And the oligarchs and authoritarians are back in charge.
Dr J may very well make a speech at the Opening Bell on NASDAQ in the near future.
But tearing down the tumor wall is just half the battle.
And we are winning that battle, I'd say. Prospectively proving the process, as we speak.
But integrating a life-changing therapeutic like leronlimab into the medical-industrial complex... not to mention Wall Street, well, that's another story.
It may go smoothly, driven simply by the joy and excitement of retail at the prospect of A Cure...
But there are a lot of entrenched interests at stake.
And the tech bros are fond of "creative destruction" and "white space opportunity" and "frictional layoffs."
Leronlimab is going to be one hot potato, in a very short time.
Getting fair value for the molecule, for an innovative but small biotech, is going to be a huge battle.
No triumphant speech at Opening Bell is going to accomplish that...
Hoffman has his work cut out for him--joint ventures by indication, getting the FDA to sign off on any ICI, CVRs, biobucks?
He'll have to get creative and play some real hardball to deal with the wolves of Wall Street and an entitled, me-first Pharma.
I'm convinced leronlimab is going to be a revolutionary therapeutic. In the history books, I bet the practice of medicine will be divided into a pre-leronlimab world, and a post-leronlimab one. Like penicillin for bacterial infections. I'm glad to be alive in the post-LL world... with a tiny piece of it.
But moving fast and breaking things--how in any rational world does that have a place in healthcare?
I suspect things are going to get real interesting around here... and pretty soon.