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Smital Shah brings a trifecta of chemical engineering, consulting, and finance experience earned at heavyweight companies like JP Morgan, Leerink, and Gilead to her role at clinical-stage RNA therapy biotech ProQR Therapeutics. We sat down for a deep conversation on the recipe for successful business and finance operations in an emerging biopharma organization.
2011 verursachte ein Tsunami vor der Küste Japans die Atomkatastrophe von Fukushima. Japan schaltete danach radikal alle Atomkraftwerke ab - jedoch nicht dauerhaft. Mittlerweile seien neun Reaktoren wieder hochgefahren worden, so Smital, "aber es ist nach wie vor ein hartes Ringen von kritischen Stimmen und von Auflagen und den Betreibern, die die Kraftwerke in Betrieb nehmen wollen".
As an Indian citizen living in the United States and working for a Dutch company, CFO Smital Shah frequently spends her days on conference calls with investors from Asia, Israel, or Europe. On every investor call, at every board meeting, and at every employee gathering, the same question gets asked: “How far is ProQR from serving patients?” Each time she hears this, the firm’s worldly finance leader provides a thoughtful and measured response. This is a question that punctuates the tenure of finance chiefs inside every clinical stage start-up, and one that Shah says has led her to seek out any synergies that she can between the finance function’s accounting and compliance processes and ProQR’s greater goal of creating medicines for patients who suffer from rare diseases. Shah asks: “How do we facilitate—within the confines of finance—what we need to do in order to achieve this?” ProQR expects to have collected the necessary data from its ongoing clinical trials to seek out approval for its new medicine from the Food and Drug Administration by early 2021 or perhaps sooner. As for the “confines of finance,” any functional borders within ProQR have clearly already been breached by Shah, who implores her finance team to regularly listen to those beyond the functional boundaries. “This is about understanding that you as an individual contributor cannot always affect the magnitude of change that you want. Change will depend on your team and all of the stakeholders around it. So I think that this is about stakeholder management and truly listening to all and realizing that you achieve impact as a group,” explains Shah, whose finance leadership mind-set is perhaps the offspring of a borderless career. –Jack Sweeney Subscribe to CFO Thought Leader Quarterly magazine or buy our latest issue HERE
Über acht Jahre nach dem Atomunglück von Fukushima hat ein japanisches Gericht drei ehemalige Manager des Kraftwerksbetreibers Tepco vom Vorwurf der Fahrlässigkeit mit Todesfolge freigesprochen. "Es ging im Prozess darum, dass man schon vor zehn Jahren gewusst hat, dass ein Tsunami eine schwere Atomkatastrophe auslösen kann und dass diese Wahrscheinlichkeit gar nicht so gering ist", so Smital.
Eboy talk about the influence of having kids, the computers they used, their heroes Einsturzende Neubauten and their plans for the future. Knowledge Magazine article on Eboy :: Eboy heroes Einsturzende Neubauten :: File Download (8:06 min / 9 MB)
Eboy talk about cooking, eating, the wonderful world of pixels, designing toys and ‘designer toys’. Eboy pixel posters :: Peecol toys - images from the Eboy talk at Pictoplasma conference :: Eboy toy prototype :: File Download (12:23 min / 14 MB)
Eboy is Kai Vermehr, Peter Stemmler, Steffen Sauerteig and Svend Smital. They talk about religion and rituals. How did they get together? How do they divide the work? What defines the Eboy style? Also: relaxing with ‘Soldier of Fortune II’ and a trampoline. And why did Peter move to New York? Eboy website :: Eboy fonts 1 :: Eboy fonts 2 :: Eboy fonts 3 :: Eboy fonts 4 :: Soldier of Fortune II :: File Download (12:32 min / 14 MB)