Tell HN: An inside view of Montana's new biotech law
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Tell HN: An inside view of Montana's new biotech law
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Unofficial Hacker News client; not affiliated with Y Combinator.
hlieberman · · focus · HN ↗
[dead]
estearum · · focus · HN ↗
niklas_anzinger · · focus · HN ↗
(Not legal advise.)
estearum · · focus · HN ↗
niklas_anzinger · · focus · HN ↗
petcat · · focus · HN ↗
You need to put this into more layman terms because I don't know what any of this means.
Are you trying to fast-track something and the Montana state legislature approved it? What is this?
estearum · · focus · HN ↗
niklas_anzinger · · focus · HN ↗
Also what would be the bad outcomes here? If those drugs end up not being safe (that is prevented by the requirement to not withhold safety data), or being effective?
If effectiveness is what you're thinking of, keep in mind things like off-label are already allowed, so even in the current system you have drugs that aren't proven effective for what they're used and we don't call the physicians that prescribe off-label bad actors necessarily.
ceejayoz · · focus · HN ↗
Barring a time machine, safety data reporting is gonna lag at least some of the bad outcomes.
niklas_anzinger · · focus · HN ↗
ceejayoz · · focus · HN ↗
niklas_anzinger · · focus · HN ↗
estearum · · focus · HN ↗
estearum · · focus · HN ↗
Producing $5-10MM in revenue with a snake oil drug strikes me as trivial.
And keep in mind a substantial portion of the Phase 1 + IND costs are incurred in preparation of actually trying to bring a drug fully to market. If your approach is just to Phase 1, milk consumers, then bail, I'm quite confident you can do this much much much more cheaply.
> Also what would be the bad outcomes here? If those drugs end up not being safe (that is prevented by the requirement to not withhold safety data), or being effective?
A requirement not to withhold safety data is different (and easier to enforce at Phase 1) than a requirement to produce the relevant safety data in the first place. Again, designing a Phase 1 study with no ambition to succeed in Phase 2 and Phase 3 will both enable and incentivize a lot more "creativity" in study design to not detect a problem early on. Whereas today, all incentives are aligned toward detecting problems as early as possible, because finding out your drug is unsafe at Phase 3 is financially very bad.
niklas_anzinger · · focus · HN ↗
What I meant by legible: to run it, you'd have to pass FDA's IND review and reporting requirements, IRB review of the Phase 1, and then Montana ETRB review, with public annual outcome reporting and no withholding of safety data from patients. That's a high bar.
If your view is that nothing short of full approval is enough of a bar and no alternative should be tried even at small scale, fine. We should agree to disagree here then.
estearum · · focus · HN ↗
The risk I’m pointing out has nothing to do with a track record. It’s a design problem. Implementing solutions that are knowably bad is actually really stupid and we shouldn’t do it.
colingauvin · · focus · HN ↗
estearum · · focus · HN ↗
niklas_anzinger · · focus · HN ↗
estearum · · focus · HN ↗
Excellent example of precisely my point.
colingauvin · · focus · HN ↗
estearum · · focus · HN ↗
I’m saying that the millions of dollars in expenses are irrelevant if you can recoup those costs plus some profit by selling snake oil.
Your comment is just “millions of dollars is a lot of money!” I don’t care whether you think that’s a lot of money.
If you think that cost cannot be recouped by selling snake oil for some reason, then explain why.
colingauvin · · focus · HN ↗
apinstein · · focus · HN ↗
niklas_anzinger · · focus · HN ↗
zachthewf · · focus · HN ↗
- How have things looked since passage? Has there been a lot of interest from companies and patients or is demand the bottleneck? Not that many people in Montana...
- What sort of new business models does this open up? e.g. Roivant for abandoned phase 1 assets?
- Does this lower the barrier for treating new indications, e.g. age related conditions like sarcopenia?
- Any particular rules on telehealth?
niklas_anzinger · · focus · HN ↗
colingauvin · · focus · HN ↗