In this episode Samo Burja and Erik Torenberg discuss AstraZeneca, Novo Nordisk, and big pharma's dysfunction despite its enormous economic power, incentives behind scientific breakthroughs and the potential for improvement and changing the FDA's approval processes. Head to https://brave.com/brave-ads/ and mention “MoZ” when signing up for a 25% discount on your first campaign.

Live Players is part of the Turpentine podcast network. Learn more: https://www.turpentine.co/

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RECOMMENDED PODCAST: History 102 with WhatifAltHist

Every week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.

Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihm

Apple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913

YouTube: https://www.youtube.com/@History102-qg5oj

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New podcast: Thesis Driven Leader Series - Brad Hargreaves interviews the leading voices at the intersection of real estate, cities, innovation and technology.

Apple: https://podcasts.apple.com/us/podcast/thesis-driven-leader-series/id1724813949

Spotify: https://open.spotify.com/show/2HY9OJ7WvoDzPaodgaHw6A

Substack: https://www.thesisdriven.com/podcast

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We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: https://eriktorenberg.com/.

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SPONSOR: HARMONIC | BRAVE

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LINKS:

Samo’s Bismarck Brief: https://brief.bismarckanalysis.com/

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TIMESTAMPS:

(00:00 ) Intro

(00:28 ) Discussion on AstraZeneca and Pharmaceutical Innovation

(00:41 ) The Economic Giant: Pharmaceutical Industry

(01:20 ) AstraZeneca's Market Capitalization and COVID-19 Vaccines

(02:13 ) Strategies of Modern Pharmaceutical Giants

(04:08 ) The Exception to the Industry: Novo Nordisk

(06:31 ) Disconnects Between Profitability and Innovation

(08:41 ) Market Failure in Pharmaceutical Industry

(08:50 ) The Role of Patent System in Pharmaceutical Industry

(15:17 ) The Need for Scientifically Minded Founders

(30:34 ) Sponsor: Brave

(31:34 ) The Role of FDA in Pharmaceutical Industry

(39:16 ) The Impact of Managerial Approach on Pharmaceutical Industry

(41:59 ) The Potential Impact of a Beauty Boom

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This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co.