Breaking News

What Mark Cuban and biopharma execs think about the 2024 race

October 20, 2024
avatar-torie-bosch
First Opinion editor

This week, some big names popped up on First Opinion.

First, Mark Cuban — of the Dallas Mavericks, formerly of "Shark Tank," and, most relevant to STAT, of Mark Cuban Cost Plus Drugs — came by the "First Opinion Podcast." My colleague Matthew Herper joined us, too. Matt asked the expert questions on PBMs, generics, and transparency, while I, ever the generalist, quizzed Cuban more on his relationship with the Harris campaign and his big-picture vision for health care reform. Cuban surprised me by saying that health care "is literally the easiest industry to interrupt, to disintermediate, that I've ever been involved with." Listen and subscribe to the "First Opinion Podcast" on whatever podcatcher you use. (I use Overcast, which I came close to abandoning after a major redesign earlier this year, but thankfully the bugs have been squashed.) You can also watch our conversation here. Please do, because I tidied up my background just for this Zoom.

Meanwhile, I published a special election-related series. During this campaign season, it has seemed that Vice President Kamala Harris and former President Donald Trump agree on just two things: Tips shouldn't be taxed, and Big Pharma is to blame for high health care costs. So I asked executives at leading biotech and pharma companies to share their reflections on the campaign discourse about the industry, and four responded with thoughtful essays: Sandoz CEO Richard Saynor; Sebastian Guth, chief operating officer for Bayer Pharmaceuticals and president of Bayer U.S.; Eli Lilly chief scientist Daniel M. Skovronsky; and Fritz Bittenbender, senior vice president of public affairs and access at Genentech. There are several places where they all agree: The political rhetoric is unfair to biopharma, and they're concerned about what happens to intellectual property in the new administration. But it's compelling to read their different perspectives.

I sometimes get asked whether First Opinion prioritizes big names. Generally, no: I care most about the exciting idea.

For instance, this week, I published a deeply compelling personal essay by Sally Littlefield, a mental health advocate and writer who has schizoaffective disorder. Sally wrote about why the psychiatric health care system's long-time disregard of patients makes her hesitant about the newly approved schizophrenia wonder drug Cobenfy: "To be a psychiatric patient is to be unheard, to be told to be quiet and be grateful. As long as the psychiatric industry fails to take patients seriously, pharmaceutical companies will struggle to persuade us to try new antipsychotics."

But I think there also is value to getting prominent people to share their perspectives, which can sometimes surprise you. Now, I've certainly passed on boring essays from politicians or high-profile writers who are saying exactly what you might expect them to — but I also know that STAT readers are interested in reading about leaders in health care, whether or not they agree with them.

Is there a big name you think I should approach about writing for First Opinion? Email me.

Recommendation of the week: I was a kid in the '90s when "mad cow disease" became a headline, so I mostly just remember the outlines of the story and the bad jokes. The BBC Sounds podcast "The Cows Are Mad" shed new light on the topic for me, sharing compelling and heartbreaking stories of loss and missed opportunities.

Adobe

Why I'm wary of the new schizophrenia miracle drug

The FDA has approved the first truly new antipsychotic in decades. But patients with schizophrenia have reasons to distrust the mental health care system.

By Sally Littlefield


STAT+ | Genentech executive Fritz Bittenbender: Beware political soundbites

Political rhetoric around health care costs consistently gets us nowhere, writes Genentech executive Fritz Bittenbender.

By Fritz Bittenbender


STAT+ | Eli Lilly chief scientist Daniel M. Skovronsky: Beware elected leaders who would weaken patents

"The current policy environment is increasingly hostile to inventors of new medicines," writes Daniel M. Skovronsky, Eli Lilly's chief scientist.

By Daniel M. Skovronsky



Andrew Harnik/AP

STAT+ | The biggest challenge facing the FDA's new Rare Disease Innovation Hub

The Rare Disease Innovation Hub will succeed only if everyone involved prioritizes better internal and external communications.

By Peter J. Pitts


STAT+ | Bayer Pharmaceuticals COO: The 2024 campaign is full of good intentions — and bad policy

Bayer's Sebastian Guth is focused on the election's implications for PBM reform, 340B, price setting, and IP protections.

By Sebastian Guth


Mark Cuban has no doubt he can disrupt health care

"This is literally the easiest industry to interrupt, to disintermediate, that I've ever been involved with," he said on the "First Opinion Podcast."

By Torie Bosch


Richard Saynor, CEO of Sandoz.
Photo illustration: STAT; Photo: Sandoz

STAT+ | What the Sandoz CEO is thinking about the 2024 elections

Sandoz CEO Richard Saynor on how to reduce health care costs, stabilize supply chains, and ensure patient access to critical medicines.

By Richard Saynor


Occupational and environmental medicine is a critical specialty — and under threat

The number of practicing OEM physicians is on the decline due to a quirk in how the federal government funds medical training.

By Matthew Hamm


More around STAT
Check out more exclusive coverage with a STAT+ subscription
Read premium in-depth biotech, pharma, policy, and life science coverage and analysis with all of our STAT+ articles.

Enjoying First Opinion? Tell us about your experience
Continue reading the latest health & science news with the STAT app
Download on the App Store or get it on Google Play
STAT
STAT, 1 Exchange Place, Boston, MA
©2024, All Rights Reserved.

No comments