Importance of Management
Management is EVERYTHING in a company, especially a clinical biotech.
Management is the #1 factor in the success of a clinical biotech. They make hundreds of decisions a week and they need to get the vast majority of them right to get a drug across the finish line.
What about the quality of the drug? That is important also, but consider this. Good management can get an average drug approved by the FDA if they pick the right endpoints and run the trial properly.
But bad management can screw up even a good drug by measuring the wrong parameters, sloppy trial design or going cheap on the clinical research organization.
Reading the management bio is boring, but it gives you quick insight into the field experience and drug knowhow of the people running the trial.
Here is what we look for in clinical biotech management:
- Experience - they have run a lot of clinical trials in the past
- Depth of Knowledge - They have decades of experience in their field
- Focused - They are focused on a particular drug, or indication (disease)