights and best practices for implementing successful DE&I strategies—based on the real views and experiences of 120 employers across the biotech, pharmaceutical and medical device sectors.
Download it below.
#diversity#equity#inclusion#dei
At Target ALS, we believe that collaboration is the key to accelerating progress in ALS research. By bringing together researchers, clinicians, and industry leaders at our Annual Meeting meeting and in funded consortia, we foster an environment where knowledge is freely shared and innovative ideas flourish.
Target ALS Board Member Chris Henderson talks about this collaborative spirit, which is essential for driving research from the laboratory to clinical trials, ensuring that promising discoveries can quickly translate into real-world treatments.
Our approach not only speeds up the research process but also enhances the quality of potential therapies, bringing us closer to our goal of finding effective treatments for ALS.
#TargetALS#ALSResearch#Collaboration#AcceleratingResearch#ClinicalTrials
We are excited to share that Scott Huennekens has joined On Target Laboratories as Executive Chairperson of the Board. His extensive experience introducing novel, transformative technology into healthcare makes him an invaluable addition to our team. Welcome, Scott!
Learn more: https://lnkd.in/etJr_9q4
Bio€quity Europe is off to an outstanding start with the convergence of life sciences companies, investors, local and EU government, and those of us who support our clients in further support of advancing global public health!
Our session today was moderated by Selina Koch, PhD , BioCentury Inc. and included Jennifer McMahon, Seroba, Edward Kliphuis, Sofinnova Partners,
John W Cassidy, Kindred Capital VC, Florent Gros, Earlybird Venture Capital. I was thrilled to join such an outstanding group of investors to discuss the opportunities for AI to influence drug discovery, research and development!
#BioEquityEurope
My experience nearly 25 years ago as a research coordinator for a clinical trial in lung cancer made me realize that patients deserve better, and I vowed to amplify patients’ voices and dedicated my career to improving drug development. In pharma, I had the privilege to work on the dawn of immunotherapy in lung cancer. With patients surviving longer with these therapies, I felt I was able to make a difference.
When my son, Caffrey, was diagnosed with Duchenne muscular dystrophy, I was shocked that the standard of care today is still high dose steroids that do nothing to address the underlying genetic cause of the disease. I was even more disheartened when, after an exhaustive search of clinical trials, we found out that he was not eligible for a single one.
As a family, we felt marooned, alone, and really scared. I'm really at a loss to describe that sheer feeling of hopelessness and grief that comes when your child gets a catastrophic diagnosis. It can be all consuming and soul destroying.
One of the first glimmers of hope during this time is when I found out about Alltrna. I immediately understood the potential of this platform and could see how Alltrna’s engineered tRNAs could be a lifeline for patients with thousands of genetic diseases and a lifeline for those families that love them.
This was an opportunity for me to channel all my years in pharma and bring that drug development experience to those overlooked and underserved patient populations. In the last two decades, I can look back and feel like I've played a small but maybe a meaningful role in helping to advance the five year survival rates for many metastatic cancers and make those better. Can you imagine if in the next two decades, we can do the same for rare diseases?
➡️To do this, we need to first and foremost, lead with empathy, and always think about the patient at the center of what we do.
➡️We must drive innovation – don't wait for it to happen. We have to actively choose to make a difference in those bold choices that really make innovation matter.
➡️Take risks. Those safe bets aren't helping anyone. We have to take the risks to really make a difference for patients.
➡️Act with urgency – as if your kid's life depends on it.
➡️Really importantly, embrace who you are.
➡️At the end of the day, always, always, always remember patients deserve better.
If you survived the toughest downturn in biotech history: Congratulations on a job well done.
But as we turn to 2025, the job will only get tougher for CEOs and boards. You don’t have the luxury of time. You must deliver again, even in uncertain markets.
Join BioCentury, BIA, and special guests for our second annual CEO and investor dialogue on the sidelines of the Jefferies London Healthcare Conference - Biotech's Next Challenge: Delivering the Story.
Learn more and register: https://loom.ly/vIIBprM#drugdevelopment#investors#AI#pipelines
Unlock the full potential of your primary market research with a global pool of healthcare and life sciences insights.
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Join this incredible line up of panelists for a discussion around DEIB and its evolving philosophies. Register below!
#diversity#DEIB#lifesciences#biospace
Global Commercial Head | Launch Expert | Transformational Leader & Talent Scout | Visionary Thinker | Marketing Strategy & Communications
5moGreat initiative, Frank. There is a very big challenge post-Director level in most organizations. I don't believe, in today's day and age, that it is driven in the majority of cases through a purposeful desire to exclude; more that like tends to both attract, and choose, like. If the hiring team is homogenous, then it is far more likely they will stick to what is comfortable but cloak this in other words. Someone different will become "potentially disruptive" or "an outlier" or "complex". To your point, someone whose CV doesn't perfectly match the JD could be seen as a "risk". True change requires some discomfort, and for leaders (like you have done) to truly lean into this topic and make it a priority.