Alchemy - Issue 28 | Page 11

“I actually think the future is really bright for our profession in what will be a very different world.” The faculty was honoured to host internationally renowned pharmaceutical scientist Dr Ian Wilding as presenter of the 2015 Barry L Reed Distinguished Lecture. Special Professor in the School of Pharmacy at the University of Nottingham, Dr Wilding is an internationally recognised expert in the design, development and clinical evaluation of drug delivery systems. Faculty dean Professor Bill Charman described Dr Wilding as a thought-leader, innovator, entrepreneur and alchemist: “An alchemist in terms of being able to link science, medicine development and commercialisation all together. There is a degree of alchemy required to do that successfully, as Ian has shown so many times in his career.” Dr Wilding’s lecture ‘The Pharmaceutical Industry 2020’ explored what the future may hold for the next generation of pharmaceutical scientists. He charted the decline of internal discovery and early development within large pharmaceutical companies, and the challenges and opportunities this represents. “My belief is that by 2020 large pharma will largely have ceased to undertake its own internal discovery activities,” Dr Wilding declared. “The landscape in which we are working is changing extremely rapidly.” increase in prominence. Speciality pharma will become more niche focused. Contract research organisations will change their business models.” What does this mean for us as pharmaceutical scientists? Dr Wilding believes we need to ensure our next generation of industrial scientists have a broad perspective of drug development issues. Learn more about Emeritus Professor Barry Reed and other presenters of the annual Barry L Reed Distinguished Lecture: monash.edu/pharm/about/events/barry-reed When Emeritus Professor Barry Reed retired from Monash in 2006 after 43 years of distinguished service, his colleagues sought to acknowledge his contribution to the faculty, university and pharmacy profession. The annual Barry L Reed Distinguished Lecture was established. The only named lecture series within the faculty, its first lecture was presented in 2008. “We must remember that early drug development is about understanding consequences. We have to know enough to engage with our colleagues on multiple issues that impact success or failure. It’s important that we understand how to pull people together to have that interplay of skills – still giving them expertise, but also providing context – the context in which to apply the science. I actually think the future is really bright for our profession in what will be a very different world.” Dr Wilding’s lecture was held at Parkville in June and attracted more than 300 guests – the largest audience in the history of the Barry L Reed Distinguished Lecture. Dr Wilding was subsequently awarded an honorary doctorate by Monash for his major contributions to international drug development. Dr Wilding explored what this new landscape may look like. “Whilst large pharma will reduce its footprint, there is growth in the satellites around it. Biotech will increase in size. Academia will 9