Exploring Space for Drug Development: A New Opportunity for Pharmaceutical Companies

Unlocking new opportunities in space, where pharmaceutical companies like Borang are revolutionizing drug development and manufacturing with the help of SpaceX and NASA.

1. Space is no longer just for scientific research, it also offers opportunities for biotechs and pharmaceutical companies.
2. Experimentation costs have significantly decreased with the introduction of SpaceX's Falcon 9 and Starship, making space more accessible.
3. The International Space Station (ISS) is expected to be replaced by a commercial space station around 2030, allowing for longer durations in space.
4. The ISS can be utilized as a unique laboratory for various research projects, including drug development and manufacturing.
5. Jack Lim, executive director of Borang, views space as both a new growth opportunity and a way to support human exploration.
6. NASA Commissioner Bill Nelson emphasizes the importance of inspiration in driving space exploration, alongside fuel.
7. The Humans in Space Challenge is an open innovation global challenge program aimed at discovering novel technologies and experiments for space healthcare.
8. Borang's initiative focuses on solving critical problems in space, such as health issues faced by future astronauts, and utilizing microgravity conditions to address earth-based health concerns lik
9. Collaborations with organizations like NASA's Human Research Program, Stanford, MIT, and Harvard Medical School provide valuable insights and expertise.
10. Some companies, like Lambda Vision, are already using space as a platform for developing new products, such as artificial retinas.
11. Borang's business model includes investing in startups through equity and covering their space launch costs.
12. The company supports applicants by connecting them with the right partners and platforms for their research and development needs.
13. Focusing on both short-term and long-term goals is essential when building a future in space exploration and healthcare.
14. Individual researchers and startups often struggle to connect with relevant partners, making platforms like Borang's initiative valuable for facilitating collaboration.
15. Building a strong network of prestigious universities and space agencies is crucial for connecting the right people and resources.
16. Collaboration between thought leaders and entrepreneurs is essential for achieving bold and visionary goals in space exploration and healthcare.
17. The International Space Station was built in 1998, serving as a foundation for developing a space healthcare ecosystem.
18. While opportunities in space were once limited to scientists and engineers, there are now opportunities for various professions, such as spacesuit development, insurance, hospitality, and more.
19. Startups should consider adapting their current business models or technologies for the space industry.
20. Space healthcare is a growing topic, with companies leveraging both space research and healthcare expertise to break into the space economy.
21. Space exploration offers countless opportunities for innovation and growth in various industries.
22. Embracing risk and being bold is important in driving progress in space research and development.
23. The future of space exploration and healthcare depends on collaboration, vision, and a strong network of partners and resources.
24. Now is an exciting time to get involved in the growing space industry, with opportunities for innovation and growth in multiple sectors.

Source: EO via YouTube

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