Lead From the Heart – Jean Jacques Bienaime
This episode is special and the first in a series of three. In partnership with ESCP Business School, I'll be giving the mic to ...
Former CEO, Biomarin
Search every verified Jean-jacques Bienaimé interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Jean-Jacques Bienaimé, former CEO and chairman of BioMarin Pharmaceutical, has discussed the company's development of gene therapies and its approach to drug pricing. In 2023, he stated that the company's gene therapy for hemophilia A showed positive trial results, with patients experiencing a 98% reduction in factor infusions and a decrease in bleeding episodes from 4.6 per year to less than one. He described the results as "as good as we could hope" and said the therapy would be a "transformational treatment" for patients. Bienaimé also commented on the broader biotech industry, saying that some venture-capital-funded biotech companies "probably should not be on the market today" and predicted a consolidation. Bienaimé has addressed the company's pricing strategy for its therapies, stating that the goal is to recoup investment while ensuring the healthcare system and patients save money compared to existing treatments. He noted that existing therapies for hemophilia cost around $500,000 per year in the U.S. and said BioMarin planned to use outcomes-based agreements to guarantee success. Reflecting on his tenure, Bienaimé acknowledged that the company became "overconfident" in its ability to get products approved after a history of success, which he described as a "mistake but a learning experience." He has also emphasized the importance of employees, patients, and investors, stating that "employees are the oxygen of any company."
“With one approval of a transformational medicine — which is what we research, develop and commercialize — we can dramatically change thousands of people's lives in just one swoop.”
“Being right is just the beginning in an organization — you have to convince the people that your decision is the right one, and that's much tougher.”
“We became overconfident in our abilities to get products approved when the clinical database was not perfect, and we got turned down by the FDA — that was a mistake but a learning experience.”
“I pulled together a coalition of biotech CEOs across the country to sign a letter to the U.S. federal administration because it was critical that patients receiving life‑saving therapies be allowed to remain in the United States.”
“We get to know many of our patients by name — we've known some since they were little kids in clinical trials, and today many are in college, married, working — the difference is night and day.”
“Employees are the oxygen of any company; customers and patients are the company's water; our investors are the food — without the oxygen, the other two don't matter.”
“We are going to have a DEI initiative because it's fundamental to the success of the business and the right thing to do — but we want to make sure we take the politics out of it.”
“We will fix pay inequities — for example in Brazil we realized women were underpaid compared to men in the same roles, and we committed to correct that within a year or two.”
“Leadership is convincing people to follow your direction to improve the condition of people around you and sometimes to make sacrifices for the greater good — there are recent examples in history, such as the situation in Ukraine, where leadership moved countries but not for the greater good.”
“1.7 euros in Germany are 2 million to 3 million in the U.S.”
“The truth is you don't want to make -- call it a bargain because we're talking about people's lives but the fact is that these prices are not nearly as much as what it costs the system to take care of these people and the system doesn't do a good job.”
“Today existing therapies ... in the U.S. is around $500,000 per year.”
“So our plan is to, you know, price the drug, to recoup our investment at the same time to make sure that the health care system as a whole and the patient would be saving money when they use our drug.”
“We can talk about we going to have signing outcome agreements where we guarantee success.”
“There were a lot of new biotech companies funded by venture capitalists and that probably should not be on the market today.”
This episode is special and the first in a series of three. In partnership with ESCP Business School, I'll be giving the mic to ...
Cramer spoke with BioMarin Pharmaceutical CEO Jean-Jacques Bienaimé on Wednesday. Sign up and learn more about the ...
#Biotech BioMarin CEO JJ Bienaimé joins Yahoo Finance Live’s Julie Hyman and Anjalee Khemlani to discuss the company's first gene therapy product targeted to patients dealing with hemophilia, the future of biotechnology, biotech stocks, and key takeaways from JPMorgan’s annual health care conference. Don't Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: • Elizabeth Holmes: 'Valley of Hype' [pre-sh... Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: • Video Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance:…
Jean-Jacques Bienaime, CEO and chairman of BioMarin Pharmaceutical, appeared on Tuesday's episode of "Mad Money," discussing trial results for the company's hemophilia gene therapy. Sign up and learn more about the CNBC Investing Club with Jim Cramer https://cnb.cx/3Ei22n4 » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast…
Jim Cramer chats with Jean-Jacques Bienaimé, chairman and CEO of BioMarin, which focuses on therapies to treat rare ...
Jim Cramer takes a key look inside the biotech sector with BioMarin CEO Jean-Jacques Bienaimé. What does the pharmaceutical player have in store? Hear all about its prospects in this exclusive interview. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC » Watch more Mad Money here: http://bit.ly/WatchMadMoney » Read more about BioMarin here: https://cnb.cx/2Kdonpv "Mad Money" takes viewers inside the mind of one of Wall Street's most respected and successful money managers. Jim Cramer is your personal guide through the confusing jungle of Wall Street investing, navigating through both opportuni…
Biotech has been under fire and few stocks have felt the sting more than BioMarin. Should you be buying the orphan drug maker after its recent move higher? » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC » Watch more Mad Money here: http://bit.ly/WatchMadMoney » Read more about BioMarin here: http://cnb.cx/1XJr42O "Mad Money" takes viewers inside the mind of one of Wall Street's most respected and successful money managers. Jim Cramer is your personal guide through the confusing jungle of Wall Street investing, navigating through both opportunities and pitfalls with one goal in mind -- to tr…
Biotech has been under fire lately. Few stocks have felt the sting more than BioMarin. Should you be buying the orphan drug maker after its decline? » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC » Watch more Mad Money here: http://bit.ly/WatchMadMoney » Read more about BioMarin here: http://cnb.cx/1RDkrfJ "Mad Money" takes viewers inside the mind of one of Wall Street's most respected and successful money managers. Jim Cramer is your personal guide through the confusing jungle of Wall Street investing, navigating through both opportunities and pitfalls with one goal in mind -- to try to hel…
Jun 30 -- Biomarin CEO Jean-Jacques Bienaime discusses the fears of the biotech bubble with Bloomberg's Alix Steel and Joe ...
Jim Cramer's interview with the CEO of orphan drug maker BioMarin, on its strength in the biotech sector and powerful pipeline.
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