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Michelle Werner
EVP, President of North America (effective March 2026), Ipsen S.A.

Flagship Dialogues @ JPM: When Biotech Gets Personal with Michelle C. Werner & David Fajgenbaum

🎥 Jan 11, 2023 📺 Flagship Pioneering ⏱ 53m 👁 489 views
Flagship Dialogues @ JPM: A conversation between two leaders in our industry whose work is intensely personal. David Fajgenbaum, MD, was diagnosed with a rare disease – Castleman Disease – while in medical school and, through persistence and ingenuity found treatment where none had been available. He sat down with Flagship Pioneering CEO-Partner and CEO of Alltrna Michelle C. Werner who has similarly personal motivations for finding gene-modifying therapies for rare genetic diseases. About Flagship: Flagship Pioneering is a biotechnology company that invents and builds platform companies, eac...
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Transcript (41 segments)
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Host0:06
Welcome back to our Flagship studios here in San Francisco at the JPMorgan Health conference. I am delighted to introduce David Fajgenbaum, who we met at the Clinton Global Initiative earlier this year. We're inspired by his work and his book, which will be a topic of conversation between David and Alterna CEO Michelle Werner after a presentation by David. Dr. Fajgenbaum, the floor is yours.
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David Fajgenbaum0:41
We've tried everything, there's nothing more that we can do. I heard those words from my doctors, but I didn't understand until my family came to say their final goodbyes and a priest read me my last rites. I was 25 years old. Six months earlier I was a former college quarterback and medical student. I became critically ill with Castleman disease. In a last-ditch effort, my doctors gave me seven chemotherapies. I survived, but relapsed and nearly died four more times. My only hope was to repurpose an existing drug. I began testing my own samples, and sirolimus emerged. I tested it on myself, and January 5th marked nine years in remission. I married Caitlyn, we had two children, I wrote a book, and joined Penn to chase more cures. We've discovered 10 repurposed drugs for Castleman disease, cancer, and COVID-19. But there are 9,000 diseases without a single FDA-approved therapy. Repurposing is faster and cheaper, but three barriers exist: no centralized database, insufficient incentives, and no organization responsible. We launched Every Cure to build an open-source database. We've received $4 million in donated data and $500,000 in seed funding, unlocking 497 repurposing opportunities. We need $9.4 million more to build an AI-driven engine. We need funding, partnerships with organizations like Flagship, and tech partners to leverage AI. Join us so no one is ever told we've tried everything when a cure sits on the pharmacy shelf.
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Michelle Werner7:54
Oh thank you, thank you so much David for being here. It's really an honor to be in your presence. I've been spending the last few months pouring through your book and it really resonated tremendously.
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David Fajgenbaum8:11
Oh thank you, Michelle. I'm so happy to be here with you. That might be one of the most well-annotated copies of Chasing My Cure that I've seen. Really excited to chat today.
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Michelle Werner8:19
What I loved about the book but also terrified me is how similar it was to my own story. I am the CEO of Alterna and a CEO partner at Flagship, but my other day job is a wife and a mom. I'm not a patient, but I am a caregiver. Two and a half years ago, on my now 12-year-old's 10th birthday, we got a diagnosis of Duchenne muscular dystrophy. The floor dropped out from underneath us. We fell into a black hole of despair. Once we recovered, we started thinking about what we can do to turn that feeling into action, not just for our son but for others. I think there are a lot of similarities between what you're doing and what we're hoping to do. Why don't we start there?
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David Fajgenbaum10:22
I'd love that. I'm so devastated by what you and your family have had to go through, but since we've spoken, I've been so inspired by what you are doing, the action that you're taking. Thanks for sharing that with me and with the audience. Excited to chat about the questions you have.
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Michelle Werner10:39
So I want to start with the range of emotions. You talk about hope but also grief and how that was a catalyst for action. For me, it came from a place of hopelessness. Is it hope, grief, or hopelessness?
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David Fajgenbaum11:03
I think it's all relative. There were moments I felt hopeless, but because I believe in the power of science and medicine, I felt there was a one in a million chance. One person may look at that and say you're completely hopeless, but you could also say there's a chance. That little bit of hope drove my action. In the book, we talk about the virtuous cycle of hope and action. You hope a little, that drives you to take action, and success gives you more hope. But what do you think? Is one in a million odds enough to feel hope or is it hopelessness?
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Michelle Werner12:12
I'm right now choosing to focus on hope. I definitely went through a period of hopelessness. I've been in drug development for 20 plus years, and the devastation of understanding that there was not a single clinical trial or investigational agent that my son was eligible for was heartbreaking. The hopefulness came from choosing a path where instead of waiting for a clinical trial, we're designing our own clinical trial, even if it's an N of one. If that's enough for him to get something rather than nothing, we'll take that.
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David Fajgenbaum13:02
I love that. We talked about creating a silver lining. My mother taught me to look for silver linings, but what's even more powerful is to create a silver lining. In the midst of the storm, ask what can I do today to create a silver lining out of this awful thing. You're creating a silver lining not just for your family but for all the other patients and families that could be part of these trials. I love what you're doing.
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Michelle Werner13:57
Their diagnosis actually shifted your trajectory professionally. You were on a path to become an oncologist, living through your mother's legacy in Africa. Let's talk about that because it's something I'm experiencing myself as well.
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David Fajgenbaum14:15
For me, my mom was diagnosed with cancer while I was in college, and that drove me to go into medicine. Seeing both the promise and limitations of medications made me want to go into clinical oncology and cancer research. I was a third-year med student when I got sick myself. I had to make tough decisions. I decided to dedicate my life to research because I could never help other patients until I figured out a drug that could save my life. That was difficult, but it felt like the right thing. We both resonate with the concept of overtime. I had my last rights read to me at 25, and I consider that the start of my overtime. We're all in overtime, and that can be scary but also clarifying. When you're in overtime, the answer is always clear because the clock is ticking. That's how I feel every day. It sounds like you used that feeling to create clarity about what's important.
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Michelle Werner16:25
Exactly right. I've spent the last two decades focused on oncology, and we've made tremendous progress with checkpoint inhibitors and targeted therapies. But when my son was diagnosed, I saw how little was being done in rare genetic diseases. It made me feel a responsibility to channel my knowledge of the industry towards genetic diseases because there is such a need. That's one of the main reasons I came to Alterna, to apply that experience to make a fundamentally different outcome for patients who otherwise would not be served.
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David Fajgenbaum17:36
I love that. Oncology is a lot further ahead than other fields, but there's still major unmet need. The more we can learn from one another, even between fields, is important. That brings up the next topic: the impact of a fragmented, siloed world. Can you share your observations on why collaboration is so fundamentally important in rare diseases?
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Michelle Werner18:23
When you're dealing with a rare disease, by definition we're all rare. Sample sizes are small, biospecimens limited, funding limited, knowledge limited. In a common disease, you have the luxury of more resources, so maybe collaboration isn't as critical. But in rare diseases, you have to work together. Yet there's so much fracturing within the rare disease community. For one rare disease, there may be 15 or 50 different organizations, each with their own boards and research programs. Everyone wants to do the best for their kids, but it creates real problems. In the Castleman space, we were lucky that two organizations existed and we were able to partner with one, joining boards together. The other organization didn't want to partner and worked themselves out of business. But I know you've seen fracturing in the rare disease space.
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David Fajgenbaum21:04
Absolutely. Even in Duchenne muscular dystrophy, there are a number of patient groups. They all do great things, but biospecimens are everywhere and they're not sharing. To me, it's one of the things we have to do. In my current role, not just as a mom but as CEO, I wonder if there's a way to incentivize what I call 'coopetition' — cooperate but also compete. If we inspire and incentivize that, can we get the most out of what we have access to and apply it to rare communities? I think so. We've seen it with Every Cure, where companies that compete are making data available for free because they believe it can help patients. We talked about ways for the rarest of rare diseases to de-risk approaches by pooling money and ideas. Whichever idea helps patients, that group gets a bigger cut, but we all de-risk by going in together. I don't know of specific examples, but your comments inspired that idea. It's something that needs to be explored.
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Michelle Werner23:35
Let's switch gears. You talked about being in overtime where every second counts, every moment needs a purpose. I fundamentally agree, and it resonated with me even before my son was diagnosed. Let's talk about the sense of urgency. The situations you've been in, not knowing if you'd live another day. What do you think about the sense of urgency from a patient perspective and how you've applied it in your work as a researcher?
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David Fajgenbaum24:21
I think the COVID pandemic gave all of us a sense of what rare disease patients feel every day. When you have a disease like Castleman or Duchenne, you need a drug yesterday. We all felt that with COVID. It created a sense of urgency that we've always had in the rare disease space. The big question is how to bring that feeling to everything we do. Living in overtime can be terrifying, but it can also be clarifying. If we can use that sense of urgency to hone in on what we should focus on, it could make a major difference. One specific is the FDA's emergency use authorization, which allows promising treatments to be tried quickly. A similar process outside of an emergency would be great because there is an emergency for Duchenne and for Castleman patients who don't respond to current drugs. And the other is repurposing.
You have both an urgency to find drugs and at the same time you have drugs that are in the pharmacy that might be within walking distance if you or someone you love, and it's right there, and we just don't yet know that it could be a treatment for you or someone you love. To me, that feels like an emergency too: the fact that the treatment could be right there and we just haven't done the work to make the link, or maybe someone has done the work but we haven't lifted it up and done the clinical trial to prove it. I think both of those allow you to really accelerate progress.
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Michelle Werner27:19
It's really, really important. First of all, I'm just so thrilled that this is an approach that really worked for you. You've found something, you're doing so great. The fact that you've been in remission for nine years is an inspiration. It almost makes me wonder: if these medicines are there and they exist and they may be beneficial for patients all over the world, is there even a responsibility to really explore that and make sure we can truly understand the full extent of their applicability?
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David Fajgenbaum27:57
I agree. I really like the word responsibility for this because up until now, repurposing has been considered an opportunity: if we can do the right work to figure out that this drug could work for that disease, that would be great. But in my opinion, it's almost the inverse. It's not that wouldn't it be great if we could find one new use among the 3,000; I think it should be that we have a responsibility as a society, not even just the medical field, to unlock the full potential of every drug. I really don't believe that anyone should suffer when there's a drug at their pharmacy. In the same way that there have been global efforts to say no one should suffer because they can't afford medication or because that part of the world doesn't have access, we have overcome mountains to make sure that's not the case. It feels like the same sort of equity issue here: the drug is there, but the work just hasn't been done to connect this drug to this disease.
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Michelle Werner29:14
It's kind of interesting. In my case, I almost felt that way too, but from a clinical trial perspective. There's innovation happening in Duchenne; this is a hopeful time for this diagnosis. I believe we will be on the cusp of new medicines coming in the future, which will be great. The question about whether or not they'll be curative, time will tell. But the fact that my son wasn't eligible for any clinical trial also felt like an inequity. He was either too old or non-ambulatory, his mutation was in the wrong place. I understand why we design clinical trials the way we do, but that felt like such an unfair situation for him in particular. And just to talk about the sense of urgency: especially with my son's diagnosis, we're in a fortunate position in that he has a phenotype that is on the milder side, but it does limit his opportunities from a clinical trial perspective. We are still probably one major fall away from him not being ambulatory anymore, maybe one major respiratory illness away from him needing to be ventilated. To live in a way where you don't know if this is the day he falls or gets that virus — can you imagine living through COVID with that hanging over our heads? The urgency is so important. Of course, the urgency has always been there for patients; I saw it in oncology. But it really wasn't until I saw it through the lens of my own child that I truly understood how important it is to uncover every stone, make sure nothing goes unexplored, and push to the furthest extents of science to make a difference. We have to do it faster.
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David Fajgenbaum31:41
Exactly. I couldn't agree with you more. One thing I tell my team at Penn — I run a center at Penn — I tell them all the time that all the scientific questions we're exploring are going to be answered at some point, maybe 100 years or a thousand years, but it's a matter of time. The best thing we can do is answer them as quickly as we possibly can, because it's not can we answer it; humankind will answer all these questions. But we need to answer them now so that your son can get a drug in a year. It's all about time.
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Michelle Werner32:19
So you shared your experience testing a medicine for the very first time in a disease it had never been tested in. It takes a lot of courage to be patient number one. Let's talk about the emotions and decision-making. How do you tackle that type of really seeming unfathomable situation?
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David Fajgenbaum32:44
I think it's a situation you don't ever want to be in, but there were a lot of aspects that led me to say, 'Let's try this drug.' First off, I've told you about my wife Caitlyn. One thing I never could understand was how confident she was that I was going to find a drug to save my life. I wished I had her confidence. She had this unwavering confidence. That was helpful. I think there are three things that have helped during really difficult times. One: you need a really good vision for your future that you're working towards. In my case, we had a wedding date — May 24, 2014 — and I dreamed of a family with Caitlyn. I also wanted to keep searching for treatments for patients; I felt I had unfinished business if I couldn't find more drugs in my mom's memory. So one: the long-term picture. Two: I really believe in the power of support from the people you love. When I was struggling to breathe in the ICU or making decisions about taking this drug, I always had my sisters, my dad, and Caitlyn by my side. I receive strength from them. Three: taking things day by day or even hour by hour. When I was on my deathbed, if you told me I'd have six more months of pain, I couldn't have kept fighting. But I could fight for an hour or a day at a time. That formula — vision for the future, strength by your side, focus one hour one day at a time — had been refined because I nearly died five times. I knew what my disease could do. I had a wedding date I wanted to make it to. I thought this drug could work. I had okay amounts of data — probably a 10 or 15 percent likelihood realistically that it would work. But I had a vision for the future and knew I wasn't going to make it unless I tried something. We talked about hope and action; for me, it was time to take action. I started taking it. I can't even put into words — January 5th, nine years. I never could have imagined.
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Michelle Werner36:29
Did it help that at least you knew it was an approved medicine, even though tested in a fundamentally different population, so there was some foundational safety data that gave you confidence that perhaps this wasn't going to be the one thing that threw you over the edge?
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David Fajgenbaum36:48
Absolutely. Sirolimus has been around for decades, approved for kidney transplantation. It had never been used for Castleman's, but we know how it works: it blocks a part of the immune system called mTOR. I discovered that mTOR was highly active in my immune cells, and we've now found that's the case across Castleman disease. Unfortunately, the drug only works in about 15 to 20 percent of patients, but we find increased activation of this pathway uniformly. We knew how it worked, it had good safety data. There's a newer version, temsirolimus, but I liked the idea of the older version with decades of data. To your point, there was a real risk it could push me over the edge. If a part of your immune system is highly activated in a disease where your immune system attacks your vital organs, it could be a compensatory mechanism. The last thing you'd want to do is turn it off. But with a horrible disease and a vision for the future, and a drug that was safe and old, it was the right formula for me to start testing it.
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Michelle Werner38:11
If we think about conventional drug development, at some point there's always going to be a first patient. How do you think it would be to be that first time a novel mechanism never been tested before? Can you put yourself in the shoes of that situation? I can certainly put myself in those shoes because I, like you, have been in positions where I would have tried anything if it meant more time with my family. But I think it's a lot more difficult to do that. Think about the amazing work that Flagship does in developing new medicines that are always being tried in the first person, and the work we do in the lab at Penn. It's really heroic, patients who volunteer to be that first person.
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David Fajgenbaum39:10
I like that you use the word hero. I agree with you completely.
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Michelle Werner39:16
Maybe to share a little more about our situation: we are designing a clinical trial specifically for my son using a gene editing approach tailored to his mutation. He will be the first patient, and maybe the last, tested with this approach. We are working with a group of similar families in similar unfathomable situations. The very first patient to receive a CRISPR therapy for DMD was diagnosed just a few months ago. He was a hero in my mind. He was on the older side and unfortunately passed away. I won't speculate as to why; there's a lot to learn. But it makes me wonder: is it worth it? Should we do this? Do we rethink our strategy? Maybe we don't design a clinical trial and just accept the path he would otherwise have. It's a lot to think through. But when I think about that person, who I personally knew, the heroics of him knowing this was a possible outcome and choosing to go for it anyway. Before he entered the trial, he was asked why. He said, 'I'm doing it for all the boys, boys like my son, who come in my wake, where we will learn from this experience one way or the other.' The type of person it takes to be that person — I would say you're still that type of person despite the fact that sirolimus had been used before. We are surrounded by those types of individuals who are willing to step up to the plate every single day. I am so grateful and thankful for people like that who make the sacrifice you would never imagine necessary, but because of the advancement of science it could offer, how incredible that is.
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David Fajgenbaum41:50
Oh, it's incredible. That's so special and so touching. Thank you for sharing that with all of us. I think there are these incredibly courageous individuals who take a drug for the first time ever, and the incredibly courageous individuals who develop those drugs and get them to patients. We're in this ecosystem where we've all got to work together. Was it collaboration? Cooperation? I think we've got to figure out ways to all work together because what you shared about this gene therapy in your son's case, and sadly the patient before your son — this is why we go into medicine, to help these patients. Yet sometimes we get lost worrying about who's the first author on the paper, things that just don't matter. I thank you so much for sharing that story. All of us that are part of companies like Flagship, Penn, Every Cure, and beyond — this is why we're doing this.
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Michelle Werner43:07
Do you think there's a lesson for us as an industry on the shifting of risk? Patients like you, and certainly the family I just spoke about, are willing to take on this risk. But we live in a framework with lots of regulations, rightfully so, where risk is tried to be minimized. Do we think there's a lesson about shifting risk to patients and how that could speed up innovation and drug development?
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David Fajgenbaum43:42
Absolutely. Going back to COVID, some of the risk shifting that occurred with the federal government led to things moving more quickly. In drug development, it's a lot of risk-benefit and risk-reward calculus. When you think about drug repurposing, drugs at your pharmacy might be helpful for your disease, and the only thing between you and that drug is a prescription pad. I made the discovery about mTOR being activated in Castleman disease about two weeks before I was on a medication that hits mTOR. A lot of doctors would hesitate, but in my case there were no other options and I had decent data. When that's the case, there's an incredible opportunity: the drug is in the pharmacy, and all the doctor does is write a prescription. But there's also risk: the drug might not help and might cause harm. We need some ability within the system to restrain desires to try a harmful drug, but we also must not be so paternalistic to think that my doctor always knows the right risk-benefit ratio for me. My risk-benefit ratio might be different from my doctor's perception or your family's perception.
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Michelle Werner45:15
Super interesting. Of course, we don't want it to be the Wild West. There needs to be some measures, and we need to capture all those learnings because of the fragmentation and disconnection of data. We don't want to live in that type of world. Making sure there are mechanisms in place so we can share and inform the next best step.
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David Fajgenbaum45:42
It makes me think about what we're doing with Every Cure and drug repurposing. One part is utilizing existing data to find connections between drugs and diseases. Another part is working directly with companies to understand what assets or drugs they have that they couldn't pursue. If you make tough decisions, the quote I heard today was, 'You can do anything, but you can't do everything.' There are diseases you just can't pursue that drug in, and that's okay. But what's missing is a way to share that insight with a central broker, a Switzerland. We want Every Cure to be that Switzerland where anyone can share insight. 'I really thought sirolimus could be useful for this disease, we never pursued it, but you guys can.' It goes into our database, available to the world. We might say, 'That's worth a $5 million clinical trial; let's get philanthropic dollars together and do the trial that wasn't done initially.' That resonates as we think about risk. One company may say it's too risky, but another may like it. One company's trash is our treasure.
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Michelle Werner47:10
You're showing up today as your true authentic self. I love that you put yourself out there and share your story with all its challenges and with humility. It's really amazing. It wasn't always like this for you. You went through a period where you hid your diagnosis from those within the Castleman Disease Collaborative Network and when you were in your MBA. Can you share what it's like now that you're living your true authentic self?
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David Fajgenbaum47:48
When I started the CDCN, I brought together doctors and researchers from around the world. I didn't want to tell them I had Castleman disease because I was worried they would treat me differently and see me as biased. I think some of the stereotypes in our system are that we in the health profession think of patients in a different category. I didn't want my colleagues to think of me differently, so I didn't share for the first year and a half. Then I relapsed, lost my hair from chemo, came into a meeting and couldn't hide it anymore. I said, 'Yeah, I have this disease.' They had asked me for years why I was so interested in Castleman. Once I started sharing with my colleagues and classmates in business school, it felt liberating to just say, 'Yes, I have this horrible disease, I'm working on it.' It doesn't make me a better or worse scientist, but certainly more obsessed. Being able to share openly has been really helpful. I know you said that's been helpful for you too, as part of your grieving process.
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Michelle Werner49:18
I will say that this is somewhere we deviated. There aren't many ways, but this was one. When my son was first diagnosed, other than mustering the courage to tell my parents — which I did via text because that's how hard it was — I found it almost necessary to tell somebody, to say the words about my son's diagnosis. It was part of the grieving but also the coping, a way to normalize the situation and not hide from it. It was part of my recovery. Now I talk about it all the time. It is part of who I am. It drives me as a person, as a leader, in everything I'm doing at Alnylam. I can't imagine it not. When I look back at pictures from more than two and a half years ago before the diagnosis, I almost don't recognize the person because that was a person who wasn't a DMD mom. Now this is our family, and we've embraced it. I believe in transparency and honesty, putting your chips on the table, because that's a way to get the most out of ourselves and each other. It's just how I lead.
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David Fajgenbaum51:20
I love it. I think what you also realize is that all of us have our own things we're dealing with. Certainly different in many ways, but we're all dealing with challenges. When you can be authentic and open and share yours, it can make them feel more able to share their challenges as well.
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Michelle Werner51:39
Absolutely. I'm so grateful for you to be able to share yours as part of this dialogue today. I'd like to round up here with a passage from your book, which I've admired so much. If it's okay with you, I'd like to read just for a moment. 'So maybe just to the point you were saying: each of us has challenges that we're facing. I hope that you'll reflect on and find your Castleman disease, or that thing that you're hoping for and passionate about that motivates and inspires you, something that will change the world, your world, or a loved one's world for the better. And if it happens to be champion Castleman's, all for the better. That's great too. We all have the tools, though some of us need sharpening, to chase after and even solve those problems. Turning hope into action isn't ever easy, and the fruits of such labor take time to develop. But you just have to start. Start small. Do something, anything you can do to get closer to what you're hoping for, even if it seems like routine paperwork. Here you talk about my greatest regrets on your deathbed were actions I didn't take. Don't let those same regrets be yours. Think it, do it, and make every second count, because the truth is we're all in overtime.'
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David Fajgenbaum53:17
Thank you.