546: When Speed to Market Matters Most | Richard Steinhart, CFO, Bioxcel Therapeutics

Published: Nov. 6, 2019, noon

When asked what sets BioXcel Therapeutics apart from other clinical-stage biopharmaceutical companies, CFO Richard Steinhart doesn\u2019t mention a specific drug or therapy. Instead, he describes a system that the company developed to advance the speed with which drugs are commercialized.

According to Steinhart, the biotech company\u2019s system uses artificial intelligence to reveal \u201chidden connections\u201d that, once exposed, can multiply opportunities for the application of certain drugs.

\u201cGood drug developers can see first connections between drugs and diseases and they are pretty apparent to everyone out there, but second- and third-degree connections are not apparent,\u201d explains Steinhart, who says that such connections have been too time-consuming and expensive to expose in the past.

\u201cThe last company I was with took 10 years to go from the discovery (of a drug to the licensing of the discovery to a phase two trial,\u201d adds Steinhart, who reveals that it was BioXcel\u2019s system for shortening the path to commercialization that first attracted him. \u2013Jack Sweeney

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