IDEA Collider

We are excited to tell you more about the IDEA Pharma and Exploristics partnership. IDEA’s COO, Jacqui Barendregt, asked Exploristics Founder and CEO Aiden Flynn five key questions about the innovative service model and, most importantly, the value to the pharmaceutical industry this newly formed partnership will bring.

Welcome to another episode of Idea Collider with your host, Mike Rea. 

In this engaging conversation, we delve into the world of pharmaceutical innovation and collaboration. Our guest, Dr. Nedim Pipic, a pharmaceutical expert specializing in mental and retinal health, shares his journey and passion for making a difference. Join us as we explore the unmet needs in these areas, the power of hybrid approaches and precision psychiatry, and the integration of digital therapeutics. 

Discover how the industry is transforming lives through innovation while remaining patient-centric. With insights into measuring development quality, the advantages of being a private company, and the importance of collaboration, this episode will inspire you to embrace change and drive positive outcomes in the pharmaceutical landscape. 

Tune in to Idea Collider today and be part of the movement toward a healthier, sustainable, and equitable future. 

Chapter Summaries 

[0:00:21] Introduction to today's guest, Dr. Nedim Pipic 

[0:04:23] Discussion on Innovation and Growth Mindset 

[0:06:44] Innovation and Patient Benefit in the Pharmaceutical Industry: A Discussion on the Importance of Return on Invention and Understanding Unmet Needs in Mental Health 

[0:08:25] Innovating Mental Health: A Discussion on Precision Psychiatry and Unmet Patient Needs 

[0:14:39] A Discussion on Precision Medicine and the Importance of Understanding Neurobiology in Addressing Symptoms 

[0:16:39] Driving Innovation in Pharma: Importance of Early Research Collaborations and Agile Culture 

[0:18:52] Discussion on Innovation and R&D in Pharmaceutical Industry 

[0:20:22] Driving Innovation and Culture in a Private Pharmaceutical Company 

[0:23:41] Insights on Innovation and Transformation 

[0:25:46] The Importance of Seeking Inspiration Outside of the Pharma Industry: A Conversation on AI and Agile Transformation 

[0:27:04] A Discussion on the Intersection of Medicine and Business in Pharmaceutical Innovation 

[0:33:28] Discussion on the Future of the Pharma and Biotech Industry and the Importance of Innovation and Collaboration 

[0:36:06] The Future of the Pharma Industry: Collaboration, Patient Empowerment, and Sustainability 

[0:37:39] Closing Remarks 

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Keep up with Dr. Nedim Pipic; 

● LinkedIn: https://www.linkedin.com/in/nedim-pip... 

● Website: http://www.boehringer-ingelheim.com 

Follow Mike Rea On; 

● Website: https://www.ideapharma.com/ 

● Twitter: https://twitter.com/ideapharma 

● LinkedIn: https://www.linkedin.com/in/bigidea/ 

Listen to more fantastic podcast episodes: https://podcast.ideapharma.com/ 

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To listen to more fantastic podcast episodes: https://podcast.ideapharma.com/

Welcome to another incredible episode of the IDEA Collider│Pharma Book Club series with your host Mike Rea. Today, Annie Duke joins us on the show to discuss her latest book, “Quit: The Power of Knowing When to Walk Away.” Annie is an Author, Professional Speaker, Decision Strategist & co-founder of The Alliance for Decision Education, a non-profit whose mission is to improve lives by empowering students through decision skills education. 

In the episode, Annie Duke delves into the motivation behind her latest book, “Quit,” when quitting is a valuable option rather than sticking around, grit versus willingness to quit, and Stewart’s Butterfield’s Quit story before founding Slack. In addition, Annie expounds on the fear of changing your mind and why most people worry about failing instead of winning. 

Ultimately, she delves into the Monkey & Pedestal Model, three reasons behind building the pedestal, the kill criteria & why you should have a quitting coach! 

Tune in for more! 

During this episode, you will learn about; 

[00:00:33] Introducing today’s guest 

[00:01:37] What motivated Annie in writing her book Quit as opposed to Thinking in Bets that lead to decision making 

[00:06:40] The difference between grit & willingness to quit 

[00:09:27] Why eight times more people die on the descent of Mt. Everest than climbing 

[00:18:53] Muhammad Ali is the embodiment of showing how in one circumstance, Grit can be a virtue & in the other circumstance, a downfall 

[00:30:20] Stewart Butterfield’s story from one of the world’s greatest quitter to founding Slack 

[00:39:37] The fear of changing your mind & failing

[00:48:36] The monkey & pedestal model 

[00:56:18] Three reasons behind building the pedestal 

[01:02:38] The kill criteria  & the idea of having a quitting coach 

[01:10:08] Does Annie act as a quitting coach? 

[01:18:51] The Reverse Sicilian concept 

[01:20:17] How to connect with Annie Duke

 

Don’t forget to Follow, Rate, Review, Like, and Share

 

Mentioned Books

• Thinking in Bets by Annie Duke
• Quit: The Power of Knowing When to Walk Away by Annie Duke
• Grit by Angela Duckworth
• Into Thin Air by Jon Krakauer

 

Let’s Connect!

 

Follow Alliance For Decision Education;

• Website: https://alliancefordecisioneducation.org/

 

Follow Annie Duke;

• Website: https://www.annieduke.com/
• Twitter: https://twitter.com/AnnieDuke
• LinkedIn: https://www.linkedin.com/in/annie-duke/

 

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Follow Mike Rea on;

• Website: https://www.ideapharma.com/
• Twitter: https://twitter.com/ideapharma
• LinkedIn: https://www.linkedin.com/in/bigidea/

 

To listen to more amazing podcast episodes: https://podcast.ideapharma.com/

Welcome to another incredible episode of the IDEA Collider series with your host Mike Rea. Today the Chief Financial Officer at Recursion, Dr. Michael Secora, joins us on the show as we discuss the industrial revolution of drug discovery. Michael is a scientist and a former equity investor.

In the episode, Michael delves into the reasons behind the incredibly fast growth at Recursion, the company’s mission of decoding biology to radically improve lives, the relatability of data, and how Recursion builds its various data sets for drug discovery. Moreover, he expounds on how Recursion stands out against its competitors in the tech industry, the unique demographics of the Recursion team, and what differentiates Recursion from other AI discovery companies.

Tune in!

During this episode, you will learn about;

[00:23] Introducing today’s episode

[01:29] About Michael Secora and Recursion as it is today

[04:58] Recursion’s Mission on decoding biology to improve lives radically

[08:48] Biotechnology versus BioPharma Companies

[15:00] Relatability of Data

[17:10] Recursion’s data sets & their contents

[22:13] How many terabytes of data are they in executing each experiment

[24:15] How Recursion stands out against competitors in the Tech environment

[26:23] Michael’s approach to humility in the pharmaceutical industry

[28:28] Demographics of the Recursion team

[31:20] Recursion’s Hack Week

[34:51] The difference between AI discovery companies & Recursion

[40:11] A hint of Recursion incredible speed in delivering value proposition

[47:47] Michael’s Book Recommendations

[50:16] How to connect with Michael & Recursion`

 

Don’t forget to Follow, Rate, Review, Like, and Share!

 

Mentioned Books

• Journey through Mathematics by Enrique A. Gonzalez
• Team of Teams by Gen. Stanley McChrystal, Tantum Collins, David Silverman & Chris Fussel
• What is Life by Schrodinger

Let’s Connect!

Follow Recursion on;

• Website: https://www.recursion.com/
• LinkedIn: https://www.linkedin.com/company/recursion-pharmaceuticals/

 

Follow Michael Secora

• LinkedIn: https://www.linkedin.com/in/michael-secora-phd/

 

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Follow Mike Rea on;

• Website: https://www.ideapharma.com/
• Twitter: https://twitter.com/ideapharma
• LinkedIn: https://www.linkedin.com/in/bigidea/

 

To listen to more amazing podcast episodes: https://podcast.ideapharma.com/

The healthcare industry is moving towards a digital revolution. With the help of digital technology, healthcare providers can now provide better and more efficient services to their patients. Digital technology has also proven to have a positive impact on patient outcomes, as well as the cost of care. 

Companies such as Openwater, which focuses on creating the future of medical imaging, have been able to deliver life-saving technologies. Through the use of low-intensity ultrasound, Openwater has been able to treat diseases such as glioblastoma, depression, neurodegenerative diseases, and stroke.

In this episode, Mary Lou Jepsen, the CEO and Founder of Openwater shares how Openwater started and what it deals with. Mary Jepsen also shares how her company has transformed healthcare through digital technology. Moreover, she discusses the operating and hiring principles of the company.  

 

Tune in for more insights!

 

Key Highlights

[01:44] Meet our guest; Meet our guest; Mary Lou Jepsen, and hear her backstory

[03:32] The contrast between Pharmaceutical Companies and companies such as Google & Facebook

[05:18] How we can apply physics to create interference ability and be able to see into our bodies using camera chips used in smartphones instead of using huge and expensive MRI scanners

[07:32] Why the One Laptop Per Child (OLPC) initiative didn’t work

[09:35] How she co-created the world’s first holographic video system from an idea that seemed impossible  

[12:07] Physicists’ predominant culture of looking for all the ways that they might be wrong and learning from that vs. Biologists’ culture of looking for any proof that they are right 

[17:05] Technology that uses low-intensity ultrasound on human brain organoids in glioblastoma cancer treatment which is better than chemotherapy 

[18:24] How did Openwater start, and what does the company deal with? 

[20:17] The use of technology to enable rapid identification of the large vessel occlusions to decrease the time to intervention in stroke victims

[26:56] Severe depression treatment using a headset capable of focusing low-frequency ultrasound on the nerve cells in the brain, which is more effective than transcranial magnetic stimulation

[31:42] The side effect of psychedelics in depression treatment  

[37:00] Comparison between cost change in the consumer electronics industry and the healthcare industry  

[40:21] The operating and hiring principles of the Openwater company

[49:00] How to link with Mary Lou Jepsen

 

Don’t forget to Follow, Rate, Review, Like, and Share!

 

Let’s Connect!

Follow Mary Lou Jepsen on her;

• Personal website:https://www.maryloujepsen.com/
• Company website: https://www.openwater.cc/
• LinkedIn: https://www.linkedin.com/in/majepsen/
• Twitter: https://twitter.com/mljmljmlj
• Facebook: https://web.facebook.com/maryloujepsen?_rdc=1&_rdr

 

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Follow Mike Rea on;

• Website: https://www.ideapharma.com/
• Twitter: https://twitter.com/ideapharma
• LinkedIn: https://www.linkedin.com/in/bigidea/

 

To listen to more fantastic podcast episodes: https://podcast.ideapharma.com/

Welcome to another incredible episode of the IDEA Collider│Pharma Book Club series with your host Mike Rea. Today a competitive advantage expert, and CEO of Smart Advantage, Jaynie Smith, joins us on the show.  She delves into snippets in her book, Creating Competitive Advantage, & the role of competitive advantage in increasing sales and protecting profit margins.
 

Moreover, she explains that it’s not about prices but your value proposition, understanding your customers' top three buying criteria, and competitive positioning.  Ultimately she discusses the power of competitive advantage, implementing metrics that quantify competitive ads and focusing on the company rather than product advantage.

Tune in for more!

 

During this episode, you will learn about;

[00:20] Introducing today’s episode

[01:27] About today’s guest, “Jaynie Smith.”

[05:05] The process of unpacking & looking for opportunities

[09:44] Does everyone in business understand why they are in business

[11:45] Competitive advantage is closing deals & making money in an organization

[13:43] Why companies don’t spend enough time listening to their customers

[16:09] Building your value proposition

[22:28] Competitive positioning

[26:05] Do people give positioning the credit  that’s due in the business world

[30:48] Do ad agencies get competitive positioning right?

[32:20] Company versus product competitive advantage

[35:57] Why companies  lose sight of things that matter most to their customers

[38:52] Persistence in communication

[40:58] How to connect with Jaynie Smith

[41:40] Book recommendations from Jaynie

 

Let’s Connect!

Follow Jaynie Smith on;

• LinkedIn: https://www.linkedin.com/in/jayniesmith/
• Website: jayniesmith.com

Follow Smart Advantage

• Website: https://smartadvantage.com/

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Follow Mike Rea on;

• Website: https://www.ideapharma.com/
• Twitter: https://twitter.com/ideapharma
•  LinkedIn: https://www.linkedin.com/in/bigidea/

To listen to more amazing podcast episodes: https://podcast.ideapharma.com/

Welcome to another incredible episode of the IDEA Collider│Pharma Book Club series with your host Mike Rea. Today we are joined by Sherine Khalil, the Vice President and Chief Business Officer for Valor Compounding Pharmacy. She talks about sterile and non-sterile compounding as well as her transition from the nonprofit world to academic medicine.

Additionally, she delves into the major functional areas of compounding pharmacy, the reasons behind the decline in compounding pharmacy over the years, her source of ideas, and how she judges success. Moreover, Sherine expounds on the organizational structure within the pharmacy, how far she plans into the future, and her journey in business consulting. 

Tune in!

 

During this episode, you will learn about;

[01:23] About Sherine Khalil

[05:36] Sherine’s transition from the nonprofit world to academic medicine

[11:25] Is her curiosity self-directional?

[13:55] About compounding pharmacy and its major function areas

[15:55] Reasons for the decline in compounding pharmacy over the years

[19:00] Sherine’s source of ideas. What’s her process of assessing development

[21:10] Organizational structure  and hierarchy within the pharmacy

[22:25] How she judges success. What will work or not work

[23:54] How far Sherine plans into the future

[28:06] What her Quarter 1 & 2 goals look like for her amidst covid in 2022

[30:13] What’s in Sherine’s organizational structure that makes her more agile than other companies

[32:19] Sherine’s biggest idea in telehealth

[39:33] Sherine’s journey in business consultancy

[44:29] Her source of motivation

[46:36] Sherine’s book recommendations

[48:04] One thing Sherine wishes she could have been asked

[52:13] To connect with Sherine

 

Let’s Connect!

Follow Sherine Khalil on;

• LinkedIn: https://www.linkedin.com/in/sherinekhalil
• Email: [email protected]

Follow Valor Compounding Pharmacy;

• Website: https://valorcompounding.com/

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Follow Mike Rea on;

●        Website: https://www.ideapharma.com/

●        Twitter: https://twitter.com/ideapharma

●        LinkedIn: https://www.linkedin.com/in/bigidea/

To listen to more amazing podcast episodes: https://podcast.ideapharma.com/

Welcome to another incredible episode of the IDEA Collider│Pharma Book Club series with your host Mike Rea. Today we are joined by Prof. Brian D Smith, a pharma innovation geek for the past 24 years. He talks about his latest book, “ New Drugs, Fair Prices,” and how to manage the pharmaceutical innovation ecosystem for sustainable and affordable new medicines.

Additionally, he delves deep into discovery habitats and how every habitat contributes to the ecosystem for a sustainable and affordable supply of new medicines. Moreover, Brian expounds on an unhealthy ecosystem and three big goals to achieve in our ecosystems.

Tune in!

During this episode, you will learn about;

[00:21] Introducing the show

[01:17] About Brian Smith

[04:41] Brian’s main focus in his latest book, “New Drugs, Fair Prices.”

[09:20] A snippet of the introduction to Brian’s new book

[14:58] Why the definition of terms was important all the way through his book

[18:36] The selection pressure in the industry

[18:57] The seven types of habitats and what they need to contribute to the ecosystem

[22:30] The innovation habitat

[25:00] Brian’s definition of an unhealthy ecosystem

[28:46] Three big goals we need to achieve through our ecosystem

[33:20] Ecosystems don’t just change. How do you understand and manage them?

[42:00] Book recommendations for aspiring innovation and pharmaceutical geeks

[46:52] How to connect with Brian Smith

Let’s Connect!

Follow Brian Smith on;

• Website: https://www.pragmedic.com/
• Youtube: https://www.youtube.com/watch?v=35HFWM6tbTc
• Podcast: https://podcasts.apple.com/us/podcast/darwins-medicine/id1551652841

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Follow Mike Rea on;

●        Website: https://www.ideapharma.com/

●        Twitter: https://twitter.com/ideapharma

●        LinkedIn: https://www.linkedin.com/in/bigidea/

To listen to more amazing podcast episodes: https://podcast.ideapharma.com/

Welcome to another incredible episode of the IDEA Collider│Pharma Book Club series with your host Mike Rea. Today a tech pioneer, founder & CEO of Rapid Alpha joins us on the show as we discuss marketing intelligence & why business leaders can not ignore data quality. 

Matthew talks about his career path from intellectual property to where he is now, about Rapid Alpha, what innovation management entails, and how data works and impacts company decisions. Additionally, he expounds on the right KPIs for pharmaceuticals, platforms & tools for better data organization, creating value for your company as well as the future of data.

Tune in for more!

During this episode, you will learn about;

[00:27] Introducing the episode

[00:40] Know our guest “Matthew Wahlrab”

[04:47] His career path from intellectual property to where he is now

[12:00] How data works

[16:55] Defining innovation management

[21:16] How data impacts company decisions

[22:15] About Matthew's company Rapid Alpha & what they do

[24:48] Matthew’s special sources 

[26:29] Matthew’s approach to Green flags & who should be working where

[29:49] Getting your timing right

[32:22] The right KPIs for pharmaceuticals

[37:49] Platforms & tools for better data organization

[43:04] Creating value in an enterprise

[47:52] The future of data

[51:44] Book recommendations from Matthew

[55:45] Best way to connect with Matthew Wahlrab

[56:31] One question he wishes to have been asked

Let’s Connect!

Follow Matthew Wahlrab on;

• LinkedIn: https://www.linkedin.com/in/matthew-wahlrab/

Follow Rapid Alpha on;

• Website: https://rapidalpha.com/
• LinkedIn: https://www.linkedin.com/company/rapidalpha/

 

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Follow Mike Rea on;

●        Website: https://www.ideapharma.com/

●        Twitter: https://twitter.com/ideapharma

●        LinkedIn: https://www.linkedin.com/in/bigidea/

To listen to more amazing podcast episodes:

 https://podcast.ideapharma.com/

Welcome to another incredible episode of the IDEA Collider│Pharma Book Club series with your host Mike Rea. Today, Tim Kight,  a long-life student of elite performance, coach, and Focus 3 CEO joins us on the show as we discuss developing leaders & strengthening organizational culture to achieve better results.

Tim delves into the five drivers of organizational greatness, training your team on behavioral skills, rebuilding your company’s culture, and expanding your focus run. Additionally, he talks about replacing old habits with good ones, the twenty square ft principle, and stepping up to become an elite in your team!

 

Tune in for more!

 

During this episode, you will learn about;

[00:27] Introducing the show

[01:50] Tim’s background & experience in sports & business

[05:45] Invention doesn’t become innovation all by itself.  What roles teams & organizations play

[07:29] 5 drivers for organizational greatness

[09:25] Talent recognition in organizations

[11:26] What to consider when hiring -Job skills vs. behavior skills. 

[17:52] Leading with your heart in business

[20:43] Rethinking & rebuilding a company’s clear, concise & compelling culture

[23:13] A quick contrast between an athletic & business team

[26:41] Planning for the future of your business.  The known versus the unknown of the company's future.

[31:14] Expanding your focus run & 5 questions to ask yourself and your team

[35:50] Unlearning to relearn your skill versus replacing old habits with good ones

[38:00] Tim’s twenty square ft principle

[45:37] A case study on changing culture, discipline & achieving good results

[53:00] Stepping up, confronting that default mode, and becoming elite in your team

[55:36] To connect with Tim Kight

 

Don’t forget to Follow, Rate, Review, Like, and Share!

 

Let’s Connect!

Follow Tim Kight on;

●        LinkedIn: https://www.linkedin.com/in/timothykight/

●        Website:  https://focus3.com

●        Twitter: @TimothyKight

●        Email: [email protected]

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Follow Mike Rea on;

●        Website: https://www.ideapharma.com/

●        Twitter: https://twitter.com/ideapharma

●        LinkedIn: https://www.linkedin.com/in/bigidea/

To listen to more amazing podcast episodes: https://podcast.ideapharma.com/