We monitor developments in commercial biotech for our
Twitter account @businesssnippet (see here) and so that we can best
advise our clients. Over the last 2 years we’ve developed a sense of the blogs
that are most useful to us and why. Here are our thoughts on the matter.
1. Insight and Context
The best bloggers are able to add a lot of insight and
context to the facts of a story. An individual event will be placed in the
context of what is happening in the biotech world, for example an M&A
bubble or the trend towards personalised medicine or virtual structures. That
will make their posts much more readable. Luke Timmerman (former Xconomy
writer) is an example that comes to mind, though he is no longer blogging (see
his Twitter account here). We
also very much enjoy reading Bruce Booth at ‘Life Sci VC’ (see here).
2. Unafraid of Controversy
It’s quite easy to tell after a while which blogs mention
the controversies that happen in the pharma world and which do not. Pharmalot is not a blog that we follow
regularly but it is unafraid of controversy and whistleblowing. It is in the
process of moving to The Wall Street Journal (see here).
3. Bias
The biotech/pharma world is a complex one and it’s quite
easy to become entrenched in a particular position. We find the best posts come
from writers who are appreciative of the different perspectives that can be
taken (i.e. pro-pharma, pro-patient, pro-patents, pro-developing world, etc).
4. Catching Everything
Some blogs are able to offer a ‘news service’ where they can
be relied on to report every significant event. The Big Red Biotech Blog [Update: this blog is no longer online] and FierceBiotech
(see here) fall into those
categories. Both are able to analyse individual stories to give the wider
context in very readable posts.
5. Timeliness
Blogs need to report stories quickly if they are going to be
a good ‘new service’. FierceBiotech can be relied on to do
this.
6. The Grass Roots/Insiders
Biotech/pharma seems to need contact with ‘insiders’ to
deliver the best articles. Reading the everyday publicity is probably very deceptive
to what’s really going on. Luke Timmerman and Derek Lowe’s ‘In The Pipeline’
(see here) seem to deliver this.
7. The Hype
A good biotech writer must be able to see beyond the hype.
Derek Lowe is an example of a writer that has the correct level of scepticism
to ask the right questions.
8. US Focus
All the blogs we look at frequently are based in the US. The
US is simply more developed in the area of specialist blogging and also
probably has more organisations and journalists collecting and disseminating
data. European biotech seems like a black hole in comparison. We do like the UK
blog ‘Drug Baron’ though (see here).
9. Analytical vs Academic vs Journalistic
When evaluating posts we distinguish between the purpose and
style of each writer. Life Sci VC is
close to ‘academic’ in the quality of analysis and writing, but publishes less
often. The Burrill Report (see here) is somewhere in the middle.
You may also wish to see related articles 10
Observations on Different Types of Research and 10
Points from Deloitte's '2014 Global Life Sciences Outlook' Report.
No comments:
Post a Comment