Rare Diseases at the Economist Pharma Summit
We had a great day for rare diseases and AKU on Thursday, which showed us how important it is for rare disease groups to get out there and speak to industry.
The Economist Conferences invited me to do a 30 minute presentation of the AKU story and the world of orphan diseases to 200 top executives from the pharma industry at its Economist Pharma Summit at a glittering hotel in Mayfair, London. I had the slot right after lunch, just when most people are dozing off and digesting, so I thought I’d hit them hard with a strong presentation on the urgency for finding cures to all these devastating rare diseases, using AKU as a case study.
I think it worked. I didn’t see anyone dozing off, and got positive feedback afterwards from participants ranging from senior executives of big pharma companies, who expressed a strong interest in collaboration, to news media and smaller businesses involved in healthcare. Now we’re following up these contacts as there’s always a huge gap between an expression of interest and actually delivering a real programme of research and a treatment.
So if you’re a rare disease group, then get out there. Speak to people. Go to conferences. Present your work. There aren’t enough of us interacting with industry and showing them how important patients are to the whole process.
The buzz from the Economist event has helped us overcome a number of disappointments on the fundraising front – testimony to how tough the fundraising environment has got for rare disease groups. We’ve just received seven rejections from major trusts and foundations over the past two weeks and one success (from Awards for All, the small fund that’s part of the Big Lottery Fund).
I’m pretty fed up with the world of most funding institutions – they’re dinosaurs, with long bureaucratic processes, endless forms to fill in, and anonymous committees who make decisions for funding without having much of a clue what they’re doing. If only they realised the burden of work they put on charities, which are forced to compete through ineffective processes for constantly smaller pots of funding.
I wish more funders would listen to the likes of New Philanthropy Capital, the think tank that is trying to get foundations to rethink their funding processes and strategies. They need to cut down on the bureaucracy and the form filling and really go out there to meet the social entrepreneurs who are making a big difference to their communities.
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