More Biotech Downsizing

Cambridge, MA-based Alnylam Pharmaceuticals, one of the many companies founded on the promise of RNAi technology today announced that it will reduce its current workforce by 33 percent to focus its financial resources on its leading RNAi treatment for hemophilia. Alnylam currently employs 173 persons which means that about 59 employees will lose their jobs as the company reorganizes itself.

Alnylam CEO, John Maraganore, PhD hopes that the downsizing and reorganization of the company will result in a $20 million savings for fiscal year 2012. Despite the hype, RNAi is still not ready for prime time as commercializable products and will likely be little more than an R&D tool.

Until next time...

Good Luck and Good Job Hunting!!!!!!!!!!

 

So Much for The Promise of RNAi!!!

Several years ago RNAi was hot and it was touted as a technology that would revolutionize modern pharmaceutical science. I never thought RNAi had much promise beyond being a research tool but what do I know? 

With this in mind, I felt exonerated today after reading that Roche had divested all of its RNAi assets to a small Madison, WI drug discovery company called Arrowhead Research. In exchange for the assets, Roche acquired an equity position in the company.  About a year ago Roche formally announced that it was exiting the RNAi business, but until now was unable to find a buyer. 

According to a press release, Arrowhead now owns the Roche Madison Inc facility (formerly the Mirus R&D facility in Madison, WI), which employs a team of 40 scientists. Arrowhead also gets licenses from several leading firms, including Tekmira Pharmaceuticals for RNAi drug delivery technology and Alnylam for RNAi intellectual property and short interfering RNA structures. Arrowhead was already in the RNAi delivery space.

Previously, Roche spent roughly a half-billion dollars to amass its position in RNAi, including $331 million paid to Alnylam Pharmaceuticals in 2007 for access to RNAi technology and $125 million for the purchase of Mirus Bio in 2008. Arrowhead, in contrast, is paying Roche no money for these and other assets; instead it is giving the Swiss firm an ownership stake of slightly under 10%.

Many other big pharma companies have also abandoned their efforts in the RNAi space. While RNAi works in the lab as a research tool, the inability to successfully deliver it to internal cellular targets has prevent companies from commercializing it. I hate to say it, but “I told you so.”

Until next time....

Good Luck and Good Job Hunting!!!!!!!!

 

Research Fads in the Life Sciences

Despite assertions to the contrary, scientists are pretty much like most other people. They eat, sleep, work, party and for the most part are social creatures. Therefore, it should come as no surprise that scientists are also susceptible to hype and succumb to research “fads.” In my former life as an academician, these fads were not so obvious and, for the most part, they unobtrusively helped to advance scientific research. However, after I abandoned academia for the private sector, these fads became blatantly obvious to me.  And, for the most part, were primarily driven by potential profits rather than advancing scientific knowledge for the common good.

First, there was combinatorial chemistry in the mid-1990s. Honestly, I never understood the hubris of the pioneers in this field who thought that by randomly mixing chemicals in a laboratory they could outdo nature when it came to creating new drugs. Nevertheless, the combinatorial chemistry fad over time resulted in high throughput screening, laboratory automation and sophisticated assay development technologies which serve as the foundation for modern drug discovery and development.

Next, there was the Human Genome Project that was supposed to provide drug developers with a plethora of previously undiscovered, potential new drug targets. While sequencing the human genome did provide scientists with a treasure trove of new biological targets, drug makers quickly ascertained that progress in drug discovery was not being hindered by the lack of targets but by a dearth of new drug candidates! Ironically, the lack of drug candidates resulted mainly from abandoning natural product drug discovery in favor of combinatorial chemistry. Like combinatorial chemistry, sequencing the human genome helped to improve DNA sequencing technology, sequence analysis and ushered in the fields of genomics and bioinformatics.

After the human genome was sequenced, scientists began to focus on the fields of computational biology and molecular modeling to help to discover and develop new drugs. While computational biology and molecular modeling yield some small successes, its use in drug discovery and development was limited. Ultimately, these fields morphed into something called translational science or medicine; a discipline that I don’t fully understand.

Finally, in the early 2000s, RNA interference (RNAi) became the technology du jour. RNAi was a powerful laboratory-based discipline that was sexy enough to garner its creators a Nobel Prize. Because of this, many drug companies had high hopes for RNAi and quickly jumped on the RNAi bandwagon. Billions of dollars were invested in the technology with the hope that RNAi would speed new drug discovery and also yield new drug candidates. At the outset, it was clear to many industry experts that RNAi molecules would be difficult to develop as new drug candidates. This is because RNAi molecules are difficult to deliver to cell-based targets and have short biological half lives. Despite these obvious shortcomings, many venture capitalists and large drug companies adopted a “damn the torpedoes, full-speed ahead” attitude and invested countless dollars and hours into RNAi research.  A doubter from the beginning (and pretty vocal about it too), I was not surprised to read an article in today’s Science Times entitled “Drugmakers’ Fever for the Power of RNA Interference Has Cooled” which describes the likely demise of RNAi as a source of new drug candidates.

Today, the new fad appears to be personalized medicine. While I don’t think that personalized medicine is yet “ready for prime time” I believe that it will become a commercial and medical reality in the next 10 to 20 years. Yet, despite lessons learned from past research fads, personalized medicine is being over hyped and oversold by the scientific and medical communities as well as the lay press.

Fads come and go in science as they do in real life. After all, we scientists are humans! That said, scientists are obliged to “go where the data takes you rather than where you (financially or intellectually) want it to go.  If scientists fail to live by this credo, countless research hours will be spent on ideas that cost a lot but yield little.

Until next time..

Good Luck and Good Job Hunting!!!!!!!!

 

The Demise of RNAi?

There is mounting evidence that RNAi, once hailed as a panacea for the pharmaceutical and biotechnology industries, may not be all that it was claimed to be. Yes, there are several new RNAi drug candidates in late stage clinical development but it isn’t clear, at this point, whether any of these products will ever make it to market. Companies like Allergan, Alnylam, Opko Health and Merck, which recently bought the RNAi company Sirna Therapeutics for $1.1 billion, have invested hundreds of millions of dollars and literally “bet the farm” on RNAi therapeutics.

The use of DNA and RNA as therapeutics is not a new or novel idea. Isis Pharmaceuticals, a pioneer and champion of oligonucleotide therapeutics, has only be able to bring a single, oligonucleotide-based product to market in the past 20 years. Ask any Isis executive and they will tell you that turning DNA or RNA into drugs is a challenging process that is fraught with many difficulties. Most notably, there are bioavailability, delivery and target specificity hurdles that most be over come before the utility of these drugs as therapeutic agents can be realized. That said the attractiveness of these molecules as therapeutics (and perhaps their real danger) is the simplicity and elegance of their mechanism(s) of action. Most scientists tend to “fall in love” with elegant and parsimonious solutions to complex processes—why would we not, they are type of discoveries that we all train and live for! And, as many of us know, when people “fall in love”, there is a tendency to overlook or not notice warning signs that things may not be as they seem.

The scientific community fell quickly and deeply in love with RNAi soon after the first papers appeared touting its benefits and possible therapeutic applications. Scientists were so convinced and confident about RNAi that they induced the financial community to invest billions of dollars into the emerging technology. The love and affection for RNAi reached its pinnacle in 2006 when two scientists, who played a crucial role in discovering its mechanism of action, won the Nobel Prize. Since then, the harsh realities of RNAi drug development have begun to be realized by companies that invested in the technology.

I have been around long enough to understand that there are fads in science. In the mid 1990s it was combinatorial chemistry, in the late 1990s it was genomics, proteomics and computational chemistry and in the 2000s it is RNAi. Don’t get me wrong–all of these technologies have helped to advance science and  provide researchers with sophisticated tools that have helped to expedite the drug discovery and development process. That said, none of these technologies, by themselves, yielded the plethora of new medications or therapeutics that their advocates promised. Industry veterans know that there are no easy solutions or panaceas in drug discovery and development. The process is inherently time-intensive, painstaking and tedious. And, despite what we scientists want to believe in our “heart of hearts,” there are no guarantees that simplicity and elegance will translate into safe and effective medications.

Until next time….

Good Luck and Good Job Hunting!!!!!!!!!!