It’s an expensive und exhausting run against time: It takes approximately 2,3 billion Dollars and 12 years to bring a drug to the market. This leaves only 8 years until the expiration of the patent to bring back sufficient return on investments. So far, this has worked out well for the industry but the run is getting steeper every year: on the one hand, it becomes increasingly complex and expensive to develop new drugs, on the other hand prizes are under scrutiny. Hence, the industry is sitting on a time bomb, as the day will come when the returns will not cover the investments anymore and the innovation pipeline will dry out because bringing new drugs to the market does no longer offer any financial incentives.
What can be done about this scenario? Eventually (and hopefully), these projections prove wrong as there is still a lot to be gained by efficiency improvement through digitalizing all along the value chain – after all healthcare still is one of the least digitalized industries. Will this be enough – or do we have to reinvent healthcare innovation in a radical new way?
This DayOne Experts Event showcased some game changing ideas and discussed their feasibility and impact with an expert panel and the audience. These slides are just the intro to this Event.
1. DayOne Core Team
Experts from across industry and stakeholders
Michael Rebhan, Novartis
Peter Groenen, Idorsia
Alain Bindels, Roche
Frank Kumli, Ernst & Young
Torsten Schwede, University of Basel and Swiss Institute of Bioinformatics
Andreas Wicki, University Hospital Basel
Erik Schkommodau, University of Applied Science and Arts Northwestern Switzerland
Christian Bosshard, CSEM
Laurenz Baltzer, KARGER
Bram Stieltjes, University Hospital Basel
André Moeri, Medgate
Bhupinder Bhullar, Consultant
Douglas Haggstrom, Consultant
Thomas Brenzikofer, BaselArea.swiss
Fabian Streiff, Department of Economic, Social and Environmental Affairs of
the Canton of Basel-Stadt
DayOne Experts – 7.5.2019
DayOne Experts: Healthcare Innovation –
reinvented
2. Thomas Brenzikofer, BaselArea.swiss, Co-Founder DayOne
DayOne
Creating a world-leading hub for healthcare
innovation in precision medicine and digital health
3. the leading hub for healthcare innovation
in precision medicine
4. A growing community of healthcare innovators
1500 professionals, entrepreneurs, researchers across all disciplines
5. DayOne Core Team
Experts from across industry and stakeholders
Michael Rebhan, Novartis
Peter Groenen, Idorsia
Alain Bindels, Roche
Torsten Schwede, University of Basel and Swiss Institute of Bioinformatics
Christian Elias Schneider, University of Basel
Andreas Wicki, Bram Stieltjes University Hospital Basel
Nicole Probst-Hensch, Melissa Penny, Swiss TPH
Erik Schkommodau, Enkelejda Miho, University of Applied Science and Arts FHNW
Christian Bosshard, CSEM
Laurenz Baltzer, KARGER
André Moeri, Medgate
Management Team:
Bhupinder Bhullar, Douglas Haggstrom, Viktor Bullain, Bejal Joshi, Consultants
Frank Kumli, Fabian Streiff, Thomas Brenzikofer, BaselArea.swiss
6. DayOne Partners
Public and Industry
INITIATED AND OPERATED BY
IN CLOSE COLLABORATION
WITH
KNOWLEDGE PARTNERS
SUPPORTING PARTNERS
7. DayOne
Mission
Create a world leading
hub for healthcare innovation,
built on the strength of the Basel region
respected for its impact
facilitating collaboration across disciplines and
industries with a focus on precision medicine
– the convergence of diagnostics, treatment and
digital health
9. DayOne Core Team
Experts from across industry and stakeholders
Michael Rebhan, Novartis
Peter Groenen, Idorsia
Alain Bindels, Roche
Frank Kumli, Ernst & Young
Torsten Schwede, University of Basel and Swiss Institute of Bioinformatics
Andreas Wicki, University Hospital Basel
Erik Schkommodau, University of Applied Science and Arts Northwestern Switzerland
Christian Bosshard, CSEM
Laurenz Baltzer, KARGER
Bram Stieltjes, University Hospital Basel
André Moeri, Medgate
Bhupinder Bhullar, Consultant
Douglas Haggstrom, Consultant
Thomas Brenzikofer, BaselArea.swiss
Fabian Streiff, Department of Economic, Social and Environmental Affairs of
the Canton of Basel-Stadt
DayOne Experts – 7.5.2019
DayOne Experts: Healthcare Innovation –
reinvented
14. The old paradigm
Innovation as we know it
Invent Test Implement Innovate
Level of development
Resources
Valley of death
15. Basics
Three types of innovation
Efficiency more of the same for less
Incremental doing the same, but better
Change finding new ways of doing things
Clayton Christensen
16. Basics
Three types of innovation
Efficiency more of the same for less
Incremental doing the same, but better
Change finding new ways of doing things
Clayton Christensen
17. Basics
Three types of innovation
Efficiency more of the same for less
Incremental doing the same, but better
Change finding new ways of doing things
Clayton Christensen
22. DayOne Core Team
Experts from across industry and stakeholders
Michael Rebhan, Novartis
Peter Groenen, Idorsia
Alain Bindels, Roche
Frank Kumli, Ernst & Young
Torsten Schwede, University of Basel and Swiss Institute of Bioinformatics
Andreas Wicki, University Hospital Basel
Erik Schkommodau, University of Applied Science and Arts Northwestern Switzerland
Christian Bosshard, CSEM
Laurenz Baltzer, KARGER
Bram Stieltjes, University Hospital Basel
André Moeri, Medgate
Bhupinder Bhullar, Consultant
Douglas Haggstrom, Consultant
Thomas Brenzikofer, BaselArea.swiss
Fabian Streiff, Department of Economic, Social and Environmental Affairs of
the Canton of Basel-Stadt
DayOne Experts – 7.5.2019
DayOne Experts: Healthcare Innovation –
reinvented
23. DayOne Core Team
Experts from across industry and stakeholders
Michael Rebhan, Novartis
Peter Groenen, Idorsia
Alain Bindels, Roche
Frank Kumli, Ernst & Young
Torsten Schwede, University of Basel and Swiss Institute of Bioinformatics
Andreas Wicki, University Hospital Basel
Erik Schkommodau, University of Applied Science and Arts Northwestern Switzerland
Christian Bosshard, CSEM
Laurenz Baltzer, KARGER
Bram Stieltjes, University Hospital Basel
André Moeri, Medgate
Bhupinder Bhullar, Consultant
Douglas Haggstrom, Consultant
Thomas Brenzikofer, BaselArea.swiss
Fabian Streiff, Department of Economic, Social and Environmental Affairs of
the Canton of Basel-Stadt
18:15
Welcome and introduction: Thomas Brenzkofer
18:30
Input Speeches and Panel Discussion:
Peter Groenen, Idorsia – industry perspective
Melissa Penny, Swiss TPH – gobal health perspective
Noé Brasier, USB – hospital as innovation hub
Giovanni Nisato, Health Hacking Lab – community approach
Martin Etzrodt, Akasha Foundation – collaborative research
Paul Kohlhaas, Molecule – reengineering patents
20:00
closing remarks followed by networking apero
24. Next Events
next generation digital trials – 25. June
dayOne acceleration demo day – 25. June
dayOne conference – 9. September
new approaches in patient centricity – October/November
future business models – December