Talk about a pivot. When the COVID-19 pandemic hit, Pfizer CEO Albert Bourla was one year into his tenure. Bourla, born and educated in Greece, is a 27-year veteran of the company. A trained veterinarian, he rose through the ranks of its animal health unit, and subsequently held leadership positions responsible for numerous businesses, including vaccines, oncology, and consumer products, before taking the post of chief operating officer in 2018. As he formally took the reins of the company on January 1, 2019, Bourla was focused on continuing Pfizer’s transformation into a pure-play biopharmaceutical company: placing its consumer health business in a joint venture with GlaxoSmithKline in 2019, preparing to spin off the Upjohn unit in a deal with Mylan, and rebranding the more than 170-year-old company to focus on its heritage of making scientific breakthroughs that could aid humanity. A year later, Bourla and Pfizer were intently focused on a COVID-19 vaccine, which the company developed in conjunction with BioNTech. In December 2020, it became the first major COVID-19 vaccine to be approved for emergency use. Bourla sat down (via Zoom) with PwC global health industries leader Ron Chopoorian and strategy+business editor-in-chief Daniel Gross to discuss Pfizer’s strategy, and why he believes the “miracle” of the COVID-19 vaccine was not a result of luck.
Image: Albert Bourla - Wikipedia
For 2021, the BHCR held onto the fourth-place position behind New York/ New Jersey, San Francisco Bay Area, and the greater Boston area. The latest ranking was revealed at the seventh annual BioHealth Innovation Forum. The region held onto the coveted spot for multiple reasons, including significant funding from the National Institutes of Health, available wet lab space, and patent strength protecting intellectual property.
Pete Brisbane, Executive Managing Director JLL, Mid-Atlantic Life Sciences Practice, said that as a cluster, the BHCR is doing “fantastically well” and will only improve over the next two years. In fact, Brisbane predicted that by 2023, the BHCR could overtake the New Jersey/ New York biopharma cluster in the number three spot based on increased venture capital funding, new wet lab space, and the fact that “the region will thrive as early-stage companies become commercial companies.”
Code snobs are going to hate me for this, but no matter what they tell you when they're looking down their nose at people like me who make a living selling the products they build, you can be an entrepreneur without being a programmer.
No-code platforms have rewritten what it means to be a startup founder, and they've leveled the playing field in an entirely new way. No-code development has been around for a while. I've seen it change the way people think about what is possible to create and how easy or difficult it should be to build out an idea.
Companies are trying to arrange the safe return of workers to big-city offices, but one factor remains beyond their control: the mass-transit commute.
Many workers say they are reluctant to ride subways, trains and buses into city centers, particularly when they could be in close quarters with unmasked or unvaccinated people. Several executives say their employees are citing Covid-19 fears related to their commutes as a key reason they want to continue working from home.
Climate change impacts are projected to displace 216 million people in developing regions by 2050, according to a new report from the World Bank.
Driven primarily by sea level rise and water scarcity, people will relocate within their own countries to cities and towns with more reliable access to natural resources and economic opportunity, the report finds.
Many leaders solicit the help of internal and external consultants, and the return on that advice depends on who’s receiving it. The author, currently an internal advisor and formerly an external consultant, reflects on the different returns leaders get for the same investment. Some engage consultants on interesting problems and create a sense of team and joint mission. They benefit from consultants’ best thinking, innovative advice, and hard work. Yet others oversimplify the issues at hand or underestimate what it takes to create results and treat consultants as transactional vendors. Those leaders not only pay the cost of a missed opportunity, they also run the risk of not addressing the issues they’re seeking to resolve. The author presents three ways to get the most out of your engagement with internal or external advisors.
Welcome to Philadelphia's bright and bold innovation ecosystem.
Philadelphia's startup scene is unique in that the region has generated more enterprise tech firms than consumer-facing companies, but is not without its B2C unicorns like Gopuff. In addition to these, dozens of local colleges and universities are spinning out companies and educating the next generation of leaders, and the region's accelerators and incubators are taking startups to the next levels of funding, customer acquisition and growth.
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About Innovation America
Richard A. Bendis is the Founder, President and CEO of Innovation America (IA), a global innovation intermediary focused on accelerating the growth of the entrepreneurial innovation economy Internationally and in America.