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by rgejman
4281 days ago
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There are many problems with the institutions in this country that give grants. However, crowdsourcing is not the answer. Nor is baiting people by offering them the promise of a "patent free" cancer drug. Full-term drug development, including clinical trials reaches into the billions of dollars. You're never going to crowdsource that. So even if your drug is wildly successful and nontoxic (of which the chances are tiny given that you have not yet done animal studies), you will to partner with a pharma comnpany to bankroll the rest of its development. |
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I think it's correct to say that I am not going to crowdfund the entire drug development. Accordingly, that is not the plan. My vision is that the first stage (well second, really) is crowdfunded to show that there is broad interest in the idea in society, to raise some amount of funding outside of institutional granters, and achieve a productive result showing that indysci (and I) are not totally incompetent buffoons.
The completion of preclinicals (which typically ranges in the single-to-double-digit millions) would probably best come from institutional nonprofit granters, and running clinicals should come from the for-profit (probably generic) pharma that is seeking to capitalize on it. But I'm open-minded to other ideas.