Meet the Expert with JANET WOODCOCK, MD
CDER's Dr. Janet Woodcock Addresses 100+ Attendees at the First WIB "Meet the Expert" Luncheon
The first in the WIB "Meet the Expert" educational series kicked off on Nov. 3rd with Dr. Janet Woodcock, Director of The Center for Drug Evaluation and Research at the US FDA, addressing an audience of over 100 at the law offices of Arnold & Porter LLP in downtown Washington DC and broadcast live to an audience of over 20 at the North Carolina Biotechnology Center. Participants - professional women and men from industry, academia and government – networked over a lunch provided by the NIH Federal Credit Union in DC and by Cato Research in North Carolina.
Dr. Woodcock's conversational discussion addressed current challenges of the drug development enterprise and her thoughts on how to overcome these struggles. In particular, Dr. Woodcock discussed the low success rate and unpredictability of current drug development efforts, the repercussions of hesitant investment capital and the uncertainty surrounding the impact of health care reform on development efforts, all leading to macro-level uncertainty and a stifling of the development enterprise. The solution, as presented by Dr. Woodcock, is the de-risking of drug development, driven by an increasingly better understanding of the underlying science, tapping into the innovation of small biotechnology companies, NIH's new initiative to invest in translational research, and FDA's partnership with industry through the Critical Path Initiative to improve both safety and efficacy outcomes. Dr. Woodcock indicated that FDA believes we are now at an inflection point where these new initiatives are beginning to fuel a more predictable and successful effort to develop novel, innovative drugs to meet high unmet medical needs, and ultimately leading to shorter development times and higher value drugs for patients in need of new therapies.
This first "Meet the Expert" discussion was hosted by the law firm of Arnold and Porter LLP with additional sponsorship from the North Carolina Biotechnology Center, the NIH Federal Credit Union and Cato Research. The next in the "Meet the Expert" series is planned for March 8, 2011. A special thanks goes out to Allison Shuren and Kristan Lansbery for organizing this enjoyable and educational speaker luncheon.
Watch the event in our Video Library for members!