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Dinakar Singh

👤 Speaker
519 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Dinakar Singh - A Father’s Call To Action - [Invest Like the Best, EP.428]

You could actually make a little bit of money from it.

Invest Like the Best with Patrick O'Shaughnessy
Dinakar Singh - A Father’s Call To Action - [Invest Like the Best, EP.428]

And the head of one of the largest biotech companies actually laughed at me in the meeting and said, look, Jennifer, the most expensive drug in the world is Avastin, which was a mycology drug, at $15,000 a year.

Invest Like the Best with Patrick O'Shaughnessy
Dinakar Singh - A Father’s Call To Action - [Invest Like the Best, EP.428]

No one's ever going to pay that kind of money for a small, rare disease for children.

Invest Like the Best with Patrick O'Shaughnessy
Dinakar Singh - A Father’s Call To Action - [Invest Like the Best, EP.428]

It became a running joke in the end because this person, Alessandro, was an incredible advisor and helper to us.

Invest Like the Best with Patrick O'Shaughnessy
Dinakar Singh - A Father’s Call To Action - [Invest Like the Best, EP.428]

joined our SAB and really helped us really immensely.

Invest Like the Best with Patrick O'Shaughnessy
Dinakar Singh - A Father’s Call To Action - [Invest Like the Best, EP.428]

At the end, the first drug that we helped develop through Colts from Arbor Labs and then a company called Ionis, we then had them partner up with Biogen.

Invest Like the Best with Patrick O'Shaughnessy
Dinakar Singh - A Father’s Call To Action - [Invest Like the Best, EP.428]

So Biogen essentially bought in the drug and became the first to market with an SMA drug.

Invest Like the Best with Patrick O'Shaughnessy
Dinakar Singh - A Father’s Call To Action - [Invest Like the Best, EP.428]

And when they did, they charged, I think, $730,000 a year for it.

Invest Like the Best with Patrick O'Shaughnessy
Dinakar Singh - A Father’s Call To Action - [Invest Like the Best, EP.428]

I think they're one of the top three drugs pulling in, I think, $4 or $5 billion in revenue.

Invest Like the Best with Patrick O'Shaughnessy
Dinakar Singh - A Father’s Call To Action - [Invest Like the Best, EP.428]

And so amazingly today, the SMA drug market, I think, is high single digit billions.

Invest Like the Best with Patrick O'Shaughnessy
Dinakar Singh - A Father’s Call To Action - [Invest Like the Best, EP.428]

And it's a top three drug for Roche, Novartis, and Biogen.

Invest Like the Best with Patrick O'Shaughnessy
Dinakar Singh - A Father’s Call To Action - [Invest Like the Best, EP.428]

But the notion that a pediatric neurology drug

Invest Like the Best with Patrick O'Shaughnessy
Dinakar Singh - A Father’s Call To Action - [Invest Like the Best, EP.428]

would be anything of value back then was a hard sell.

Invest Like the Best with Patrick O'Shaughnessy
Dinakar Singh - A Father’s Call To Action - [Invest Like the Best, EP.428]

And so we basically had to go put it in a box with a bow on it and give it to people for free because otherwise they'll never touch it.

Invest Like the Best with Patrick O'Shaughnessy
Dinakar Singh - A Father’s Call To Action - [Invest Like the Best, EP.428]

And that's really what we did.

Invest Like the Best with Patrick O'Shaughnessy
Dinakar Singh - A Father’s Call To Action - [Invest Like the Best, EP.428]

I mean, we spent a fortune on models, testing everything.

Invest Like the Best with Patrick O'Shaughnessy
Dinakar Singh - A Father’s Call To Action - [Invest Like the Best, EP.428]

It was clear after testing everything that the existing FDA-approved drugs, some would have some impact, but none would be good enough.

Invest Like the Best with Patrick O'Shaughnessy
Dinakar Singh - A Father’s Call To Action - [Invest Like the Best, EP.428]

And you'd have toxicity issues, so it didn't work.

Invest Like the Best with Patrick O'Shaughnessy
Dinakar Singh - A Father’s Call To Action - [Invest Like the Best, EP.428]

So we then pursued all three shots on goal that you thought were relevant.

Invest Like the Best with Patrick O'Shaughnessy
Dinakar Singh - A Father’s Call To Action - [Invest Like the Best, EP.428]

Coastering Harbor Labs, they're a great scientist.