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The ingredients of a successful biopharma collaboration

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In the wide world of biopharma, collaboration is not only important but vital. From Big Pharma partnerships to licensing deals to public-private coalitions, leaders in the biotech realm need to know how to navigate alliances if they want their innovations to see the light of day and, ultimately, reach more patients.

In recent years, this style of teamwork has risen while all-out M&A has fallen to the wayside, as collaboration is a safer prospect in a volatile financial market. Last year, dealmaking in the pharma realm reached a projected value of $132.1 billion, which was higher than most years in the decade, according to a recent report from EY.

And on the other side, with less cash available for biotechs than there was during the investment heyday of the pandemic, smaller companies are more than welcoming the funding that a partnership can bring to their pipelines.


“The best partnerships we have are with preclinical biotech companies who have poured their heart and soul into coming up with amazing therapies, and we can take that innovation to its full potential.”


So, how does a biotech find the right kinds of deals to keep their vision moving forward without sacrificing the culture of scientific innovation that got them started in the first place? We spoke to several biopharma leaders — and potential partners — at the BIO international convention last week about the ingredients of a successful collaboration.

Aligning the vision

Leaders in biotech are aware of the importance of partnering along the way, and the most critical piece of the puzzle is making sure two entities are aligned both on the problems they intend to solve and the outcomes they expect.

“We’re always looking for a functional fit, but also a cultural fit in our partnerships,” said Lynn Baxter, head of North America at Viiv, a GSK company focused on HIV that entered into a research collaboration with oncology-focused Halozyme in 2021. “Are these companies that can connect and care about what we’re doing? Do they feel the work matters as much as we do? We want companies that are passionate and want to work with us.”

Understanding the science and having the same vision for how it fits into the treatment landscape is critical for a successful partnership, said Meredith Manning, president of the Americas at PharmaEssentia.

“If the vision isn’t aligned, if what you’re trying to achieve with an asset isn’t shared, then it’s not going to work,” Manning said. “You’re going to constantly have that tug-of-war of what they’re trying to accomplish and what you’re trying to accomplish.”

When the cultures don’t align, the partnership becomes hard work to maintain, Baxter said.

“It’s harder to be effective together because you’re having to explain everything and you don’t have that single north star to guide you,” Baxter said. “Successful collaborations in my experience often start with core values — then the mission aligns and you can achieve something great.”

Boosting cell therapy

Cell therapy has come a long way since Kymriah gained the first-ever U.S. approval in 2017 as a result of a partnership between University of Pennsylvania scientists and pharma giant Novartis. To this day, collaborations are a big part of the cell therapy landscape as a means to overcome everything from a lengthy trial process to manufacturing bottlenecks.

Gilead’s cell therapy business Kite earlier this year announced one such partnership with Arcellx, a clinical-stage biotech with a lead candidate for multiple myeloma in phase 2. The plan is to co-develop and co-commercialize the therapy, currently called CART-ddBCMA, highlighting the ways in which an established leader in the space can bring smaller players into the field.

Aileen Fernandez, chief business officer, Arcellx

Aileen Fernandez, chief business officer, Arcellx

Permission granted by Arcellx

 

For Arcellx’s chief business officer, Aileen Fernandez, aligning incentives and operational strength is the key to successful biopharma matchmaking, especially in the field of cell therapy.

“We spent a lot of time thinking about how to set up a collaboration that drives our lead program. We have the expertise in multiple myeloma, and this is a partnership that complements that,” Fernandez said. “We know that Kite is dedicated to cell therapy, that they’ve invested heavily in their manufacturing capabilities, which is key to a successful therapy, and that they want to invest in thinking about next-generation programs.”

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