Certara CEO on strong IPO debut
CNBC's "Squawk Alley" team discusses Certara's IPO with CEO William Feehery. For access to live and exclusive video fromΒ ...
Chief Executive Officer & Director, Certara
Search every verified William Feehery interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. William Feehery, CEO of Certara, discussed the company's initial public offering on CNBC's "Squawk Alley" on September 17, 2021. He described Certara as a "nice profitable growing business" that provides biosimulation technologies, which he said are "changing the way that drug development is done." Feehery explained that biosimulation involves creating computer models of how a drug is absorbed, metabolized, and interacts with targets in the human body, as well as modeling effects across different populations. He stated that over 90% of new drugs approved by the FDA since 2014 have been from Certara's customers. Feehery noted that the company's software can simulate how a drug might affect different populations, and he said that some current events, such as allergic reactions to the Pfizer vaccine, would be "excellent use cases" for the technology. He attributed improvements in Certara's technology to advances in understanding biology and the accumulation of clinical data from the pharmaceutical industry. Feehery also stated that regulators, including the FDA, have been using the company's technology for a long time in evaluating submitted data.
“We've built a nice profitable growing business that delivers biosimulation technologies really changing the way that drug development is done in the world.”
“Right now over ninety percent of new drugs approved by the FDA since 2014 have been to certain customers so we're really really proud of that.”
“One of the key features of our software is the ability to simulate what's likely to happen with the drug in different types, different populations of people.”
“Some of what we're seeing here would be absolutely really excellent use cases for our software and our technology.”
CNBC's "Squawk Alley" team discusses Certara's IPO with CEO William Feehery. For access to live and exclusive video fromΒ ...
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