{"version":"1.0.0","segments":[{"speaker":"John Simboli","startTime":0.24,"endTime":3.12,"body":"Erik, what led to"},{"speaker":"John Simboli","startTime":0.24,"endTime":3.12,"body":"your role as CEO at Memo"},{"speaker":"John Simboli","startTime":3.12,"endTime":3.9,"body":"Therapeutics?"},{"speaker":"Erik van den Berg","startTime":3.9,"endTime":6.72,"body":"I joined"},{"speaker":"Erik van den Berg","startTime":3.9,"endTime":6.72,"body":"about two years ago, and what"},{"speaker":"Erik van den Berg","startTime":6.78,"endTime":9.66,"body":"attracted me about Memo"},{"speaker":"Erik van den Berg","startTime":6.78,"endTime":9.66,"body":"Therapeutics were, I guess, a"},{"speaker":"Erik van den Berg","startTime":9.66,"endTime":13.14,"body":"couple of things. So first of"},{"speaker":"Erik van den Berg","startTime":9.66,"endTime":13.14,"body":"all, it's a clinical asset in a"},{"speaker":"Erik van den Berg","startTime":13.14,"endTime":16.86,"body":"field that has a great medical"},{"speaker":"Erik van den Berg","startTime":13.14,"endTime":16.86,"body":"need, and it was already an"},{"speaker":"Erik van den Berg","startTime":16.86,"endTime":20.22,"body":"ongoing trial, just starting up"},{"speaker":"Erik van den Berg","startTime":16.86,"endTime":20.22,"body":"phase two. And that's"},{"speaker":"Erik van den Berg","startTime":20.22,"endTime":23.04,"body":"attractive, for me, because I"},{"speaker":"Erik van den Berg","startTime":20.22,"endTime":23.04,"body":"like to be able to be involved"},{"speaker":"Erik van den Berg","startTime":23.04,"endTime":26.625,"body":"there to see how you can shape"},{"speaker":"Erik van den Berg","startTime":23.04,"endTime":26.625,"body":"how you prepare for your next"},{"speaker":"Erik van den Berg","startTime":26.745,"endTime":29.985,"body":"regulatory interactions, to"},{"speaker":"Erik van den Berg","startTime":26.745,"endTime":29.985,"body":"really make this a phase"},{"speaker":"Erik van den Berg","startTime":29.985,"endTime":32.685,"body":"three-ready asset, and with"},{"speaker":"Erik van den Berg","startTime":29.985,"endTime":32.685,"body":"that, of course, a viable option"},{"speaker":"Erik van den Berg","startTime":32.685,"endTime":34.965,"body":"to get to the market. So that"},{"speaker":"Erik van den Berg","startTime":32.685,"endTime":34.965,"body":"was attractive. The unmet"},{"speaker":"Erik van den Berg","startTime":34.965,"endTime":37.425,"body":"medical needs, and also the"},{"speaker":"Erik van den Berg","startTime":34.965,"endTime":37.425,"body":"stage of development, I had"},{"speaker":"Erik van den Berg","startTime":37.425,"endTime":40.185,"body":"connectivity with the investor"},{"speaker":"Erik van den Berg","startTime":37.425,"endTime":40.185,"body":"base that provides, then, of"},{"speaker":"Erik van den Berg","startTime":40.185,"endTime":43.245,"body":"course, some transparency and"},{"speaker":"Erik van den Berg","startTime":40.185,"endTime":43.245,"body":"trust already, I think both"},{"speaker":"Erik van den Berg","startTime":43.245,"endTime":46.665,"body":"ways. So that's helpful. And"},{"speaker":"Erik van den Berg","startTime":43.245,"endTime":46.665,"body":"then when I met the team, I"},{"speaker":"Erik van den Berg","startTime":46.665,"endTime":50.01,"body":"really had a good connection"},{"speaker":"Erik van den Berg","startTime":46.665,"endTime":50.01,"body":"with them. So they seemed to be"},{"speaker":"Erik van den Berg","startTime":50.01,"endTime":54.63,"body":"super, you know, and they were"},{"speaker":"Erik van den Berg","startTime":50.01,"endTime":54.63,"body":"honest and involved and, you"},{"speaker":"Erik van den Berg","startTime":54.63,"endTime":57.09,"body":"know, passionate about what they"},{"speaker":"Erik van den Berg","startTime":54.63,"endTime":57.09,"body":"were doing. And they had come"},{"speaker":"Erik van den Berg","startTime":57.09,"endTime":61.05,"body":"through a pretty difficult time"},{"speaker":"Erik van den Berg","startTime":57.09,"endTime":61.05,"body":"as a company, like many"},{"speaker":"Erik van den Berg","startTime":61.05,"endTime":64.41,"body":"biotechs, right? It's difficult"},{"speaker":"Erik van den Berg","startTime":61.05,"endTime":64.41,"body":"to refinance, and sometimes you"},{"speaker":"Erik van den Berg","startTime":64.41,"endTime":66.57,"body":"get to the end of your cash"},{"speaker":"Erik van den Berg","startTime":64.41,"endTime":66.57,"body":"before you do it. But they"},{"speaker":"Erik van den Berg","startTime":66.57,"endTime":69.795,"body":"pulled through that and were"},{"speaker":"Erik van den Berg","startTime":66.57,"endTime":69.795,"body":"successful at that and I think"},{"speaker":"Erik van den Berg","startTime":69.795,"endTime":74.235,"body":"is a good test of a team pulling"},{"speaker":"Erik van den Berg","startTime":69.795,"endTime":74.235,"body":"together and delivering. So"},{"speaker":"Erik van den Berg","startTime":74.235,"endTime":78.675,"body":"there's a plus for me as well."},{"speaker":"Erik van den Berg","startTime":74.235,"endTime":78.675,"body":"And then what I also started"},{"speaker":"Erik van den Berg","startTime":78.675,"endTime":82.215,"body":"with the thought that I could"},{"speaker":"Erik van den Berg","startTime":78.675,"endTime":82.215,"body":"add value as well, based on my"},{"speaker":"Erik van den Berg","startTime":82.215,"endTime":85.395,"body":"experience translating companies"},{"speaker":"Erik van den Berg","startTime":82.215,"endTime":85.395,"body":"from earlier states to late"},{"speaker":"Erik van den Berg","startTime":85.395,"endTime":88.635,"body":"stage clinical development. So"},{"speaker":"Erik van den Berg","startTime":85.395,"endTime":88.635,"body":"that was sort of the key reasons"},{"speaker":"Erik van den Berg","startTime":88.635,"endTime":89.895,"body":"for me to decide the job Memo,"},{"speaker":"John Simboli","startTime":90.68,"endTime":94.4,"body":"Your background as"},{"speaker":"John Simboli","startTime":90.68,"endTime":94.4,"body":"a co-founder and as an executive"},{"speaker":"John Simboli","startTime":94.4,"endTime":98.6,"body":"chairman, and having been doing"},{"speaker":"John Simboli","startTime":94.4,"endTime":98.6,"body":"this for a while, would make me"},{"speaker":"John Simboli","startTime":98.6,"endTime":102.56,"body":"think that process could have"},{"speaker":"John Simboli","startTime":98.6,"endTime":102.56,"body":"taken some time because you had"},{"speaker":"John Simboli","startTime":102.56,"endTime":106.28,"body":"so many options, so much, so"},{"speaker":"John Simboli","startTime":102.56,"endTime":106.28,"body":"broad a view of what you might"},{"speaker":"John Simboli","startTime":106.28,"endTime":109.52,"body":"want to take on next. Was that"},{"speaker":"John Simboli","startTime":106.28,"endTime":109.52,"body":"the case? Or did it happen"},{"speaker":"John Simboli","startTime":109.52,"endTime":109.88,"body":"quickly?"},{"speaker":"Erik van den Berg","startTime":110.56,"endTime":113.08,"body":"I think it"},{"speaker":"Erik van den Berg","startTime":110.56,"endTime":113.08,"body":"happened quickly in the end. So"},{"speaker":"Erik van den Berg","startTime":113.26,"endTime":117.22,"body":"I decided to, in my previous"},{"speaker":"Erik van den Berg","startTime":113.26,"endTime":117.22,"body":"company, AM-Pharma, been there"},{"speaker":"Erik van den Berg","startTime":117.34,"endTime":121.66,"body":"15 years. I decided it was time"},{"speaker":"Erik van den Berg","startTime":117.34,"endTime":121.66,"body":"to do succession planning and to"},{"speaker":"Erik van den Berg","startTime":121.66,"endTime":124.72,"body":"work towards a handover to the"},{"speaker":"Erik van den Berg","startTime":121.66,"endTime":124.72,"body":"Chief Operating Officer. And"},{"speaker":"Erik van den Berg","startTime":124.72,"endTime":127.3,"body":"this was a process that we"},{"speaker":"Erik van den Berg","startTime":124.72,"endTime":127.3,"body":"aligned on with the board and"},{"speaker":"Erik van den Berg","startTime":127.36,"endTime":130.24,"body":"more or less prepared for a year"},{"speaker":"Erik van den Berg","startTime":127.36,"endTime":130.24,"body":"where we had restructured the"},{"speaker":"Erik van den Berg","startTime":130.24,"endTime":133.42,"body":"organization, refocused the"},{"speaker":"Erik van den Berg","startTime":130.24,"endTime":133.42,"body":"clinical trials, refinanced the"},{"speaker":"Erik van den Berg","startTime":133.465,"endTime":137.665,"body":"organization, and then I joined"},{"speaker":"Erik van den Berg","startTime":133.465,"endTime":137.665,"body":"the board so I can still help"},{"speaker":"Erik van den Berg","startTime":137.665,"endTime":141.805,"body":"and add value there. But also it"},{"speaker":"Erik van den Berg","startTime":137.665,"endTime":141.805,"body":"was a decision to finish that,"},{"speaker":"Erik van den Berg","startTime":142.165,"endTime":145.045,"body":"and then I start looking around."},{"speaker":"Erik van den Berg","startTime":142.165,"endTime":145.045,"body":"So I did not have this"},{"speaker":"Erik van den Berg","startTime":145.045,"endTime":149.965,"body":"opportunity, or any other lined"},{"speaker":"Erik van den Berg","startTime":145.045,"endTime":149.965,"body":"up, to have a concrete, seamless"},{"speaker":"Erik van den Berg","startTime":150.025,"endTime":153.745,"body":"transition. So it took about"},{"speaker":"Erik van den Berg","startTime":150.025,"endTime":153.745,"body":"three months for me to evaluate"},{"speaker":"Erik van den Berg","startTime":153.745,"endTime":157.63,"body":"multiple options, and it was"},{"speaker":"Erik van den Berg","startTime":153.745,"endTime":157.63,"body":"hard work in between two jobs,"},{"speaker":"Erik van den Berg","startTime":157.63,"endTime":159.97,"body":"there's lots that you can"},{"speaker":"Erik van den Berg","startTime":157.63,"endTime":159.97,"body":"evaluate. You want to make the"},{"speaker":"Erik van den Berg","startTime":159.97,"endTime":163.03,"body":"right choice. And then this one"},{"speaker":"Erik van den Berg","startTime":159.97,"endTime":163.03,"body":"seems, at least, for me"},{"speaker":"Erik van den Berg","startTime":163.03,"endTime":166.87,"body":"personally, the best fit based"},{"speaker":"Erik van den Berg","startTime":163.03,"endTime":166.87,"body":"on the previous criteria that I"},{"speaker":"Erik van den Berg","startTime":166.87,"endTime":170.59,"body":"just provided. And I have not"},{"speaker":"Erik van den Berg","startTime":166.87,"endTime":170.59,"body":"been disappointed on any of"},{"speaker":"Erik van den Berg","startTime":170.59,"endTime":175.15,"body":"these criteria. So it has been a"},{"speaker":"Erik van den Berg","startTime":170.59,"endTime":175.15,"body":"blessing to work with the team"},{"speaker":"Erik van den Berg","startTime":175.33,"endTime":178.044,"body":"and to be able to build on the"},{"speaker":"Erik van den Berg","startTime":175.33,"endTime":178.044,"body":"bases and expand it"},{"speaker":"Erik van den Berg","startTime":178.044,"endTime":178.063,"body":"significantly and also augment"},{"speaker":"Erik van den Berg","startTime":178.044,"endTime":178.063,"body":"the investor base and work"},{"speaker":"Erik van den Berg","startTime":178.063,"endTime":180.895,"body":"together closely with the board"},{"speaker":"Erik van den Berg","startTime":178.063,"endTime":180.895,"body":"and the investors to deliver on"},{"speaker":"Erik van den Berg","startTime":180.895,"endTime":185.275,"body":"the clinical trial results and"},{"speaker":"Erik van den Berg","startTime":180.895,"endTime":185.275,"body":"becoming more and more closely"},{"speaker":"Erik van den Berg","startTime":185.275,"endTime":187.555,"body":"involved with the patient"},{"speaker":"Erik van den Berg","startTime":185.275,"endTime":187.555,"body":"community, as well, along the"},{"speaker":"Erik van den Berg","startTime":187.555,"endTime":191.395,"body":"way. So this is a field in which"},{"speaker":"Erik van den Berg","startTime":187.555,"endTime":191.395,"body":"I have, of course, a pretty"},{"speaker":"Erik van den Berg","startTime":191.455,"endTime":195.715,"body":"active vested interest from the"},{"speaker":"Erik van den Berg","startTime":191.455,"endTime":195.715,"body":"patient perspective. It's in"},{"speaker":"Erik van den Berg","startTime":195.715,"endTime":199.195,"body":"transplantation. It's a well"},{"speaker":"Erik van den Berg","startTime":195.715,"endTime":199.195,"body":"connected field. Patient"},{"speaker":"Erik van den Berg","startTime":199.195,"endTime":202.3,"body":"organizations organize, for"},{"speaker":"Erik van den Berg","startTime":199.195,"endTime":202.3,"body":"example, you know, on an annual"},{"speaker":"Erik van den Berg","startTime":202.3,"endTime":206.08,"body":"basis, get together in the US,"},{"speaker":"Erik van den Berg","startTime":202.3,"endTime":206.08,"body":"as an example, where they do"},{"speaker":"Erik van den Berg","startTime":206.08,"endTime":209.38,"body":"sports together, as like Olympic"},{"speaker":"Erik van den Berg","startTime":206.08,"endTime":209.38,"body":"Games for transplants to their"},{"speaker":"Erik van den Berg","startTime":209.38,"endTime":213.4,"body":"patients. So it has been very"},{"speaker":"Erik van den Berg","startTime":209.38,"endTime":213.4,"body":"much a joy to be working in this"},{"speaker":"Erik van den Berg","startTime":213.4,"endTime":217.0,"body":"field and contributing, indeed,"},{"speaker":"Erik van den Berg","startTime":213.4,"endTime":217.0,"body":"to providing a solution for"},{"speaker":"Erik van den Berg","startTime":217.0,"endTime":220.6,"body":"patients that have a BK virus"},{"speaker":"Erik van den Berg","startTime":217.0,"endTime":220.6,"body":"infection after transplantation."},{"speaker":"John Simboli","startTime":221.26,"endTime":223.9,"body":"In that sifting,"},{"speaker":"John Simboli","startTime":221.26,"endTime":223.9,"body":"those three months that you"},{"speaker":"John Simboli","startTime":223.9,"endTime":228.7,"body":"described, is it more like"},{"speaker":"John Simboli","startTime":223.9,"endTime":228.7,"body":"eventually finding the right"},{"speaker":"John Simboli","startTime":228.7,"endTime":232.18,"body":"fit, or is it anything like"},{"speaker":"John Simboli","startTime":228.7,"endTime":232.18,"body":"falling in love, like as one"},{"speaker":"John Simboli","startTime":232.18,"endTime":236.08,"body":"falls in love with an idea as a"},{"speaker":"John Simboli","startTime":232.18,"endTime":236.08,"body":"student and in life? I mean,"},{"speaker":"John Simboli","startTime":236.14,"endTime":237.22,"body":"what's that like?"},{"speaker":"Erik van den Berg","startTime":237.78,"endTime":239.82,"body":"Your mind"},{"speaker":"Erik van den Berg","startTime":237.78,"endTime":239.82,"body":"starts to work in a certain way,"},{"speaker":"Erik van den Berg","startTime":239.82,"endTime":242.34,"body":"right? You're only looking for,"},{"speaker":"Erik van den Berg","startTime":239.82,"endTime":242.34,"body":"I guess, affirmatory stuff,"},{"speaker":"Erik van den Berg","startTime":242.82,"endTime":245.46,"body":"confirmatory stuff, at a certain"},{"speaker":"Erik van den Berg","startTime":242.82,"endTime":245.46,"body":"moment in time that you think,"},{"speaker":"Erik van den Berg","startTime":245.46,"endTime":247.98,"body":"okay, yeah, no, no, this is,"},{"speaker":"Erik van den Berg","startTime":245.46,"endTime":247.98,"body":"this is the best opportunity"},{"speaker":"Erik van den Berg","startTime":248.22,"endTime":250.86,"body":"because of these reasons. And"},{"speaker":"Erik van den Berg","startTime":248.22,"endTime":250.86,"body":"you spend more and more time on"},{"speaker":"Erik van den Berg","startTime":250.86,"endTime":253.44,"body":"that, you dig into the subject"},{"speaker":"Erik van den Berg","startTime":250.86,"endTime":253.44,"body":"more and more, you read more"},{"speaker":"Erik van den Berg","startTime":253.44,"endTime":256.62,"body":"articles, you speak with more"},{"speaker":"Erik van den Berg","startTime":253.44,"endTime":256.62,"body":"people, and then it becomes a"},{"speaker":"Erik van den Berg","startTime":256.62,"endTime":259.2,"body":"little bit of a self-fulfilling"},{"speaker":"Erik van den Berg","startTime":256.62,"endTime":259.2,"body":"prophecy, I think, in the end."},{"speaker":"Erik van den Berg","startTime":259.2,"endTime":262.725,"body":"So maybe that's called falling"},{"speaker":"Erik van den Berg","startTime":259.2,"endTime":262.725,"body":"in love, but, yeah, it's, it's"},{"speaker":"Erik van den Berg","startTime":262.725,"endTime":264.585,"body":"how it works, right? So"},{"speaker":"Erik van den Berg","startTime":262.725,"endTime":264.585,"body":"apparently, that's where the"},{"speaker":"Erik van den Berg","startTime":264.585,"endTime":266.985,"body":"heart goes, that's where your"},{"speaker":"Erik van den Berg","startTime":264.585,"endTime":266.985,"body":"time goes. Then you feel"},{"speaker":"Erik van den Berg","startTime":266.985,"endTime":269.805,"body":"comfortable with the choice that"},{"speaker":"Erik van den Berg","startTime":266.985,"endTime":269.805,"body":"you're making. But there's so"},{"speaker":"Erik van den Berg","startTime":269.805,"endTime":273.945,"body":"much fun things to do, I think,"},{"speaker":"Erik van den Berg","startTime":269.805,"endTime":273.945,"body":"in biotech, right? So it's also"},{"speaker":"Erik van den Berg","startTime":273.945,"endTime":277.785,"body":"a little bit being a kid in a"},{"speaker":"Erik van den Berg","startTime":273.945,"endTime":277.785,"body":"candy shop, and would love to do"},{"speaker":"Erik van den Berg","startTime":277.845,"endTime":280.545,"body":"multiple things in parallel, but"},{"speaker":"Erik van den Berg","startTime":277.845,"endTime":280.545,"body":"that's not how it works, right?"},{"speaker":"Erik van den Berg","startTime":280.545,"endTime":284.37,"body":"If you are Chief Executive"},{"speaker":"Erik van den Berg","startTime":280.545,"endTime":284.37,"body":"Officer, you have to focus,"},{"speaker":"Erik van den Berg","startTime":284.37,"endTime":286.83,"body":"indeed, on one thing that you"},{"speaker":"Erik van den Berg","startTime":284.37,"endTime":286.83,"body":"can lead at the same time,"},{"speaker":"Erik van den Berg","startTime":286.83,"endTime":289.47,"body":"especially when it's in later"},{"speaker":"Erik van den Berg","startTime":286.83,"endTime":289.47,"body":"stage clinical development."},{"speaker":"Erik van den Berg","startTime":289.59,"endTime":292.23,"body":"There's so many choices to be"},{"speaker":"Erik van den Berg","startTime":289.59,"endTime":292.23,"body":"made. There's so many nuances to"},{"speaker":"Erik van den Berg","startTime":292.23,"endTime":295.83,"body":"be understood, and that's where"},{"speaker":"Erik van den Berg","startTime":292.23,"endTime":295.83,"body":"you have to add your value by"},{"speaker":"Erik van den Berg","startTime":295.95,"endTime":299.25,"body":"putting on your, you know, your"},{"speaker":"Erik van den Berg","startTime":295.95,"endTime":299.25,"body":"boots and being in the mud"},{"speaker":"Erik van den Berg","startTime":299.25,"endTime":301.17,"body":"together with the team and then"},{"speaker":"Erik van den Berg","startTime":299.25,"endTime":301.17,"body":"making it happen."},{"speaker":"John Simboli","startTime":301.83,"endTime":303.75,"body":"When you're"},{"speaker":"John Simboli","startTime":301.83,"endTime":303.75,"body":"building your team around you,"},{"speaker":"John Simboli","startTime":304.23,"endTime":308.295,"body":"I'm guessing that, the question"},{"speaker":"John Simboli","startTime":304.23,"endTime":308.295,"body":"comes up, well, how secure is"},{"speaker":"John Simboli","startTime":308.295,"endTime":312.255,"body":"this? So how does someone who"},{"speaker":"John Simboli","startTime":308.295,"endTime":312.255,"body":"understands that and has been"},{"speaker":"John Simboli","startTime":312.255,"endTime":314.775,"body":"doing it for a while, how do you"},{"speaker":"John Simboli","startTime":312.255,"endTime":314.775,"body":"address that? How do you explain"},{"speaker":"John Simboli","startTime":314.775,"endTime":315.675,"body":"that to people?"},{"speaker":"Erik van den Berg","startTime":316.08,"endTime":319.38,"body":"I don't think"},{"speaker":"Erik van den Berg","startTime":316.08,"endTime":319.38,"body":"I've ever hired a senior from"},{"speaker":"Erik van den Berg","startTime":319.38,"endTime":323.52,"body":"pharma without having some level"},{"speaker":"Erik van den Berg","startTime":319.38,"endTime":323.52,"body":"of experience in a smaller"},{"speaker":"Erik van den Berg","startTime":323.52,"endTime":327.06,"body":"outfit or an entrepreneurial"},{"speaker":"Erik van den Berg","startTime":323.52,"endTime":327.06,"body":"role, and it doesn't need to be"},{"speaker":"Erik van den Berg","startTime":327.06,"endTime":332.16,"body":"a biotech company. But I think,"},{"speaker":"Erik van den Berg","startTime":327.06,"endTime":332.16,"body":"I like people to then have shown"},{"speaker":"Erik van den Berg","startTime":332.16,"endTime":336.3,"body":"next to, of course, all the"},{"speaker":"Erik van den Berg","startTime":332.16,"endTime":336.3,"body":"knowledge and capabilities that"},{"speaker":"Erik van den Berg","startTime":336.3,"endTime":337.946,"body":"will come with the exposure that"},{"speaker":"Erik van den Berg","startTime":336.3,"endTime":337.946,"body":"you had in a large company. I"},{"speaker":"Erik van den Berg","startTime":337.946,"endTime":341.685,"body":"would like to see that people"},{"speaker":"Erik van den Berg","startTime":337.946,"endTime":341.685,"body":"know what they're getting into."},{"speaker":"Erik van den Berg","startTime":341.925,"endTime":346.185,"body":"And if you haven't been exposed"},{"speaker":"Erik van den Berg","startTime":341.925,"endTime":346.185,"body":"to being in the dirt, as we are"},{"speaker":"Erik van den Berg","startTime":346.305,"endTime":350.025,"body":"in a biotech company, but it can"},{"speaker":"Erik van den Berg","startTime":346.305,"endTime":350.025,"body":"be also in an entrepreneurial"},{"speaker":"Erik van den Berg","startTime":350.025,"endTime":355.185,"body":"role, then it's hardly a recipe"},{"speaker":"Erik van den Berg","startTime":350.025,"endTime":355.185,"body":"for success. So typically, you"},{"speaker":"Erik van den Berg","startTime":355.185,"endTime":360.225,"body":"deselect all people that had"},{"speaker":"Erik van den Berg","startTime":355.185,"endTime":360.225,"body":"20-25 years of experience solely"},{"speaker":"Erik van den Berg","startTime":360.525,"endTime":363.63,"body":"in one or two single large"},{"speaker":"Erik van den Berg","startTime":360.525,"endTime":363.63,"body":"pharmas. It's difficult to be"},{"speaker":"Erik van den Berg","startTime":363.69,"endTime":366.63,"body":"happy, that such a person will"},{"speaker":"Erik van den Berg","startTime":363.69,"endTime":366.63,"body":"be happy in the environment that"},{"speaker":"Erik van den Berg","startTime":366.63,"endTime":371.13,"body":"we're operating. I've worked at"},{"speaker":"Erik van den Berg","startTime":366.63,"endTime":371.13,"body":"larger pharma, as well, but"},{"speaker":"Erik van den Berg","startTime":371.13,"endTime":374.49,"body":"before I worked in biotech,"},{"speaker":"Erik van den Berg","startTime":371.13,"endTime":374.49,"body":"before I joined larger pharma,"},{"speaker":"Erik van den Berg","startTime":374.49,"endTime":378.51,"body":"and I've worked in consulting,"},{"speaker":"Erik van den Berg","startTime":374.49,"endTime":378.51,"body":"so I know that I like to work in"},{"speaker":"Erik van den Berg","startTime":378.51,"endTime":381.57,"body":"the smaller company settings. So"},{"speaker":"Erik van den Berg","startTime":378.51,"endTime":381.57,"body":"that's for me, something that"},{"speaker":"Erik van den Berg","startTime":381.57,"endTime":384.81,"body":"works. I want to be involved,"},{"speaker":"Erik van den Berg","startTime":381.57,"endTime":384.81,"body":"which typically means, if you"},{"speaker":"Erik van den Berg","startTime":384.855,"endTime":387.855,"body":"are in the CEO role, then"},{"speaker":"Erik van den Berg","startTime":384.855,"endTime":387.855,"body":"you're, of course, super"},{"speaker":"Erik van den Berg","startTime":387.855,"endTime":390.255,"body":"involved, right? You're not on"},{"speaker":"Erik van den Berg","startTime":387.855,"endTime":390.255,"body":"the sideline, and you can"},{"speaker":"Erik van den Berg","startTime":390.255,"endTime":394.635,"body":"oversee all aspects and help"},{"speaker":"Erik van den Berg","startTime":390.255,"endTime":394.635,"body":"direct where we're going on all"},{"speaker":"Erik van den Berg","startTime":394.635,"endTime":399.015,"body":"these avenues. So for me, that"},{"speaker":"Erik van den Berg","startTime":394.635,"endTime":399.015,"body":"is very satisfactorily to be"},{"speaker":"Erik van den Berg","startTime":399.015,"endTime":401.715,"body":"involved with that. But it"},{"speaker":"Erik van den Berg","startTime":399.015,"endTime":401.715,"body":"hasn't been a super, say,"},{"speaker":"conscious process","startTime":402.075,"endTime":405.075,"body":"I want to"},{"speaker":"conscious process","startTime":402.075,"endTime":405.075,"body":"become a CEO of a biotech"},{"speaker":"conscious process","startTime":405.075,"endTime":407.895,"body":"company. That's not where, when"},{"speaker":"conscious process","startTime":405.075,"endTime":407.895,"body":"I finished my secondary school,"},{"speaker":"conscious process","startTime":407.895,"endTime":410.1,"body":"thought that's where I got to"},{"speaker":"conscious process","startTime":407.895,"endTime":410.1,"body":"end up. I didn't even know what"},{"speaker":"conscious process","startTime":410.1,"endTime":414.0,"body":"biotech was. In the end, of"},{"speaker":"conscious process","startTime":410.1,"endTime":414.0,"body":"course, saw the complexity, it"},{"speaker":"conscious process","startTime":414.0,"endTime":417.3,"body":"came on my path relatively early"},{"speaker":"conscious process","startTime":414.0,"endTime":417.3,"body":"in my career, when I was a"},{"speaker":"conscious process","startTime":417.3,"endTime":421.8,"body":"consultant at Arthur D. Little,"},{"speaker":"conscious process","startTime":417.3,"endTime":421.8,"body":"we consulted lots of pharma and"},{"speaker":"conscious process","startTime":421.8,"endTime":424.86,"body":"chemical companies, and"},{"speaker":"conscious process","startTime":421.8,"endTime":424.86,"body":"eventually also biotech"},{"speaker":"conscious process","startTime":424.86,"endTime":428.64,"body":"companies, to develop their"},{"speaker":"conscious process","startTime":424.86,"endTime":428.64,"body":"strategy and where to focus your"},{"speaker":"conscious process","startTime":428.64,"endTime":431.58,"body":"R\u0026D efforts. And that's"},{"speaker":"conscious process","startTime":428.64,"endTime":431.58,"body":"basically the moment that I"},{"speaker":"conscious process","startTime":431.58,"endTime":436.125,"body":"started to fall in love with the"},{"speaker":"conscious process","startTime":431.58,"endTime":436.125,"body":"biotech sector, because it's so"},{"speaker":"conscious process","startTime":436.125,"endTime":440.145,"body":"much about innovation, and you"},{"speaker":"conscious process","startTime":436.125,"endTime":440.145,"body":"work on a global scale, it's"},{"speaker":"conscious process","startTime":440.145,"endTime":444.585,"body":"super complex, and of course,"},{"speaker":"conscious process","startTime":440.145,"endTime":444.585,"body":"there's that doing good element"},{"speaker":"conscious process","startTime":444.645,"endTime":448.305,"body":"of it, as well. You're, at least"},{"speaker":"conscious process","startTime":444.645,"endTime":448.305,"body":"in most of the biotech"},{"speaker":"conscious process","startTime":448.485,"endTime":451.785,"body":"companies, we're focusing on"},{"speaker":"conscious process","startTime":448.485,"endTime":451.785,"body":"unmet medical needs or really"},{"speaker":"conscious process","startTime":451.785,"endTime":455.79,"body":"trying to solve real problems"},{"speaker":"conscious process","startTime":451.785,"endTime":455.79,"body":"with, you know, cool science."},{"speaker":"conscious process","startTime":456.33,"endTime":457.95,"body":"Well, what can be better than"},{"speaker":"conscious process","startTime":456.33,"endTime":457.95,"body":"that?"},{"speaker":"John Simboli","startTime":458.79,"endTime":461.01,"body":"As you can"},{"speaker":"John Simboli","startTime":458.79,"endTime":461.01,"body":"remember, when you were younger,"},{"speaker":"John Simboli","startTime":461.01,"endTime":463.71,"body":"and you were in those formative"},{"speaker":"John Simboli","startTime":461.01,"endTime":463.71,"body":"years, and you had this idea of"},{"speaker":"John Simboli","startTime":463.77,"endTime":466.47,"body":"what, someday, your life would"},{"speaker":"John Simboli","startTime":463.77,"endTime":466.47,"body":"be like. Did it have anything to"},{"speaker":"John Simboli","startTime":466.47,"endTime":468.33,"body":"do with what this life turned"},{"speaker":"John Simboli","startTime":466.47,"endTime":468.33,"body":"out to be?"},{"speaker":"Erik van den Berg","startTime":469.02,"endTime":471.06,"body":"On a higher"},{"speaker":"Erik van den Berg","startTime":469.02,"endTime":471.06,"body":"level, I guess, yes. So when I"},{"speaker":"Erik van den Berg","startTime":471.06,"endTime":475.14,"body":"was young, what I can remember,"},{"speaker":"Erik van den Berg","startTime":471.06,"endTime":475.14,"body":"at least, is that I wanted to"},{"speaker":"Erik van den Berg","startTime":475.14,"endTime":478.5,"body":"become a vet. That was the"},{"speaker":"Erik van den Berg","startTime":475.14,"endTime":478.5,"body":"original thought. I think that"},{"speaker":"Erik van den Berg","startTime":479.04,"endTime":483.54,"body":"vaporized somewhere later on, so"},{"speaker":"Erik van den Berg","startTime":479.04,"endTime":483.54,"body":"never returned to that original"},{"speaker":"Erik van den Berg","startTime":483.54,"endTime":490.26,"body":"idea. But I was fascinated by"},{"speaker":"Erik van den Berg","startTime":483.54,"endTime":490.26,"body":"biology, by nature. And I guess"},{"speaker":"Erik van den Berg","startTime":490.26,"endTime":493.965,"body":"I've watched the entire sequels"},{"speaker":"Erik van den Berg","startTime":490.26,"endTime":493.965,"body":"of David Attenborough when I was"},{"speaker":"Erik van den Berg","startTime":493.965,"endTime":497.205,"body":"very young. At the same time,"},{"speaker":"Erik van den Berg","startTime":493.965,"endTime":497.205,"body":"maybe a little bit older, I"},{"speaker":"Erik van den Berg","startTime":497.205,"endTime":500.505,"body":"spelled out the economic section"},{"speaker":"Erik van den Berg","startTime":497.205,"endTime":500.505,"body":"of a newspaper because I wanted"},{"speaker":"Erik van den Berg","startTime":500.505,"endTime":503.385,"body":"to understand how the world"},{"speaker":"Erik van den Berg","startTime":500.505,"endTime":503.385,"body":"works, right? And I guess the"},{"speaker":"Erik van den Berg","startTime":503.385,"endTime":507.045,"body":"world of money dictates a lot"},{"speaker":"Erik van den Berg","startTime":503.385,"endTime":507.045,"body":"what happens in the world. How"},{"speaker":"Erik van den Berg","startTime":507.045,"endTime":510.525,"body":"are decisions made? You know,"},{"speaker":"Erik van den Berg","startTime":507.045,"endTime":510.525,"body":"how do power balances work out?"},{"speaker":"Erik van den Berg","startTime":510.585,"endTime":515.49,"body":"So on that higher level you"},{"speaker":"Erik van den Berg","startTime":510.585,"endTime":515.49,"body":"think about, where I'm now from,"},{"speaker":"Erik van den Berg","startTime":515.67,"endTime":518.91,"body":"everywhere that was interested"},{"speaker":"Erik van den Berg","startTime":515.67,"endTime":518.91,"body":"in as a kid. You know, it's"},{"speaker":"Erik van den Berg","startTime":518.91,"endTime":523.41,"body":"still a combination of"},{"speaker":"Erik van den Berg","startTime":518.91,"endTime":523.41,"body":"fascination with biology and"},{"speaker":"Erik van den Berg","startTime":524.61,"endTime":527.55,"body":"making sure that the financing"},{"speaker":"Erik van den Berg","startTime":524.61,"endTime":527.55,"body":"works as well, right? It is an"},{"speaker":"Erik van den Berg","startTime":527.55,"endTime":530.13,"body":"enterprise. In the end, we need"},{"speaker":"Erik van den Berg","startTime":527.55,"endTime":530.13,"body":"to make sure it has a business"},{"speaker":"Erik van den Berg","startTime":530.13,"endTime":532.71,"body":"model. Somebody wants to put"},{"speaker":"Erik van den Berg","startTime":530.13,"endTime":532.71,"body":"money in it. So we have to"},{"speaker":"Erik van den Berg","startTime":532.71,"endTime":535.41,"body":"believe in the vision that is"},{"speaker":"Erik van den Berg","startTime":532.71,"endTime":535.41,"body":"there for a company, and that"},{"speaker":"Erik van den Berg","startTime":535.41,"endTime":538.995,"body":"there is a product at the end of"},{"speaker":"Erik van den Berg","startTime":535.41,"endTime":538.995,"body":"the pipeline where you go"},{"speaker":"Erik van den Berg","startTime":538.995,"endTime":542.715,"body":"through the development steps."},{"speaker":"Erik van den Berg","startTime":538.995,"endTime":542.715,"body":"So it's kind of that connection"},{"speaker":"Erik van den Berg","startTime":542.715,"endTime":546.795,"body":"of the two basic interests that"},{"speaker":"Erik van den Berg","startTime":542.715,"endTime":546.795,"body":"I already experienced relatively"},{"speaker":"Erik van den Berg","startTime":546.795,"endTime":547.275,"body":"early in life."},{"speaker":"John Simboli","startTime":548.14,"endTime":550.36,"body":"From my vantage"},{"speaker":"John Simboli","startTime":548.14,"endTime":550.36,"body":"point, being on the branding"},{"speaker":"John Simboli","startTime":550.36,"endTime":556.96,"body":"side, I observe that scientists"},{"speaker":"John Simboli","startTime":550.36,"endTime":556.96,"body":"work in an area of life where"},{"speaker":"John Simboli","startTime":557.08,"endTime":562.0,"body":"facts matter, and I also see"},{"speaker":"John Simboli","startTime":557.08,"endTime":562.0,"body":"that when dealing with, that"},{"speaker":"John Simboli","startTime":562.0,"endTime":565.06,"body":"those facts change quickly, and"},{"speaker":"John Simboli","startTime":562.0,"endTime":565.06,"body":"so there's an inherent kind of"},{"speaker":"John Simboli","startTime":565.06,"endTime":569.38,"body":"chaotic aspect to working in"},{"speaker":"John Simboli","startTime":565.06,"endTime":569.38,"body":"biopharma. And I also see that"},{"speaker":"John Simboli","startTime":569.38,"endTime":572.185,"body":"people who have a background"},{"speaker":"John Simboli","startTime":569.38,"endTime":572.185,"body":"economics can see things in a"},{"speaker":"John Simboli","startTime":572.185,"endTime":575.005,"body":"broader, longer timeline, and"},{"speaker":"John Simboli","startTime":572.185,"endTime":575.005,"body":"they can try and make sense out"},{"speaker":"John Simboli","startTime":575.005,"endTime":579.865,"body":"of them. So how does one have an"},{"speaker":"John Simboli","startTime":575.005,"endTime":579.865,"body":"orderly mind as a scientist and"},{"speaker":"John Simboli","startTime":579.865,"endTime":584.725,"body":"also deal with the disorder of"},{"speaker":"John Simboli","startTime":579.865,"endTime":584.725,"body":"things changing all the time?"},{"speaker":"Erik van den Berg","startTime":584.0,"endTime":587.9,"body":"Yes, but"},{"speaker":"Erik van den Berg","startTime":584.0,"endTime":587.9,"body":"there are signs in disorder or"},{"speaker":"Erik van den Berg","startTime":587.96,"endTime":592.58,"body":"complexity as well. It's about,"},{"speaker":"Erik van den Berg","startTime":587.96,"endTime":592.58,"body":"then seeing, more or less the"},{"speaker":"Erik van den Berg","startTime":592.7,"endTime":596.96,"body":"general rules that apply, that"},{"speaker":"Erik van den Berg","startTime":592.7,"endTime":596.96,"body":"you can create at least some"},{"speaker":"Erik van den Berg","startTime":596.96,"endTime":600.68,"body":"order in that chaos. It's not"},{"speaker":"Erik van den Berg","startTime":596.96,"endTime":600.68,"body":"very easy to done, of course,"},{"speaker":"Erik van den Berg","startTime":600.8,"endTime":605.06,"body":"all sorts of details. At least,"},{"speaker":"Erik van den Berg","startTime":600.8,"endTime":605.06,"body":"what works for me is keeping in"},{"speaker":"Erik van den Berg","startTime":605.06,"endTime":609.725,"body":"mind what the bigger picture is,"},{"speaker":"Erik van den Berg","startTime":605.06,"endTime":609.725,"body":"so that you have a very clear"},{"speaker":"Erik van den Berg","startTime":609.725,"endTime":614.585,"body":"vision of where we're going to."},{"speaker":"Erik van den Berg","startTime":609.725,"endTime":614.585,"body":"In my mind, that's not a single"},{"speaker":"Erik van den Berg","startTime":614.585,"endTime":617.885,"body":"point, right? There's"},{"speaker":"Erik van den Berg","startTime":614.585,"endTime":617.885,"body":"optionalities of what might be"},{"speaker":"Erik van den Berg","startTime":617.885,"endTime":621.905,"body":"but what might need to happen in"},{"speaker":"Erik van den Berg","startTime":617.885,"endTime":621.905,"body":"between. Of course, our end goal"},{"speaker":"Erik van den Berg","startTime":621.905,"endTime":625.805,"body":"is clear. I want to get this"},{"speaker":"Erik van den Berg","startTime":621.905,"endTime":625.805,"body":"drug approved and then being"},{"speaker":"Erik van den Berg","startTime":625.805,"endTime":628.865,"body":"able to help patients. And okay,"},{"speaker":"Erik van den Berg","startTime":625.805,"endTime":628.865,"body":"then you break it down on what"},{"speaker":"Erik van den Berg","startTime":628.865,"endTime":631.91,"body":"the steps are in between. But"},{"speaker":"Erik van den Berg","startTime":628.865,"endTime":631.91,"body":"the road to these steps can be"},{"speaker":"Erik van den Berg","startTime":631.91,"endTime":634.91,"body":"different, right? So you work on"},{"speaker":"Erik van den Berg","startTime":631.91,"endTime":634.91,"body":"optionality, you work on"},{"speaker":"Erik van den Berg","startTime":634.91,"endTime":637.55,"body":"potential scenarios that might"},{"speaker":"Erik van den Berg","startTime":634.91,"endTime":637.55,"body":"happen, and then you're kind of"},{"speaker":"Erik van den Berg","startTime":637.55,"endTime":641.33,"body":"in this stream that is a river"},{"speaker":"Erik van den Berg","startTime":637.55,"endTime":641.33,"body":"of, we don't change the river,"},{"speaker":"Erik van den Berg","startTime":641.33,"endTime":644.21,"body":"but we can change the course of"},{"speaker":"Erik van den Berg","startTime":641.33,"endTime":644.21,"body":"where we're, you know, in our"},{"speaker":"Erik van den Berg","startTime":644.21,"endTime":647.45,"body":"boat on that river. And that's,"},{"speaker":"Erik van den Berg","startTime":644.21,"endTime":647.45,"body":"I think, where you have to focus"},{"speaker":"Erik van den Berg","startTime":647.45,"endTime":649.73,"body":"on. So what are the things that"},{"speaker":"Erik van den Berg","startTime":647.45,"endTime":649.73,"body":"you can change in an"},{"speaker":"Erik van den Berg","startTime":649.73,"endTime":653.75,"body":"organization? It's very helpful"},{"speaker":"Erik van den Berg","startTime":649.73,"endTime":653.75,"body":"if there's a right culture in"},{"speaker":"Erik van den Berg","startTime":653.75,"endTime":657.095,"body":"place, which makes, then, life"},{"speaker":"Erik van den Berg","startTime":653.75,"endTime":657.095,"body":"much easier for everybody. If"},{"speaker":"Erik van den Berg","startTime":657.095,"endTime":659.975,"body":"we're kind of speaking the same"},{"speaker":"Erik van den Berg","startTime":657.095,"endTime":659.975,"body":"language, which means that at"},{"speaker":"Erik van den Berg","startTime":659.975,"endTime":664.415,"body":"the moment, there is structure"},{"speaker":"Erik van den Berg","startTime":659.975,"endTime":664.415,"body":"so we know what we're going to"},{"speaker":"Erik van den Berg","startTime":664.475,"endTime":667.715,"body":"discuss at what points in times,"},{"speaker":"Erik van den Berg","startTime":664.475,"endTime":667.715,"body":"right? On a meeting structure or"},{"speaker":"Erik van den Berg","startTime":667.715,"endTime":670.415,"body":"company meeting sharing"},{"speaker":"Erik van den Berg","startTime":667.715,"endTime":670.415,"body":"information, if everybody knows,"},{"speaker":"Erik van den Berg","startTime":670.775,"endTime":674.135,"body":"hopefully they will get their"},{"speaker":"Erik van den Berg","startTime":670.775,"endTime":674.135,"body":"information, ability to input"},{"speaker":"Erik van den Berg","startTime":674.135,"endTime":677.24,"body":"and, you know, discuss things."},{"speaker":"Erik van den Berg","startTime":674.135,"endTime":677.24,"body":"And at the same time, we have"},{"speaker":"Erik van den Berg","startTime":677.24,"endTime":680.42,"body":"these rules, which is our"},{"speaker":"Erik van den Berg","startTime":677.24,"endTime":680.42,"body":"culture, which provides also"},{"speaker":"Erik van den Berg","startTime":680.42,"endTime":683.54,"body":"certainty, I think, on how we"},{"speaker":"Erik van den Berg","startTime":680.42,"endTime":683.54,"body":"interact with each other and"},{"speaker":"Erik van den Berg","startTime":683.9,"endTime":690.08,"body":"what we are aiming to be. And"},{"speaker":"Erik van den Berg","startTime":683.9,"endTime":690.08,"body":"that can also provide order or"},{"speaker":"Erik van den Berg","startTime":690.08,"endTime":696.74,"body":"certainty or solid ground in a"},{"speaker":"Erik van den Berg","startTime":690.08,"endTime":696.74,"body":"world that is super changeable,"},{"speaker":"Erik van den Berg","startTime":696.74,"endTime":699.62,"body":"especially in biotech, right"},{"speaker":"Erik van den Berg","startTime":696.74,"endTime":699.62,"body":"there's lots of events that"},{"speaker":"Erik van den Berg","startTime":699.62,"endTime":703.205,"body":"happen, either outside of the"},{"speaker":"Erik van den Berg","startTime":699.62,"endTime":703.205,"body":"company or in your programs."},{"speaker":"Erik van den Berg","startTime":704.045,"endTime":708.185,"body":"It's early science that you"},{"speaker":"Erik van den Berg","startTime":704.045,"endTime":708.185,"body":"cannot predict, and then, yes,"},{"speaker":"Erik van den Berg","startTime":708.305,"endTime":711.905,"body":"you have to step back, reflect"},{"speaker":"Erik van den Berg","startTime":708.305,"endTime":711.905,"body":"and make decisions."},{"speaker":"John Simboli","startTime":712.205,"endTime":715.625,"body":"What are the"},{"speaker":"John Simboli","startTime":712.205,"endTime":715.625,"body":"elements of culture at Memo that"},{"speaker":"John Simboli","startTime":715.625,"endTime":717.065,"body":"help you to make that happen?"},{"speaker":"Erik van den Berg","startTime":717.66,"endTime":719.58,"body":"Well, one"},{"speaker":"Erik van den Berg","startTime":717.66,"endTime":719.58,"body":"thing I think is important is"},{"speaker":"Erik van den Berg","startTime":719.64,"endTime":724.02,"body":"that we we embrace, say, the"},{"speaker":"Erik van den Berg","startTime":719.64,"endTime":724.02,"body":"collaborative mindset. I have"},{"speaker":"Erik van den Berg","startTime":724.02,"endTime":726.78,"body":"not experienced here that people"},{"speaker":"Erik van den Berg","startTime":724.02,"endTime":726.78,"body":"will say, Well, you know, that's"},{"speaker":"Erik van den Berg","startTime":726.78,"endTime":730.5,"body":"not in my wheelhouse. It's"},{"speaker":"Erik van den Berg","startTime":726.78,"endTime":730.5,"body":"somebody else that needs to do"},{"speaker":"Erik van den Berg","startTime":730.5,"endTime":735.48,"body":"it. And I think that's because"},{"speaker":"Erik van den Berg","startTime":730.5,"endTime":735.48,"body":"the overall objective is clear,"},{"speaker":"Erik van den Berg","startTime":735.48,"endTime":738.72,"body":"the goal. So that's really a"},{"speaker":"Erik van den Berg","startTime":735.48,"endTime":738.72,"body":"helpful part of our culture. We"},{"speaker":"Erik van den Berg","startTime":738.72,"endTime":744.645,"body":"really embrace quality our"},{"speaker":"Erik van den Berg","startTime":738.72,"endTime":744.645,"body":"output, because it's just"},{"speaker":"Erik van den Berg","startTime":744.885,"endTime":748.545,"body":"professionally, it is fairly"},{"speaker":"Erik van den Berg","startTime":744.885,"endTime":748.545,"body":"satisfactory, right, if you can"},{"speaker":"Erik van den Berg","startTime":748.545,"endTime":752.265,"body":"do it in the appropriate way."},{"speaker":"Erik van den Berg","startTime":748.545,"endTime":752.265,"body":"And then, just as another"},{"speaker":"Erik van den Berg","startTime":752.265,"endTime":756.105,"body":"example, there are more cultural"},{"speaker":"Erik van den Berg","startTime":752.265,"endTime":756.105,"body":"traits that we that we have, but"},{"speaker":"Erik van den Berg","startTime":756.165,"endTime":760.605,"body":"the desire to make impact. And"},{"speaker":"Erik van den Berg","startTime":756.165,"endTime":760.605,"body":"so we want to focus on the"},{"speaker":"Erik van den Berg","startTime":760.605,"endTime":766.17,"body":"things that can really have a"},{"speaker":"Erik van den Berg","startTime":760.605,"endTime":766.17,"body":"big change, right? So, and the"},{"speaker":"Erik van den Berg","startTime":766.17,"endTime":769.77,"body":"BK program that we're working on"},{"speaker":"Erik van den Berg","startTime":766.17,"endTime":769.77,"body":"in transplantation is, of"},{"speaker":"Erik van den Berg","startTime":769.77,"endTime":773.61,"body":"course, a clear example of that,"},{"speaker":"Erik van den Berg","startTime":769.77,"endTime":773.61,"body":"where we're the furthest along,"},{"speaker":"Erik van den Berg","startTime":773.79,"endTime":777.33,"body":"at the farthest in development."},{"speaker":"Erik van den Berg","startTime":773.79,"endTime":777.33,"body":"We've done a pretty large study"},{"speaker":"Erik van den Berg","startTime":777.33,"endTime":781.53,"body":"for being mid clinical stage,"},{"speaker":"Erik van den Berg","startTime":777.33,"endTime":781.53,"body":"and there's nothing out there on"},{"speaker":"Erik van den Berg","startTime":781.53,"endTime":786.75,"body":"the market, right? And if you"},{"speaker":"Erik van den Berg","startTime":781.53,"endTime":786.75,"body":"have a BK virus infection, then"},{"speaker":"Erik van den Berg","startTime":786.75,"endTime":790.815,"body":"the outlook is that you double"},{"speaker":"Erik van den Berg","startTime":786.75,"endTime":790.815,"body":"your risk of losing your graft"},{"speaker":"Erik van den Berg","startTime":790.815,"endTime":793.935,"body":"earlier on, or even an increased"},{"speaker":"Erik van den Berg","startTime":790.815,"endTime":793.935,"body":"mortality rate. The current"},{"speaker":"Erik van den Berg","startTime":793.935,"endTime":796.695,"body":"standard of care is not yet good"},{"speaker":"Erik van den Berg","startTime":793.935,"endTime":796.695,"body":"enough. We want to change that."},{"speaker":"John Simboli","startTime":797.115,"endTime":800.055,"body":"There must be a"},{"speaker":"John Simboli","startTime":797.115,"endTime":800.055,"body":"great temptation to be the"},{"speaker":"John Simboli","startTime":800.055,"endTime":805.935,"body":"smartest guy in the room when"},{"speaker":"John Simboli","startTime":800.055,"endTime":805.935,"body":"you're the CEO or a leader. How"},{"speaker":"John Simboli","startTime":805.935,"endTime":808.995,"body":"does, in terms of culture, how"},{"speaker":"John Simboli","startTime":805.935,"endTime":808.995,"body":"do you deal with that?"},{"speaker":"Erik van den Berg","startTime":809.38,"endTime":811.9,"body":"I do like to"},{"speaker":"Erik van den Berg","startTime":809.38,"endTime":811.9,"body":"ask a lot of questions, and"},{"speaker":"Erik van den Berg","startTime":812.02,"endTime":816.22,"body":"sometimes that style can come"},{"speaker":"Erik van den Berg","startTime":812.02,"endTime":816.22,"body":"across, of course, as criticism,"},{"speaker":"Erik van den Berg","startTime":816.64,"endTime":821.08,"body":"which it's not. It's either"},{"speaker":"Erik van den Berg","startTime":816.64,"endTime":821.08,"body":"genuinely being interested or"},{"speaker":"Erik van den Berg","startTime":822.46,"endTime":826.6,"body":"not understanding it and wanting"},{"speaker":"Erik van den Berg","startTime":822.46,"endTime":826.6,"body":"to understand it, or if I don't"},{"speaker":"Erik van den Berg","startTime":826.6,"endTime":829.3,"body":"understand it, maybe somebody"},{"speaker":"Erik van den Berg","startTime":826.6,"endTime":829.3,"body":"else, externally doesn't then"},{"speaker":"Erik van den Berg","startTime":829.3,"endTime":831.76,"body":"understand it either, and then I"},{"speaker":"Erik van den Berg","startTime":829.3,"endTime":831.76,"body":"start to have a lot of"},{"speaker":"Erik van den Berg","startTime":831.76,"endTime":834.565,"body":"questions, which hopefully is"},{"speaker":"Erik van den Berg","startTime":831.76,"endTime":834.565,"body":"then helpful for people to"},{"speaker":"Erik van den Berg","startTime":834.805,"endTime":841.045,"body":"clarify their thoughts or direct"},{"speaker":"Erik van den Berg","startTime":834.805,"endTime":841.045,"body":"future analytical work to come"},{"speaker":"Erik van den Berg","startTime":841.045,"endTime":846.085,"body":"up to a better answer. Yes, it's"},{"speaker":"Erik van den Berg","startTime":841.045,"endTime":846.085,"body":"maybe it's also inviting others"},{"speaker":"Erik van den Berg","startTime":846.445,"endTime":850.405,"body":"to be critical so that, and"},{"speaker":"Erik van den Berg","startTime":846.445,"endTime":850.405,"body":"then, of course, you have to"},{"speaker":"Erik van den Berg","startTime":850.405,"endTime":853.645,"body":"show that you can accept"},{"speaker":"Erik van den Berg","startTime":850.405,"endTime":853.645,"body":"criticism or feedback, which,"},{"speaker":"Erik van den Berg","startTime":854.545,"endTime":855.97,"body":"otherwise the loop doesn't work."},{"speaker":"John Simboli","startTime":856.57,"endTime":859.09,"body":"When people ask,"},{"speaker":"John Simboli","startTime":856.57,"endTime":859.09,"body":"who is Memo Therapeutics? How do"},{"speaker":"John Simboli","startTime":859.0,"endTime":884.425,"body":"where"},{"speaker":"John Simboli","startTime":859.09,"endTime":859.93,"body":"you like to answer?"},{"speaker":"Erik van den Berg","startTime":859.5,"endTime":861.912,"body":"Well, the"},{"speaker":"Erik van den Berg","startTime":859.5,"endTime":861.912,"body":"short answer is that we're in"},{"speaker":"Erik van den Berg","startTime":861.974,"endTime":865.686,"body":"the business of identifying"},{"speaker":"Erik van den Berg","startTime":861.974,"endTime":865.686,"body":"highly potent antibodies derived"},{"speaker":"Erik van den Berg","startTime":865.748,"endTime":869.522,"body":"from human immune responses and"},{"speaker":"Erik van den Berg","startTime":865.748,"endTime":869.522,"body":"then translate them in unique"},{"speaker":"Erik van den Berg","startTime":869.584,"endTime":873.357,"body":"medicines. And the other answer"},{"speaker":"Erik van den Berg","startTime":869.584,"endTime":873.357,"body":"to that question is, our lead"},{"speaker":"Erik van den Berg","startTime":873.419,"endTime":876.574,"body":"program is in, just finished"},{"speaker":"Erik van den Berg","startTime":873.419,"endTime":876.574,"body":"phase two, in BK viral"},{"speaker":"Erik van den Berg","startTime":876.636,"endTime":880.596,"body":"infections. And then we have an"},{"speaker":"Erik van den Berg","startTime":876.636,"endTime":880.596,"body":"antibody that was derived from a"},{"speaker":"Erik van den Berg","startTime":880.657,"endTime":883.874,"body":"patient that addressed his own"},{"speaker":"Erik van den Berg","startTime":880.657,"endTime":883.874,"body":"viral infections very"},{"speaker":"Erik van den Berg","startTime":883.936,"endTime":887.71,"body":"effectively. And then when we"},{"speaker":"Erik van den Berg","startTime":883.936,"endTime":887.71,"body":"examined the antibody of all of"},{"speaker":"Erik van den Berg","startTime":884.0,"endTime":1092.905,"body":"resections"},{"speaker":"Erik van den Berg","startTime":884.0,"endTime":1092.905,"body":"at Memo where indeed we would"},{"speaker":"Erik van den Berg","startTime":887.772,"endTime":891.36,"body":"the patients, we were able to"},{"speaker":"Erik van den Berg","startTime":887.772,"endTime":891.36,"body":"identify the single antibody"},{"speaker":"Erik van den Berg","startTime":891.422,"endTime":894.392,"body":"that had a highly potent"},{"speaker":"Erik van den Berg","startTime":891.422,"endTime":894.392,"body":"response or binding and"},{"speaker":"Erik van den Berg","startTime":894.453,"endTime":898.227,"body":"neutralization to the BK virus,"},{"speaker":"Erik van den Berg","startTime":894.453,"endTime":898.227,"body":"the most potent antibody ever"},{"speaker":"Erik van den Berg","startTime":898.289,"endTime":902.248,"body":"seen here. What I like about our"},{"speaker":"Erik van den Berg","startTime":898.289,"endTime":902.248,"body":"concept is that you really, you"},{"speaker":"Erik van den Berg","startTime":902.31,"endTime":906.022,"body":"know you're being inspired by"},{"speaker":"Erik van den Berg","startTime":902.31,"endTime":906.022,"body":"nature, and you're building on"},{"speaker":"Erik van den Berg","startTime":906.084,"endTime":909.796,"body":"that. You have a mature antibody"},{"speaker":"Erik van den Berg","startTime":906.084,"endTime":909.796,"body":"in a human being. So it's a"},{"speaker":"Erik van den Berg","startTime":909.858,"endTime":913.57,"body":"pretty safe starting position."},{"speaker":"Erik van den Berg","startTime":909.858,"endTime":913.57,"body":"So we're giving a fully human"},{"speaker":"Erik van den Berg","startTime":913.632,"endTime":917.158,"body":"antibody to patients, and one"},{"speaker":"Erik van den Berg","startTime":913.632,"endTime":917.158,"body":"patient, in the end, helps,"},{"speaker":"Erik van den Berg","startTime":917.22,"endTime":920.746,"body":"hopefully a lot of other"},{"speaker":"Erik van den Berg","startTime":917.22,"endTime":920.746,"body":"patients then. So I think that's"},{"speaker":"Erik van den Berg","startTime":920.808,"endTime":924.706,"body":"the beauty of that concept. The"},{"speaker":"Erik van den Berg","startTime":920.808,"endTime":924.706,"body":"platform's name that we have at"},{"speaker":"Erik van den Berg","startTime":924.767,"endTime":928.232,"body":"Memo Therapeutics is Dropzylla,"},{"speaker":"Erik van den Berg","startTime":924.767,"endTime":928.232,"body":"as we call it. So it's a"},{"speaker":"Erik van den Berg","startTime":928.294,"endTime":931.635,"body":"microfluidic platform where,"},{"speaker":"Erik van den Berg","startTime":928.294,"endTime":931.635,"body":"based on these very small"},{"speaker":"Erik van den Berg","startTime":931.696,"endTime":935.532,"body":"droplets, we're able to extract"},{"speaker":"Erik van den Berg","startTime":931.696,"endTime":935.532,"body":"the genetic information out of"},{"speaker":"Erik van den Berg","startTime":935.594,"endTime":939.182,"body":"each B cell that we obtain from"},{"speaker":"Erik van den Berg","startTime":935.594,"endTime":939.182,"body":"a sample to see well, what"},{"speaker":"Erik van den Berg","startTime":939.244,"endTime":942.647,"body":"antibody is that B cell"},{"speaker":"Erik van den Berg","startTime":939.244,"endTime":942.647,"body":"producing? And then we can bank"},{"speaker":"Erik van den Berg","startTime":942.708,"endTime":946.482,"body":"those antibodies by transferring"},{"speaker":"Erik van den Berg","startTime":942.708,"endTime":946.482,"body":"DNA into RNA and then into a"},{"speaker":"Erik van den Berg","startTime":946.544,"endTime":950.256,"body":"producer cell bank to evaluate"},{"speaker":"Erik van den Berg","startTime":946.544,"endTime":950.256,"body":"indeed and Okay, let's screen"},{"speaker":"Erik van den Berg","startTime":950.318,"endTime":953.72,"body":"that antibody of a specific"},{"speaker":"Erik van den Berg","startTime":950.318,"endTime":953.72,"body":"patient or a combination of"},{"speaker":"Erik van den Berg","startTime":953.782,"endTime":957.68,"body":"libraries that we have obtained"},{"speaker":"Erik van den Berg","startTime":953.782,"endTime":957.68,"body":"for multiple patients, and then"},{"speaker":"Erik van den Berg","startTime":957.742,"endTime":961.577,"body":"screen it against the target. Or"},{"speaker":"Erik van den Berg","startTime":957.742,"endTime":961.577,"body":"what we are now also doing is"},{"speaker":"Erik van den Berg","startTime":961.639,"endTime":965.289,"body":"use the antibody to discover"},{"speaker":"Erik van den Berg","startTime":961.639,"endTime":965.289,"body":"novel targets, because then at"},{"speaker":"Erik van den Berg","startTime":965.351,"endTime":968.816,"body":"one go, you have a novel target"},{"speaker":"Erik van den Berg","startTime":965.351,"endTime":968.816,"body":"and a novel antibody. We"},{"speaker":"Erik van den Berg","startTime":968.877,"endTime":972.342,"body":"identified, indeed, this"},{"speaker":"Erik van den Berg","startTime":968.877,"endTime":972.342,"body":"antibody was working with blood"},{"speaker":"Erik van den Berg","startTime":972.404,"endTime":976.239,"body":"from healthy individuals, but"},{"speaker":"Erik van den Berg","startTime":972.404,"endTime":976.239,"body":"also from kidney transplantation"},{"speaker":"Erik van den Berg","startTime":976.301,"endTime":979.456,"body":"patients that had a BK virus"},{"speaker":"Erik van den Berg","startTime":976.301,"endTime":979.456,"body":"infection, and hence a"},{"speaker":"Erik van den Berg","startTime":979.518,"endTime":982.859,"body":"relatively recent immune"},{"speaker":"Erik van den Berg","startTime":979.518,"endTime":982.859,"body":"response to the BK virus, and"},{"speaker":"Erik van den Berg","startTime":982.921,"endTime":986.757,"body":"then sample their B cells, find"},{"speaker":"Erik van den Berg","startTime":982.921,"endTime":986.757,"body":"out what antibodies are there,"},{"speaker":"Erik van den Berg","startTime":986.818,"endTime":990.283,"body":"and then identify very potently"},{"speaker":"Erik van den Berg","startTime":986.818,"endTime":990.283,"body":"binding and neutralizing"},{"speaker":"Erik van den Berg","startTime":990.345,"endTime":994.057,"body":"antibodies to the virus. And"},{"speaker":"Erik van den Berg","startTime":990.345,"endTime":994.057,"body":"because this technology is kind"},{"speaker":"Erik van den Berg","startTime":994.119,"endTime":997.645,"body":"of a copy machine, it can copy"},{"speaker":"Erik van den Berg","startTime":994.119,"endTime":997.645,"body":"the entire antibody on, it"},{"speaker":"Erik van den Berg","startTime":997.707,"endTime":1001.604,"body":"increases the chance of finding"},{"speaker":"Erik van den Berg","startTime":997.707,"endTime":1001.604,"body":"a unique antibody also, if like"},{"speaker":"Erik van den Berg","startTime":1001.666,"endTime":1005.316,"body":"a factor over the existing"},{"speaker":"Erik van den Berg","startTime":1001.666,"endTime":1005.316,"body":"technologies, that's why we were"},{"speaker":"Erik van den Berg","startTime":1005.378,"endTime":1008.533,"body":"able to find this unique"},{"speaker":"Erik van den Berg","startTime":1005.378,"endTime":1008.533,"body":"antibody. And in our other"},{"speaker":"Erik van den Berg","startTime":1008.595,"endTime":1012.06,"body":"programs, we're also finding,"},{"speaker":"Erik van den Berg","startTime":1008.595,"endTime":1012.06,"body":"indeed, unique antibodies."},{"speaker":"Erik van den Berg","startTime":1092.905,"endTime":1097.285,"body":"like to see how we can get new"},{"speaker":"Erik van den Berg","startTime":1092.905,"endTime":1097.285,"body":"targets, and with that, new"},{"speaker":"Erik van den Berg","startTime":1097.285,"endTime":1100.885,"body":"antibodies identified at the"},{"speaker":"Erik van den Berg","startTime":1097.285,"endTime":1100.885,"body":"same time to be developed in"},{"speaker":"Erik van den Berg","startTime":1100.885,"endTime":1103.825,"body":"cancer, tumor cancer"},{"speaker":"Erik van den Berg","startTime":1100.885,"endTime":1103.825,"body":"indications."},{"speaker":"John Simboli","startTime":1104.245,"endTime":1107.965,"body":"When you explain"},{"speaker":"John Simboli","startTime":1104.245,"endTime":1107.965,"body":"to savvy investors, let's say"},{"speaker":"John Simboli","startTime":1107.965,"endTime":1111.145,"body":"institutional investors,"},{"speaker":"John Simboli","startTime":1107.965,"endTime":1111.145,"body":"prospective investors, what"},{"speaker":"John Simboli","startTime":1111.145,"endTime":1115.105,"body":"distinguishes Memo, and some"},{"speaker":"John Simboli","startTime":1111.145,"endTime":1115.105,"body":"will understand it and value it."},{"speaker":"John Simboli","startTime":1115.15,"endTime":1118.39,"body":"Some will understand it and say,"},{"speaker":"John Simboli","startTime":1115.15,"endTime":1118.39,"body":"That's not for me. Some will"},{"speaker":"John Simboli","startTime":1118.39,"endTime":1121.63,"body":"say, Oh, I think I have it. And"},{"speaker":"John Simboli","startTime":1118.39,"endTime":1121.63,"body":"then you may realize, I'm"},{"speaker":"John Simboli","startTime":1121.63,"endTime":1124.45,"body":"guessing here, that they have"},{"speaker":"John Simboli","startTime":1121.63,"endTime":1124.45,"body":"understood it in a way that you"},{"speaker":"John Simboli","startTime":1124.45,"endTime":1128.47,"body":"did not intend them to"},{"speaker":"John Simboli","startTime":1124.45,"endTime":1128.47,"body":"understand it. So the question"},{"speaker":"John Simboli","startTime":1128.47,"endTime":1131.11,"body":"is, when there is a"},{"speaker":"John Simboli","startTime":1128.47,"endTime":1131.11,"body":"misperception, a"},{"speaker":"John Simboli","startTime":1131.11,"endTime":1135.339,"body":"miscategorization, what's that"},{"speaker":"John Simboli","startTime":1131.11,"endTime":1135.339,"body":"tend to be? And then how do you"},{"speaker":"Erik van den Berg","startTime":1136.5,"endTime":1139.26,"body":"I don't think"},{"speaker":"Erik van den Berg","startTime":1136.5,"endTime":1139.26,"body":"we ever have misunderstandings"},{"speaker":"Erik van den Berg","startTime":1139.26,"endTime":1142.68,"body":"about the mode of action, in the"},{"speaker":"Erik van den Berg","startTime":1139.26,"endTime":1142.68,"body":"sense, right? Because it's,"},{"speaker":"Erik van den Berg","startTime":1142.92,"endTime":1146.34,"body":"everybody knows antibodies."},{"speaker":"Erik van den Berg","startTime":1142.92,"endTime":1146.34,"body":"Okay, you neutralize a virus. We"},{"speaker":"Erik van den Berg","startTime":1146.34,"endTime":1149.76,"body":"know that your immune response"},{"speaker":"Erik van den Berg","startTime":1146.34,"endTime":1149.76,"body":"can be is that the way, how your"},{"speaker":"Erik van den Berg","startTime":1149.76,"endTime":1153.48,"body":"immune response is to deal with"},{"speaker":"Erik van den Berg","startTime":1149.76,"endTime":1153.48,"body":"like foreign entities, so and"},{"speaker":"Erik van den Berg","startTime":1153.48,"endTime":1157.02,"body":"then to deal with the disease. I"},{"speaker":"Erik van den Berg","startTime":1153.48,"endTime":1157.02,"body":"think everybody also gets the"},{"speaker":"Erik van den Berg","startTime":1157.08,"endTime":1159.765,"body":"unmet medical need, in the sense"},{"speaker":"Erik van den Berg","startTime":1157.08,"endTime":1159.765,"body":"that there's nothing on the"},{"speaker":"Erik van den Berg","startTime":1159.765,"endTime":1163.665,"body":"market currently, and that"},{"speaker":"Erik van den Berg","startTime":1159.765,"endTime":1163.665,"body":"projections for these patients"},{"speaker":"Erik van den Berg","startTime":1163.725,"endTime":1168.945,"body":"are not ideal. What might be"},{"speaker":"Erik van den Berg","startTime":1163.725,"endTime":1168.945,"body":"maybe not misunderstood is too"},{"speaker":"Erik van den Berg","startTime":1168.945,"endTime":1171.885,"body":"strong, but not fully"},{"speaker":"Erik van den Berg","startTime":1168.945,"endTime":1171.885,"body":"appreciated, is that, so the"},{"speaker":"Erik van den Berg","startTime":1171.885,"endTime":1175.605,"body":"current standard of care to"},{"speaker":"Erik van den Berg","startTime":1171.885,"endTime":1175.605,"body":"treat BK virus infections is to"},{"speaker":"Erik van den Berg","startTime":1175.605,"endTime":1178.725,"body":"lower immunosuppression."},{"speaker":"Erik van den Berg","startTime":1175.605,"endTime":1178.725,"body":"Patients, if they get an organ"},{"speaker":"Erik van den Berg","startTime":1178.725,"endTime":1182.745,"body":"transplant, in our case, kidney"},{"speaker":"Erik van den Berg","startTime":1178.725,"endTime":1182.745,"body":"transplants, they are offered"},{"speaker":"Erik van den Berg","startTime":1182.985,"endTime":1186.45,"body":"pretty heavy immunosuppression"},{"speaker":"Erik van den Berg","startTime":1182.985,"endTime":1186.45,"body":"because you don't want to reject"},{"speaker":"Erik van den Berg","startTime":1186.45,"endTime":1192.09,"body":"the graft. Clearly, of course,"},{"speaker":"Erik van den Berg","startTime":1186.45,"endTime":1192.09,"body":"that is easier than for viruses"},{"speaker":"Erik van den Berg","startTime":1192.15,"endTime":1197.31,"body":"and other infectious agents to"},{"speaker":"Erik van den Berg","startTime":1192.15,"endTime":1197.31,"body":"be upregulated or infect the"},{"speaker":"Erik van den Berg","startTime":1197.31,"endTime":1201.81,"body":"patient. In our case, 90% of the"},{"speaker":"Erik van den Berg","startTime":1197.31,"endTime":1201.81,"body":"population has the BK virus."},{"speaker":"Erik van den Berg","startTime":1201.87,"endTime":1204.81,"body":"It's dormant in the kidney, so"},{"speaker":"Erik van den Berg","startTime":1201.87,"endTime":1204.81,"body":"it's transplanted with the"},{"speaker":"Erik van den Berg","startTime":1204.81,"endTime":1207.51,"body":"kidney. We have strong"},{"speaker":"Erik van den Berg","startTime":1204.81,"endTime":1207.51,"body":"immunosuppression. It's"},{"speaker":"Erik van den Berg","startTime":1207.555,"endTime":1212.115,"body":"upregulated in a severe form in"},{"speaker":"Erik van den Berg","startTime":1207.555,"endTime":1212.115,"body":"20 to 30% of transplant"},{"speaker":"Erik van den Berg","startTime":1212.115,"endTime":1216.195,"body":"patients. And then, you know,"},{"speaker":"Erik van den Berg","startTime":1212.115,"endTime":1216.195,"body":"immunosuppression is lowered to"},{"speaker":"Erik van den Berg","startTime":1216.195,"endTime":1219.255,"body":"be able to get the immune"},{"speaker":"Erik van den Berg","startTime":1216.195,"endTime":1219.255,"body":"system, you know, elevated"},{"speaker":"Erik van den Berg","startTime":1219.255,"endTime":1221.955,"body":"again, to be able to address the"},{"speaker":"Erik van den Berg","startTime":1219.255,"endTime":1221.955,"body":"virus. But the background of"},{"speaker":"that is two-fold","startTime":1221.955,"endTime":1225.735,"body":"One is that's"},{"speaker":"that is two-fold","startTime":1221.955,"endTime":1225.735,"body":"the standard of care, and we"},{"speaker":"that is two-fold","startTime":1225.735,"endTime":1230.7,"body":"know the outcomes. So after 10"},{"speaker":"that is two-fold","startTime":1225.735,"endTime":1230.7,"body":"years, if you do not have a BK"},{"speaker":"that is two-fold","startTime":1230.7,"endTime":1234.18,"body":"virus infection, 60% of the"},{"speaker":"that is two-fold","startTime":1230.7,"endTime":1234.18,"body":"patients stay alive with a"},{"speaker":"that is two-fold","startTime":1234.18,"endTime":1238.26,"body":"functioning graft. If you have a"},{"speaker":"that is two-fold","startTime":1234.18,"endTime":1238.26,"body":"serious BK virus infection, it's"},{"speaker":"that is two-fold","startTime":1238.32,"endTime":1242.82,"body":"36% and that's with this current"},{"speaker":"that is two-fold","startTime":1238.32,"endTime":1242.82,"body":"set of care. So sometimes people"},{"speaker":"that is two-fold","startTime":1242.88,"endTime":1245.4,"body":"will feel, well, the current set"},{"speaker":"that is two-fold","startTime":1242.88,"endTime":1245.4,"body":"of care is good enough, right?"},{"speaker":"that is two-fold","startTime":1245.4,"endTime":1249.06,"body":"We can address this, you know,"},{"speaker":"that is two-fold","startTime":1245.4,"endTime":1249.06,"body":"little flare of virus increase"},{"speaker":"that is two-fold","startTime":1249.06,"endTime":1251.64,"body":"by lowering immune suppression."},{"speaker":"that is two-fold","startTime":1249.06,"endTime":1251.64,"body":"But then if you look at the"},{"speaker":"that is two-fold","startTime":1251.64,"endTime":1255.405,"body":"consequence of that on the long"},{"speaker":"that is two-fold","startTime":1251.64,"endTime":1255.405,"body":"term, it's not satisfactory at"},{"speaker":"that is two-fold","startTime":1255.405,"endTime":1258.765,"body":"all. And then the other part is"},{"speaker":"that is two-fold","startTime":1255.405,"endTime":1258.765,"body":"the patient perspective there."},{"speaker":"that is two-fold","startTime":1259.365,"endTime":1264.105,"body":"So patients are told, you know,"},{"speaker":"that is two-fold","startTime":1259.365,"endTime":1264.105,"body":"pretty severely, that they have"},{"speaker":"that is two-fold","startTime":1264.105,"endTime":1267.105,"body":"to take their medicine, right?"},{"speaker":"that is two-fold","startTime":1264.105,"endTime":1267.105,"body":"It's important to take your"},{"speaker":"that is two-fold","startTime":1267.105,"endTime":1270.705,"body":"medicine. As you can imagine, if"},{"speaker":"that is two-fold","startTime":1267.105,"endTime":1270.705,"body":"you would forget to take your"},{"speaker":"that is two-fold","startTime":1270.705,"endTime":1274.05,"body":"medicines, or infrequently take"},{"speaker":"that is two-fold","startTime":1270.705,"endTime":1274.05,"body":"it, maybe within a couple of"},{"speaker":"that is two-fold","startTime":1274.05,"endTime":1276.87,"body":"weeks after your"},{"speaker":"that is two-fold","startTime":1274.05,"endTime":1276.87,"body":"transplantation, you will be at"},{"speaker":"that is two-fold","startTime":1276.87,"endTime":1281.19,"body":"the ICU, right, because your"},{"speaker":"that is two-fold","startTime":1276.87,"endTime":1281.19,"body":"organ is being rejected. So it's"},{"speaker":"that is two-fold","startTime":1281.19,"endTime":1284.37,"body":"really, you know, important to"},{"speaker":"that is two-fold","startTime":1281.19,"endTime":1284.37,"body":"take your medicines. And then"},{"speaker":"that is two-fold","startTime":1284.37,"endTime":1287.49,"body":"all of a sudden you get a BK"},{"speaker":"that is two-fold","startTime":1284.37,"endTime":1287.49,"body":"virus infection, at least some"},{"speaker":"that is two-fold","startTime":1287.49,"endTime":1291.09,"body":"patients. And then the message"},{"speaker":"that is two-fold","startTime":1287.49,"endTime":1291.09,"body":"is, well, don't worry, we'll"},{"speaker":"that is two-fold","startTime":1291.09,"endTime":1293.79,"body":"lower your immunosuppression,"},{"speaker":"that is two-fold","startTime":1291.09,"endTime":1293.79,"body":"right? So it's counterintuitive"},{"speaker":"that is two-fold","startTime":1293.79,"endTime":1297.87,"body":"to do it, because it feels"},{"speaker":"that is two-fold","startTime":1293.79,"endTime":1297.87,"body":"you're risking your graft. And"},{"speaker":"that is two-fold","startTime":1297.915,"endTime":1302.415,"body":"to some extent that's true, of"},{"speaker":"that is two-fold","startTime":1297.915,"endTime":1302.415,"body":"course, so it increases the risk"},{"speaker":"that is two-fold","startTime":1302.415,"endTime":1305.775,"body":"for acute rejections episodes,"},{"speaker":"that is two-fold","startTime":1302.415,"endTime":1305.775,"body":"which can be treated again by"},{"speaker":"that is two-fold","startTime":1305.775,"endTime":1308.655,"body":"increasing immune suppression."},{"speaker":"that is two-fold","startTime":1305.775,"endTime":1308.655,"body":"But the guardrails where"},{"speaker":"that is two-fold","startTime":1308.775,"endTime":1311.715,"body":"physicians and patients have to"},{"speaker":"that is two-fold","startTime":1308.775,"endTime":1311.715,"body":"operate in, where the"},{"speaker":"that is two-fold","startTime":1311.715,"endTime":1314.895,"body":"immunosuppression is, like the"},{"speaker":"that is two-fold","startTime":1311.715,"endTime":1314.895,"body":"Goldilocks scenario, it's just"},{"speaker":"that is two-fold","startTime":1314.895,"endTime":1318.015,"body":"right, it's not too much because"},{"speaker":"that is two-fold","startTime":1314.895,"endTime":1318.015,"body":"then you get a lot of"},{"speaker":"that is two-fold","startTime":1318.015,"endTime":1321.18,"body":"opportunistic infections. It's"},{"speaker":"that is two-fold","startTime":1318.015,"endTime":1321.18,"body":"not too low, because then you're"},{"speaker":"that is two-fold","startTime":1321.24,"endTime":1323.88,"body":"rejecting your graft. The"},{"speaker":"that is two-fold","startTime":1321.24,"endTime":1323.88,"body":"guardrails are relatively"},{"speaker":"that is two-fold","startTime":1323.88,"endTime":1328.32,"body":"narrow, certainly in some"},{"speaker":"that is two-fold","startTime":1323.88,"endTime":1328.32,"body":"patients. So being able to"},{"speaker":"that is two-fold","startTime":1328.32,"endTime":1332.04,"body":"provide much more flexibility"},{"speaker":"that is two-fold","startTime":1328.32,"endTime":1332.04,"body":"and freedom if you can add an"},{"speaker":"that is two-fold","startTime":1332.04,"endTime":1336.42,"body":"antibody to your standard of"},{"speaker":"that is two-fold","startTime":1332.04,"endTime":1336.42,"body":"care, that you don't need to"},{"speaker":"that is two-fold","startTime":1336.42,"endTime":1339.42,"body":"lower immuno-suppression, or you"},{"speaker":"that is two-fold","startTime":1336.42,"endTime":1339.42,"body":"don't need to lower that much,"},{"speaker":"that is two-fold","startTime":1339.42,"endTime":1342.54,"body":"makes a lot of sense. And I"},{"speaker":"that is two-fold","startTime":1339.42,"endTime":1342.54,"body":"think that concept sometimes, of"},{"speaker":"that is two-fold","startTime":1342.54,"endTime":1346.725,"body":"course, takes a while to realize"},{"speaker":"that is two-fold","startTime":1342.54,"endTime":1346.725,"body":"that immuno-suppression lowering"},{"speaker":"that is two-fold","startTime":1346.725,"endTime":1350.385,"body":"is the only thing we have"},{"speaker":"that is two-fold","startTime":1346.725,"endTime":1350.385,"body":"currently. It comes, of course,"},{"speaker":"that is two-fold","startTime":1350.385,"endTime":1352.665,"body":"with some risks, and it's"},{"speaker":"that is two-fold","startTime":1350.385,"endTime":1352.665,"body":"definitely not ideal."},{"speaker":"John Simboli","startTime":1353.025,"endTime":1355.365,"body":"Finding that"},{"speaker":"John Simboli","startTime":1353.025,"endTime":1355.365,"body":"balance within the guardrail, is"},{"speaker":"John Simboli","startTime":1355.365,"endTime":1358.245,"body":"that, in a way that you just"},{"speaker":"John Simboli","startTime":1355.365,"endTime":1358.245,"body":"described, is that"},{"speaker":"John Simboli","startTime":1358.605,"endTime":1362.145,"body":"differentiating for Memo? Are"},{"speaker":"John Simboli","startTime":1358.605,"endTime":1362.145,"body":"others approaching it in the"},{"speaker":"John Simboli","startTime":1362.145,"endTime":1363.825,"body":"same way, similar way?"},{"speaker":"Erik van den Berg","startTime":1363.48,"endTime":1366.3,"body":"Well, there"},{"speaker":"Erik van den Berg","startTime":1363.48,"endTime":1366.3,"body":"are not that many others. I"},{"speaker":"Erik van den Berg","startTime":1366.3,"endTime":1369.12,"body":"think that's the first thing. An"},{"speaker":"Erik van den Berg","startTime":1366.3,"endTime":1369.12,"body":"antibody makes sense in this"},{"speaker":"Erik van den Berg","startTime":1369.12,"endTime":1372.54,"body":"setting, because a typical small"},{"speaker":"Erik van den Berg","startTime":1369.12,"endTime":1372.54,"body":"molecule approach is not very"},{"speaker":"Erik van den Berg","startTime":1372.54,"endTime":1375.6,"body":"likely to work with DNA, small"},{"speaker":"Erik van den Berg","startTime":1372.54,"endTime":1375.6,"body":"envelope virus, non envelope"},{"speaker":"Erik van den Berg","startTime":1375.6,"endTime":1378.36,"body":"virus and other things. So of"},{"speaker":"Erik van den Berg","startTime":1375.6,"endTime":1378.36,"body":"course, you can think about"},{"speaker":"Erik van den Berg","startTime":1378.42,"endTime":1382.02,"body":"antisense as an approach, which"},{"speaker":"Erik van den Berg","startTime":1378.42,"endTime":1382.02,"body":"a company is doing, but in the"},{"speaker":"Erik van den Berg","startTime":1382.02,"endTime":1385.5,"body":"end, we'll just work with what"},{"speaker":"Erik van den Berg","startTime":1382.02,"endTime":1385.5,"body":"nature already has provided us,"},{"speaker":"Erik van den Berg","startTime":1385.5,"endTime":1389.145,"body":"which is, you know, a"},{"speaker":"Erik van den Berg","startTime":1385.5,"endTime":1389.145,"body":"neutralizing antibody, which we"},{"speaker":"Erik van den Berg","startTime":1389.145,"endTime":1391.485,"body":"all have, right? We all have"},{"speaker":"Erik van den Berg","startTime":1389.145,"endTime":1391.485,"body":"neutralizing antibodies because"},{"speaker":"Erik van den Berg","startTime":1391.485,"endTime":1394.125,"body":"we all have the virus, and"},{"speaker":"Erik van den Berg","startTime":1391.485,"endTime":1394.125,"body":"that's how we keep it in check."},{"speaker":"Erik van den Berg","startTime":1394.365,"endTime":1399.165,"body":"So keep it simple and safe."},{"speaker":"Erik van den Berg","startTime":1394.365,"endTime":1399.165,"body":"Hopefully soon after phase three"},{"speaker":"Erik van den Berg","startTime":1399.165,"endTime":1400.425,"body":"successful on efficacy."},{"speaker":"John Simboli","startTime":1401.325,"endTime":1404.025,"body":"What makes a good"},{"speaker":"John Simboli","startTime":1401.325,"endTime":1404.025,"body":"partner for Memo Therapeutics?"},{"speaker":"John Simboli","startTime":1404.085,"endTime":1408.045,"body":"What kinds of partners might"},{"speaker":"John Simboli","startTime":1404.085,"endTime":1408.045,"body":"make a good match to Memo? What"},{"speaker":"John Simboli","startTime":1408.045,"endTime":1408.705,"body":"would you say?"},{"speaker":"Erik van den Berg","startTime":1409.08,"endTime":1411.78,"body":"We have, you"},{"speaker":"Erik van den Berg","startTime":1409.08,"endTime":1411.78,"body":"know, I see our investors as"},{"speaker":"Erik van den Berg","startTime":1411.78,"endTime":1415.38,"body":"partners. We have, of course, a"},{"speaker":"Erik van den Berg","startTime":1411.78,"endTime":1415.38,"body":"CRO we work with, a lot of"},{"speaker":"Erik van den Berg","startTime":1415.38,"endTime":1418.56,"body":"clinical sites. We've worked"},{"speaker":"Erik van den Berg","startTime":1415.38,"endTime":1418.56,"body":"with patient organizations. We"},{"speaker":"Erik van den Berg","startTime":1418.56,"endTime":1422.04,"body":"work with manufacturing outfits."},{"speaker":"Erik van den Berg","startTime":1418.56,"endTime":1422.04,"body":"We think we probably sign, I"},{"speaker":"Erik van den Berg","startTime":1422.04,"endTime":1426.0,"body":"don't know, five contracts a"},{"speaker":"Erik van den Berg","startTime":1422.04,"endTime":1426.0,"body":"week or more. So we have a lot"},{"speaker":"Erik van den Berg","startTime":1426.0,"endTime":1430.2,"body":"of external connectivity. We're"},{"speaker":"Erik van den Berg","startTime":1426.0,"endTime":1430.2,"body":"a small core, where you have"},{"speaker":"Erik van den Berg","startTime":1430.2,"endTime":1434.265,"body":"expertise on all different"},{"speaker":"Erik van den Berg","startTime":1430.2,"endTime":1434.265,"body":"areas. We have our labs here, of"},{"speaker":"Erik van den Berg","startTime":1434.265,"endTime":1438.285,"body":"course, in Zurich as well. Then"},{"speaker":"Erik van den Berg","startTime":1434.265,"endTime":1438.285,"body":"you work with lots of externals"},{"speaker":"Erik van den Berg","startTime":1438.285,"endTime":1444.945,"body":"that can provide the expertise"},{"speaker":"Erik van den Berg","startTime":1438.285,"endTime":1444.945,"body":"or hands or facilities that we"},{"speaker":"Erik van den Berg","startTime":1444.945,"endTime":1447.585,"body":"don't have, and then we work"},{"speaker":"Erik van den Berg","startTime":1444.945,"endTime":1447.585,"body":"with them.And in the end, we'll"},{"speaker":"Erik van den Berg","startTime":1447.585,"endTime":1452.445,"body":"likely work with pharma partners"},{"speaker":"Erik van den Berg","startTime":1447.585,"endTime":1452.445,"body":"to leverage our asset to become"},{"speaker":"Erik van den Berg","startTime":1452.445,"endTime":1453.885,"body":"available around the globe."},{"speaker":"John Simboli","startTime":1454.05,"endTime":1457.11,"body":"How about academis"},{"speaker":"John Simboli","startTime":1454.05,"endTime":1457.11,"body":"partners? Partnerships? What"},{"speaker":"John Simboli","startTime":1457.11,"endTime":1459.63,"body":"sorts of connections do you have"},{"speaker":"John Simboli","startTime":1457.11,"endTime":1459.63,"body":"in place at this point? I know"},{"speaker":"John Simboli","startTime":1459.63,"endTime":1460.77,"body":"you're always looking."},{"speaker":"Erik van den Berg","startTime":1461.01,"endTime":1462.93,"body":"We do have"},{"speaker":"Erik van den Berg","startTime":1461.01,"endTime":1462.93,"body":"connections with, well, first of"},{"speaker":"Erik van den Berg","startTime":1462.93,"endTime":1465.51,"body":"all, of course, in the clinical"},{"speaker":"Erik van den Berg","startTime":1462.93,"endTime":1465.51,"body":"trials with the hospitals. But"},{"speaker":"Erik van den Berg","startTime":1465.51,"endTime":1468.75,"body":"if you look at the science part"},{"speaker":"Erik van den Berg","startTime":1465.51,"endTime":1468.75,"body":"of the organization, and also"},{"speaker":"Erik van den Berg","startTime":1468.75,"endTime":1471.39,"body":"how, for example, we had"},{"speaker":"Erik van den Berg","startTime":1468.75,"endTime":1471.39,"body":"discovered our antibody here, it"},{"speaker":"Erik van den Berg","startTime":1471.39,"endTime":1475.11,"body":"was in collaboration with"},{"speaker":"Erik van den Berg","startTime":1471.39,"endTime":1475.11,"body":"universities that worked"},{"speaker":"Erik van den Berg","startTime":1475.11,"endTime":1478.635,"body":"together with us on this"},{"speaker":"Erik van den Berg","startTime":1475.11,"endTime":1478.635,"body":"program. And we do the same in"},{"speaker":"Erik van den Berg","startTime":1478.635,"endTime":1482.355,"body":"our oncology program. We work"},{"speaker":"Erik van den Berg","startTime":1478.635,"endTime":1482.355,"body":"with a network of universities"},{"speaker":"Erik van den Berg","startTime":1482.355,"endTime":1486.915,"body":"and other suppliers from the"},{"speaker":"Erik van den Berg","startTime":1482.355,"endTime":1486.915,"body":"science side. We regularly have,"},{"speaker":"Erik van den Berg","startTime":1486.975,"endTime":1490.755,"body":"you know, Swiss grants, so the"},{"speaker":"Erik van den Berg","startTime":1486.975,"endTime":1490.755,"body":"local grant system granted to"},{"speaker":"Erik van den Berg","startTime":1490.755,"endTime":1493.695,"body":"us, where we then collaborate"},{"speaker":"Erik van den Berg","startTime":1490.755,"endTime":1493.695,"body":"with, you know, the University"},{"speaker":"Erik van den Berg","startTime":1493.695,"endTime":1497.415,"body":"of Basel, for example, of the"},{"speaker":"Erik van den Berg","startTime":1493.695,"endTime":1497.415,"body":"University of Zurich to bring"},{"speaker":"Erik van den Berg","startTime":1497.415,"endTime":1498.315,"body":"innovation further."},{"speaker":"John Simboli","startTime":1498.555,"endTime":1502.14,"body":"How significant a"},{"speaker":"John Simboli","startTime":1498.555,"endTime":1502.14,"body":"change do you envision if this"},{"speaker":"John Simboli","startTime":1502.14,"endTime":1503.58,"body":"works out in the way you hope it"},{"speaker":"John Simboli","startTime":1502.14,"endTime":1503.58,"body":"will?"},{"speaker":"Erik van den Berg","startTime":1503.0,"endTime":1505.76,"body":"I think it"},{"speaker":"Erik van den Berg","startTime":1503.0,"endTime":1505.76,"body":"will be a significant change,"},{"speaker":"Erik van den Berg","startTime":1505.76,"endTime":1510.2,"body":"yes. It's a real concern in"},{"speaker":"Erik van den Berg","startTime":1505.76,"endTime":1510.2,"body":"transplantation that you have a"},{"speaker":"Erik van den Berg","startTime":1510.2,"endTime":1514.28,"body":"BK virus infection, because if"},{"speaker":"Erik van den Berg","startTime":1510.2,"endTime":1514.28,"body":"you don't get it under control,"},{"speaker":"Erik van den Berg","startTime":1514.34,"endTime":1518.3,"body":"you know it will destroy your"},{"speaker":"Erik van den Berg","startTime":1514.34,"endTime":1518.3,"body":"kidney cells. And with that"},{"speaker":"Erik van den Berg","startTime":1518.3,"endTime":1521.48,"body":"kidney function, and with that,"},{"speaker":"Erik van den Berg","startTime":1518.3,"endTime":1521.48,"body":"over time, you're graft, you"},{"speaker":"Erik van den Berg","startTime":1521.48,"endTime":1524.6,"body":"will need to be re-transplanted,"},{"speaker":"Erik van den Berg","startTime":1521.48,"endTime":1524.6,"body":"if possible. As an example, here"},{"speaker":"Erik van den Berg","startTime":1524.6,"endTime":1528.365,"body":"in the US, you have, you know,"},{"speaker":"Erik van den Berg","startTime":1524.6,"endTime":1528.365,"body":"500,000 patients that  have end"},{"speaker":"Erik van den Berg","startTime":1528.365,"endTime":1533.165,"body":"stage renal disease and hence"},{"speaker":"Erik van den Berg","startTime":1528.365,"endTime":1533.165,"body":"have dialysis. 100,000 are on"},{"speaker":"Erik van den Berg","startTime":1533.165,"endTime":1536.465,"body":"the transplant list, and less"},{"speaker":"Erik van den Berg","startTime":1533.165,"endTime":1536.465,"body":"than 30,000 are transplanted"},{"speaker":"Erik van den Berg","startTime":1536.465,"endTime":1539.165,"body":"each year. So the average"},{"speaker":"Erik van den Berg","startTime":1536.465,"endTime":1539.165,"body":"waiting time for a transplant is"},{"speaker":"Erik van den Berg","startTime":1539.165,"endTime":1542.525,"body":"about five years in the US,"},{"speaker":"Erik van den Berg","startTime":1539.165,"endTime":1542.525,"body":"pretty similar in Europe. It's"},{"speaker":"Erik van den Berg","startTime":1542.525,"endTime":1547.565,"body":"even higher in Japan. With that"},{"speaker":"Erik van den Berg","startTime":1542.525,"endTime":1547.565,"body":"shortage of donors, and, of"},{"speaker":"Erik van den Berg","startTime":1547.565,"endTime":1550.85,"body":"course, a shorter graft life, if"},{"speaker":"Erik van den Berg","startTime":1547.565,"endTime":1550.85,"body":"you have a BK viral infection,"},{"speaker":"Erik van den Berg","startTime":1552.47,"endTime":1555.47,"body":"you know, on top of all the"},{"speaker":"Erik van den Berg","startTime":1552.47,"endTime":1555.47,"body":"concerns that it has for for"},{"speaker":"Erik van den Berg","startTime":1555.47,"endTime":1558.29,"body":"patients, whilst having this,"},{"speaker":"Erik van den Berg","startTime":1555.47,"endTime":1558.29,"body":"you know, infection and having"},{"speaker":"Erik van den Berg","startTime":1558.29,"endTime":1559.97,"body":"to deal with all sorts of"},{"speaker":"Erik van den Berg","startTime":1558.29,"endTime":1559.97,"body":"changes in your"},{"speaker":"Erik van den Berg","startTime":1559.97,"endTime":1563.33,"body":"immunosuppression, which is not"},{"speaker":"Erik van den Berg","startTime":1559.97,"endTime":1563.33,"body":"ideal. Yes, I think if we can"},{"speaker":"Erik van den Berg","startTime":1563.33,"endTime":1566.75,"body":"add then something to the mix,"},{"speaker":"Erik van den Berg","startTime":1563.33,"endTime":1566.75,"body":"with an antibody that"},{"speaker":"Erik van den Berg","startTime":1566.75,"endTime":1570.41,"body":"neutralizes the virus, can help,"},{"speaker":"Erik van den Berg","startTime":1566.75,"endTime":1570.41,"body":"you know, get rid of the virus"},{"speaker":"Erik van den Berg","startTime":1570.47,"endTime":1573.995,"body":"quicker, which is data that we"},{"speaker":"Erik van den Berg","startTime":1570.47,"endTime":1573.995,"body":"see from our phase two study,"},{"speaker":"Erik van den Berg","startTime":1574.115,"endTime":1577.715,"body":"where the BK virus infection"},{"speaker":"Erik van den Berg","startTime":1574.115,"endTime":1577.715,"body":"both measured in blood as well"},{"speaker":"Erik van den Berg","startTime":1577.715,"endTime":1580.295,"body":"as in the kidney, where it"},{"speaker":"Erik van den Berg","startTime":1577.715,"endTime":1580.295,"body":"replicates, it has a profound"},{"speaker":"Erik van den Berg","startTime":1580.295,"endTime":1586.835,"body":"effect on lowering the BK virus"},{"speaker":"Erik van den Berg","startTime":1580.295,"endTime":1586.835,"body":"presence in the kidney and in"},{"speaker":"Erik van den Berg","startTime":1586.835,"endTime":1589.715,"body":"blood. So I think it will have a"},{"speaker":"Erik van den Berg","startTime":1586.835,"endTime":1589.715,"body":"tremendous impact and become"},{"speaker":"Erik van den Berg","startTime":1589.715,"endTime":1594.275,"body":"part of the standard of care"},{"speaker":"Erik van den Berg","startTime":1589.715,"endTime":1594.275,"body":"where we say, well, let's use"},{"speaker":"Erik van den Berg","startTime":1594.275,"endTime":1598.76,"body":"the antibody and deal with the"},{"speaker":"Erik van den Berg","startTime":1594.275,"endTime":1598.76,"body":"virus in that way. If you're an"},{"speaker":"Erik van den Berg","startTime":1598.76,"endTime":1602.18,"body":"end stage renal disease patient,"},{"speaker":"Erik van den Berg","startTime":1598.76,"endTime":1602.18,"body":"and you can, this how patients"},{"speaker":"Erik van den Berg","startTime":1602.18,"endTime":1606.02,"body":"experience it, get the gift of"},{"speaker":"Erik van den Berg","startTime":1602.18,"endTime":1606.02,"body":"getting a transplant, and with"},{"speaker":"Erik van den Berg","startTime":1606.02,"endTime":1609.26,"body":"that, you're off dialysis,"},{"speaker":"Erik van den Berg","startTime":1606.02,"endTime":1609.26,"body":"right? You'll get to a"},{"speaker":"Erik van den Berg","startTime":1609.26,"endTime":1612.62,"body":"relatively normal life then"},{"speaker":"Erik van den Berg","startTime":1609.26,"endTime":1612.62,"body":"quickly again, it has a profound"},{"speaker":"Erik van den Berg","startTime":1612.62,"endTime":1614.6,"body":"impact on lives of people."},{"speaker":"John Simboli","startTime":1615.26,"endTime":1618.08,"body":"Is there anything"},{"speaker":"John Simboli","startTime":1615.26,"endTime":1618.08,"body":"about working in the Zurich area"},{"speaker":"John Simboli","startTime":1618.125,"endTime":1621.845,"body":"that that is similar to or"},{"speaker":"John Simboli","startTime":1618.125,"endTime":1621.845,"body":"different from other places"},{"speaker":"John Simboli","startTime":1621.845,"endTime":1622.325,"body":"you've worked?"},{"speaker":"Erik van den Berg","startTime":1622.6,"endTime":1625.54,"body":"It's a pretty"},{"speaker":"Erik van den Berg","startTime":1622.6,"endTime":1625.54,"body":"tightly knit, I think, ecosystem"},{"speaker":"Erik van den Berg","startTime":1625.54,"endTime":1628.72,"body":"that you have here. So Zurich"},{"speaker":"Erik van den Berg","startTime":1625.54,"endTime":1628.72,"body":"itself has a pretty large"},{"speaker":"Erik van den Berg","startTime":1628.78,"endTime":1633.34,"body":"startup field, also outside of"},{"speaker":"Erik van den Berg","startTime":1628.78,"endTime":1633.34,"body":"biotech, ETH is almost a"},{"speaker":"Erik van den Berg","startTime":1633.34,"endTime":1636.76,"body":"guarantee for a lot of spin outs"},{"speaker":"Erik van den Berg","startTime":1633.34,"endTime":1636.76,"body":"that is located here. So I think"},{"speaker":"Erik van den Berg","startTime":1636.76,"endTime":1640.3,"body":"it's a very good ecosystem in"},{"speaker":"Erik van den Berg","startTime":1636.76,"endTime":1640.3,"body":"Switzerland in general. And"},{"speaker":"Erik van den Berg","startTime":1640.3,"endTime":1642.52,"body":"there's always things to"},{"speaker":"Erik van den Berg","startTime":1640.3,"endTime":1642.52,"body":"improve, of course, but if I"},{"speaker":"Erik van den Berg","startTime":1642.52,"endTime":1646.825,"body":"look at it as an outsider in,"},{"speaker":"Erik van den Berg","startTime":1642.52,"endTime":1646.825,"body":"there's a willingness to create"},{"speaker":"Erik van den Berg","startTime":1646.825,"endTime":1649.825,"body":"spin outs from universities. Our"},{"speaker":"Erik van den Berg","startTime":1646.825,"endTime":1649.825,"body":"universities are very capable of"},{"speaker":"Erik van den Berg","startTime":1649.825,"endTime":1652.285,"body":"doing that. And maybe in some"},{"speaker":"Erik van den Berg","startTime":1649.825,"endTime":1652.285,"body":"countries, that's a longer"},{"speaker":"Erik van den Berg","startTime":1652.285,"endTime":1657.565,"body":"process, and there are more"},{"speaker":"Erik van den Berg","startTime":1652.285,"endTime":1657.565,"body":"academic resistance to it. So"},{"speaker":"Erik van den Berg","startTime":1657.565,"endTime":1661.945,"body":"people are more pragmatic here."},{"speaker":"Erik van den Berg","startTime":1657.565,"endTime":1661.945,"body":"If you want to get innovation to"},{"speaker":"Erik van den Berg","startTime":1661.945,"endTime":1665.905,"body":"patients or to people, in the"},{"speaker":"Erik van den Berg","startTime":1661.945,"endTime":1665.905,"body":"end, science needs to be"},{"speaker":"Erik van den Berg","startTime":1665.905,"endTime":1669.325,"body":"translated into a product."},{"speaker":"Erik van den Berg","startTime":1665.905,"endTime":1669.325,"body":"That's called innovation. And"},{"speaker":"Erik van den Berg","startTime":1669.55,"endTime":1673.03,"body":"the best setting for that is, of"},{"speaker":"Erik van den Berg","startTime":1669.55,"endTime":1673.03,"body":"course, in companies. And"},{"speaker":"Erik van den Berg","startTime":1673.09,"endTime":1678.13,"body":"there's a pretty broad support"},{"speaker":"Erik van den Berg","startTime":1673.09,"endTime":1678.13,"body":"also from the angel investor"},{"speaker":"Erik van den Berg","startTime":1678.13,"endTime":1682.99,"body":"side, from individuals or family"},{"speaker":"Erik van den Berg","startTime":1678.13,"endTime":1682.99,"body":"offices investing into also"},{"speaker":"Erik van den Berg","startTime":1682.99,"endTime":1685.87,"body":"biotech which have, of course,"},{"speaker":"Erik van den Berg","startTime":1682.99,"endTime":1685.87,"body":"typically, a long horizon. I"},{"speaker":"Erik van den Berg","startTime":1685.87,"endTime":1688.81,"body":"experienced that as more in"},{"speaker":"Erik van den Berg","startTime":1685.87,"endTime":1688.81,"body":"Switzerland than in other"},{"speaker":"Erik van den Berg","startTime":1688.81,"endTime":1693.355,"body":"countries. So lots of biotech"},{"speaker":"Erik van den Berg","startTime":1688.81,"endTime":1693.355,"body":"companies will have a wider"},{"speaker":"Erik van den Berg","startTime":1693.355,"endTime":1696.715,"body":"shareholder base because of"},{"speaker":"Erik van den Berg","startTime":1693.355,"endTime":1696.715,"body":"their early phases of life, they"},{"speaker":"Erik van den Berg","startTime":1696.715,"endTime":1702.055,"body":"relied, indeed, on also angels"},{"speaker":"Erik van den Berg","startTime":1696.715,"endTime":1702.055,"body":"investors to help the company"},{"speaker":"Erik van den Berg","startTime":1702.115,"endTime":1702.655,"body":"get going."},{"speaker":"John Simboli","startTime":1702.655,"endTime":1704.995,"body":"Eric, thanks for"},{"speaker":"John Simboli","startTime":1702.655,"endTime":1704.995,"body":"speaking with me today."},{"speaker":"Erik van den Berg","startTime":1704.995,"endTime":1706.915,"body":"My pleasure."},{"speaker":"Erik van den Berg","startTime":1704.995,"endTime":1706.915,"body":"Lovely, speaking with you as"},{"speaker":"Erik van den Berg","startTime":1706.915,"endTime":1707.095,"body":"well."}]}