D.A. Wallach Explains Why Biotech VC Is So Different | Odd Lots

Most people think of venture capital as funding software startups or, these days, some new AI tool. But VC also plays a major role in developing new medicines and treatments. That’s the world of D.A. Wallach — though he didn’t start there. Before becoming a biotech investor, Wallach was the lead singer of the indie rock band Chester French. So how did he make the leap from music to venture capital? How does he spot promising biotech opportunities? What does it actually take to bring a new drug to market? And how does biotech investing differ from traditional VC? We talk to the co-founder of Time BioVentures about all of this — plus we get his thoughts on AI’s impact on music and a special performance. Introduction [0:00] Guest Introduction [2:27] Biotech Investment Fundamentals [5:37] Deal Sourcing and Market Dynamics [8:32] Industry Characteristics and "Tech Bio" Movement [11:18] AI in Drug Discovery [16:09] Clinical Trial Bottlenecks and Regulatory Issues [18:37] China Competition and Global Dynamics [24:23] Public Market Biotech Investing [26:56] Recent Biotech Downturn [29:23] US Drug Pricing and Global Markets [31:30] Political Environment and Public Trust [33:50] Healthcare System Autonomy and Insurance [37:52] Music, AI, and Creative Expression [39:32] New "Odd Lots theme song” [44:04] Closing remarks [45:31] #Biotech #VC #OddLots Join the conversation: discord.gg/oddlots Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Check out more Odd Lots:    • Odd Lots (Audio)   Get the Odd Lots newsletter via https://www.bloomberg.com/account/new... And for all things Odd Lots, visit https://www.bloomberg.com/oddlots Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets. #OddLots #Markets #Investing #Business #Finance #Podcast Visit us: https://www.bloomberg.com/podcasts For coverage on news, markets and more: http://www.bloomberg.com/video