On this week’s episode, Daphne Zohar, Eric Schmidt, Tess Cameron, Brian Skorney, and Yaron Werber discuss the state of the biotech market, emphasizing the resilience of the sector despite current downtowns. The IPO market also remains stagnant, with many companies trading below IPO prices.  The conversation shifts to notable deals, including Jazz Pharmaceuticals acquiring Chimerix for $935 million and AbbVie’s move into the obesity space with its $350 million acquisition of Gubra. The group discusses Pliant Therapeutics' discontinuation of the BEACON-IPF Phase 2b trial for bexotegrast in idiopathic pulmonary fibrosis following a data review by the Data Safety Monitoring Board and a secondary expert panel. Biohaven shared promising results from its Phase 1 study of BHV-1300, a potential IgG degrader for autoimmune diseases. The conversation then covers BMS’ decision to terminate MRTX1133, a G12D inhibitor from its $4.8bn acquisition of Mirati Therapeutics, and the challenges independent biotech companies face post-launch, including investor skepticism and long-term value pressure. In regulatory news, the group touches on FDA and NIH Senate hearings, vaccine policy debates, and concerns over the revolving door between industry and regulatory agencies, particularly with Pfizer’s hire of former FDA director, Patrizia Cavazzoni. They also discuss the broader implications of scientific credibility and public trust in healthcare institutions. The episode concludes with insights on professional networking best practices, emphasizing clear and specific outreach strategies, and a discussion on NASDAQ’s move to 24-hour trading, with mixed views on its potential on market dynamics. *This episode aired on March 7, 2025.