Startup Funding Espresso – Core Skills for Biotech Drug Development

Core Skills for Biotech Drug Development Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Investors looking to invest in a biotech drug startup should diligence the team for key skills. Here are the key skills needed for biotech drug development: Knowledge of how to drug a target. This means identifying a molecule, often a protein, that is associated with the disease to be treated and could be treated by a drug. Ability to elucidate the mechanism of action. This is the process by which a drug functions to produce a pharmacological effect. Demonstrate safety and efficacy. This shows the therapeutic works and is non-toxic. Ability to design clinical trials to show safety and efficacy. This requires the ability to pick the right therapeutic indication and the appropriate patient population. Finally, understand the regulatory requirements for approval. This means identifying the right FDA path and the steps required to reach approval. Consider these skills in a founder before investing in a biotech drug startup. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let's go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: http://investorconnect.org Check out our other podcasts here: https://investorconnect.org/ For Investors check out: https://tencapital.group/investor-landing/ For Startups check out: https://tencapital.group/company-landing/ For eGuides check out: https://tencapital.group/education/ For upcoming Events, check out https://tencapital.group/events/ For Feedback please contact [email protected] Please follow, share, and leave a review. Music courtesy of Bensound.