A Deep Dive on Big Pharma and Ozempic

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/—RECOMMENDED PODCAST: History 102 with WhatifAltHistEvery 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/36Kqo3BMMUBGTDo1IEYihmApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913YouTube: https://www.youtube.com/@History102-qg5oj—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/id1724813949Spotify: https://open.spotify.com/show/2HY9OJ7WvoDzPaodgaHw6ASubstack: https://www.thesisdriven.com/podcast—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/.—SPONSOR: HARMONIC | BRAVE🧲 Learn why Craft, Bedrock, NEA and 100s more trust Harmonic’s data to source deals. Harmonic is the most complete startup database, finding new companies as soon as they incorporate and tracking them through IPO. Head to https://bit.ly/harmonicturpentine and make sure to mention Turpentine VC during your demo.Get first-party targeting with Brave's private ad platform: cookieless and future proof ad formats for all your business needs. Performance meets privacy. Head to  https://brave.com/brave-ads/ and mention “MoZ” when signing up for a 25% discount on your first campaign.—LINKS:Samo’s Bismarck Brief: https://brief.bismarckanalysis.com/—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--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 [email protected]. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.