Making Medicine

Incubate Coalition

There's a scientific breakthrough in your medicine cabinet. But how did it get there? At a time when medicines are helping us all live longer and healthier lives, this podcast will explore where these taken-for-granted miracles come from, how many of them almost never happened, where the life science ecosystem is taking us next, and most importantly, what it means for patients. From chance meetings that led to new ideas, to risky investments that never pay off, hear from the people behind today's and tomorrow's treatments, vaccines, technologies, devices, and yes, cures. In this golden age of health discovery and innovation fueled by record breaking investment in the life sciences, we'll bring guests who really understand what it means to be Making Medicine.

  1. 1D AGO

    TrumpRx Explained: Cash Markets, MFN, and What This Moment Means for Drug Pricing

    TrumpRx has quickly become part of the broader drug pricing conversation, not as a new insurance program or pharmacy, but as a government website highlighting direct-to-patient cash pricing options for certain brand-name medicines. In this episode of the Making Medicine Podcast, host John Stanford walks through what TrumpRx is, what it isn’t, and why it’s generating attention right now. Rather than setting prices or replacing insurance, the platform points patients toward manufacturer-listed cash prices for select innovative drugs, bringing another pathway to medicine outside traditional insurance channels. The episode also steps back to examine the larger shift this represents. Cash markets for prescription drugs have been growing in visibility, from coupon platforms like GoodRx to cost-plus pharmacy models like Mark Cuban Cost Plus Drugs. TrumpRx enters that landscape from a different angle, one tied, at least rhetorically, to “Most Favored Nation” policy discussions and broader debates about international price comparisons. We discuss early reactions and critiques, including questions about whether some listed products are actually the lowest available option, particularly when lower-cost generics exist. That tension underscores a bigger point: patients often have to shop around, and the system remains opaque enough that even policymakers, manufacturers, and payers frame pricing differently. More broadly, this moment reflects a structural reality in American healthcare. High deductibles, rebate dynamics, and insurance design can make paying cash cheaper than using coverage, a counterintuitive outcome that continues to fuel debate. Finally, we touch on how pricing policy conversations intersect with innovation. Short-term affordability tools, cash-market visibility, and long-term price regulation debates are often discussed together, but they have different implications for investment, drug development, and patient access over time. TrumpRx may or may not be transformative. But it is a visible signal of where the drug pricing conversation is headed: toward transparency, toward cash markets, and toward renewed debate over how the U.S. balances cost, competition, and innovation. Join the Conversation ⬇️ Is Trump RX a meaningful transparency tool or just a temporary fix for a broken insurance system? Do you find it cheaper to pay cash for prescriptions rather than using your insurance copay? Do you believe price controls will help affordability or hurt the development of new cures?  Like and Subscribe on YouTube ▶️ If you're new to the Making Medicine Podcast, we're happy you're here! Follow us for more: https://x.com/MakingMedPod https://www.instagram.com/makingmedicinepod/ https://www.linkedin.com/showcase/making-medicine-podcast/about/?viewAsMember=true Timestamps 0:00 Disclaimer: Not Medical, Financial, or Legal Advice 0:42 Introduction: What Is Trump RX? 0:59 How Trump RX Works as a Drug Discount Hub 1:56 Trump RX vs GoodRx vs Mark Cuban’s Cost Plus Drugs 3:03 Early Criticism and Generic Price Comparisons 5:03 Trump RX vs Most Favored Nation (MFN) Pricing 6:12 Free Market Tool or Price Control Policy? 7:29 Why High Deductibles Changed the Drug Market 8:22 Insurance Opacity and the Rise of Cash Markets 9:34 PBMs, Gag Clauses, and Hidden Pricing Structures 11:24 Why Cash Can Be Cheaper Than Insurance 12:13 Final Takeaways: Reform, Transparency, and Innovation DISCLAIMER: We’re reporting on the headlines, not making medical recommendations. For personal health questions, always consult a doctor.

    14 min
  2. FEB 5

    Speed, Scrutiny, and Spending: How Washington Is Reshaping the Future of Medicine

    Washington is navigating a period of significant change in health policy, with implications for how new medicines are developed, reviewed, and paid for. In this episode of Making Medicine, we take a closer look at several recent developments shaping the life sciences landscape. We discuss the FDA’s new priority review voucher pilot and the debate around how the agency can balance speed, scientific rigor, and public trust as it works to accelerate patient access to therapies. We also break down new reforms aimed at increasing transparency in Medicare Part D and reining in pharmacy benefit manager (PBM) practices, exploring what these changes could mean for patients, payers, and innovators across the system. Finally, we examine emerging international reference pricing proposals, including the GLOBE and GUARD concepts, and the broader conversation about how the U.S. can maintain its leadership in biomedical innovation while addressing affordability and global competition. If you care about the future of medical innovation, and the policy decisions shaping it, this episode offers context, clarity, and a balanced look at what’s ahead. Link to article: https://www.washingtonpost.com/opinions/2026/02/03/vaccine-development-moderna-rfk-china-drug-prices/ Join the Conversation ⬇️ Do you believe the government has become the biggest obstacle to the next American cure? Will the U.S. lose its status as the world leader in medical breakthroughs by 2030? Is the FDA's new 'National Priority' pilot a necessary evolution for 21st-century medicine, or is it a dangerous bypass of the scientific checks and balances that protect us all? Drop your thoughts in the comments below 👇 If you're new to the Making Medicine Podcast, we're happy you're here! Follow us for more: https://x.com/MakingMedPod https://www.instagram.com/makingmedicinepod/ https://www.linkedin.com/showcase/making-medicine-podcast/about/?viewAsMember=true Timestamps 0:00  The 1,000-pound predator and the regulatory coup 0:23  Science, policy, and a destabilized ecosystem 1:10  The controversial FDA town hall 2:20  Skipping Congressional approval 3:54  Reforming PBMs in the funding package 5:10  How PBMs siphon half the cost of your medicine 6:55  Why "sunlight" isn't lowering pharmacy prices yet 7:54  GLOBE, GUARD, and foreign price controls 8:32  Why biotech is fleeing to rival markets 9:30  Shifting from price controls to insurance reform 10:12  Addressing out-of-pocket costs  10:45  FDA Approvals Corner DISCLAIMER: We’re reporting on the headlines, not making medical recommendations. For personal health questions, always consult a doctor.

    11 min
  3. JAN 29

    Live From JPM 2026: Is This the End of American Biotech Leadership?

    The race is being won by someone else. While the headlines focus on the prestige of JPM 2026, a much quieter and more dangerous shift is happening behind the scenes. In this special edition of The Making Medicine Podcast, John Stanford sits down with Terzel Vasquez of STAT Brand Studio to discuss why the American biotech engine is beginning to stall. Stanford argues that capital flows like water, and right now, poorly designed Washington policies are acting like boulders in the stream, forcing vital investment away from life-saving small molecules and rare disease research. The conversation pulls back the curtain on a massive cognitive dissonance in modern policy. By attacking the end of the value chain, specifically the large manufacturers who bring drugs to the finish line, lawmakers are inadvertently starving the early-stage startups they claim to protect. From the Pill Penalty to the looming shadow of China’s bio-dominance, this episode explores why biotech has officially moved from a healthcare issue to a critical national security prerogative.  Join the Conversation Is U.S. biotech leadership still a "national security priority," or have we already ceded the lead? If “unintended consequences" force a choice between a $100,000 injectable biologic and a $200 oral pill that never gets funded, who actually wins? Is Washington "fixing" the price of medicine, or just distracting us from a broken insurance system? If you're new to the Making Medicine Podcast, we're happy you're here! Follow us for more: https://x.com/MakingMedPod https://www.instagram.com/makingmedicinepod/ https://www.linkedin.com/showcase/making-medicine-podcast/about/?viewAsMember=true Timestamps 0:00  Policy Warning & Headlines  0:23  JPM 2026: Incubate Briefing  0:36  Capital Flight: Policy Barriers  1:24  The IRA "Pill Penalty"  2:22  Rare Disease Funding Gap  2:32  The $1 Billion Fix  3:18  The Innovation Relay Race  4:24  The Movie Studio Paradox  5:28  China’s "Green Light" Strategy  6:58  Biotech: National Security Asset  9:20  The $3 Billion Drug Cost  10:18  Insurance Breakdown & Access  11:36  Fixing the Root Issue DISCLAIMER: We’re reporting on the headlines, not making medical recommendations. For personal health questions, always consult a doctor.

    12 min
  4. JAN 22

    How Global Competition and U.S. Policy Choices Are Reshaping Biotech | Live at JPM 2026 (Part 2)

    Is the U.S. at risk of losing its edge in biotech innovation? Filmed live at JPM 2026, host John Stanford sits down with industry leaders who are deep in the work,what one panelist calls the “frogs in the mud”, to unpack how long-term global strategies, shifting capital flows, and U.S. policy decisions are reshaping the biotech landscape. Rather than framing innovation as an all-or-nothing rivalry, the conversation focuses on a harder truth: the U.S. cannot isolate itself from global science, but it can fall behind if domestic policies make innovation harder at home. While Washington often debates from 30,000 feet, this panel dives into the operational realities founders and investors face every day, from the implications of the National Security Commission’s recommendations, to the looming $350B patent cliff, to the “Valley of Death” threatening early-stage companies. We also examine how pricing uncertainty under the IRA, regulatory friction, and capital constraints intersect, and highlight a recent breakthrough in SBIR funding that offers a glimpse of what pro-innovation policy can look like when it’s done right.  The takeaway is clear: safeguarding U.S. biotech leadership isn’t about cutting science off at the knees or cutting off collaboration, it’s about championing policies that keep America the best place in the world to discover, develop, and scale new medicines. Watch to understand the real, ground-level forces shaping the future of biotech, and what policymakers need to get right next. Join the Conversation Is the U.S. still the global center of gravity for biotech innovation, or are we relying too heavily on past momentum? What poses the greater long-term risk to patients: short-term cost controls, or policies that reduce where and how new medicines get developed? In the biotech “Valley of Death,” what matters more for survival: access to capital, or regulatory speed and predictability? Drop your thoughts in the comments below. If you're new to the Making Medicine Podcast, we're happy you're here! Follow us for more: https://x.com/MakingMedPod https://www.instagram.com/makingmedicinepod/ https://www.linkedin.com/showcase/making-medicine-podcast/about/?viewAsMember=true Timestamps 0:00  Intro: Is the U.S. losing the biotech arms race?  1:10. "Frogs in the Mud": Why D.C. policy misses the mark  3:45  The 20-year Chinese strategic plan for biotech  6:15  How IRA price controls stifle American innovation 9:30  Strategic prioritization: Can the U.S. catch up?  12:50  The $350B patent cliff and global market impacts  16:20  Navigating the "Valley of Death" for startups 20:05  Clinical trial speed: Why China is outperforming the U.S. 24:30  SBIR breakthrough: New hope for early-stage funding 28:10  The "Playbook for Congress" and the road to 2030 DISCLAIMER: We’re reporting on the headlines, not making medical recommendations. For personal health questions, always consult a doctor.

    30 min
  5. JAN 15

    Innovation at a Crossroads | Live at JPM 2026 (Part 1)

    Filmed live at the JPMorgan Healthcare Conference 2026, this episode of the Making Medicine Podcast examines how global power shifts are reshaping the pharmaceutical industry. This Part 1 conversation features host John Stanford with former Senator Richard Burr and EU Commissioner Phil Hogan as they discuss whether the pharmaceutical industry is losing its long-held “geopolitical immunity.” As thousands of leaders gather in San Francisco for the year’s biggest healthcare event, the discussion offers a roadmap for navigating the shift from business as usual to a new era of geopolitical scrutiny. What do you think is the biggest "opportunity in the chaos" for biotech in 2026? Do you believe the FDA will become more or less predictable under the current administration? How should global pharma companies prepare for the rise of "MAHA" and lifestyle-focused health policy? If you're new to the Making Medicine Podcast, we're happy you're here! Follow us for more: https://x.com/MakingMedPod https://www.instagram.com/makingmedicinepod/ https://www.linkedin.com/showcase/making-medicine-podcast/about/?viewAsMember=true Timestamps 0:00 Welcome to Making Medicine 0:47 Meet the Panel: Senator Richard Burr & Commissioner Phil Hogan 2:21 2026 Outlook: The Disruptive Impact of the Second Trump Admin 3:51 Finding Opportunity in Policy Chaos 6:06 Why Pharma Lost Its "Geopolitical Immunity" in Trade 8:44 Most Favored Nation (MFN) and Global Pricing Realities 10:14 Defining "MAHA" and the Future of Health Policy 11:43 The Power of Direct Engagement: Bringing CEOs to the Hill 15:02 The FDA in 2026: Stability vs. Disruption 17:49 AI and Robotics: The New Subsectors of Medicine 19:08 China, Russia, and the Protection of the Single Market 25:15 2026 Predictions: Cultural Shifts and Economic Roller Coasters DISCLAIMER: We’re reporting on the headlines, not making medical recommendations. For personal health questions, always consult a doctor.

    30 min
  6. JAN 8

    CMS Drug Pricing Proposals and What JPM 2026 Signals

    In this episode of the Making Medicine Podcast, John Stanford previews new CMS drug pricing proposals and explains how they could shape biotech investment and innovation. The conversation looks ahead to the JPMorgan Healthcare Conference, where policy, capital formation, and global competition are expected to drive discussion. The episode breaks down the Globe and Guard Medicare models, their potential impact on R&D, and what founders and investors are watching next. It also explores how pricing uncertainty can influence early-stage biotech and global competitiveness. Finally, the listener Q&A highlights where AI is gaining traction across therapeutic areas. Join us in San Francisco: https://www.eventbrite.com/e/innovation-at-a-crossroadsbiopharma-policy-in-an-era-of-global-competition-tickets-1965538834565?aff=oddtdtcreator Click here to be featured in an Incubate short: https://calendly.com/grace-incubatecoalition/incubate-shorts-jpm-2026?month=2026-01  What should innovators and investors watch most closely as these proposals move forward? How might policy signals from JPM influence biotech decision-making in 2026? Where do you see the biggest opportunities for AI in medicine right now? If you're new to the Making Medicine Podcast, we're happy you're here! Follow us for more: https://x.com/MakingMedPod https://www.instagram.com/makingmedicinepod/ https://www.linkedin.com/showcase/making-medicine-podcast/about/?viewAsMember=true  Timestamps: 0:00 Welcome and disclaimers 0:17 Episode overview and JPM preview 0:50 Why Incubate produces Making Medicine 1:43 Why policy matters at JPM 2026 3:30 CMS announces new drug pricing proposals 4:26 Globe Part B and Guard Part D explained 5:53 Comment period and policy intent 6:45 Global pricing and international context 8:47 Implications for biotech innovation 10:17 Listener Q&A: AI in drug development 11:56 Closing thoughts and JPM logistics DISCLAIMER: We’re reporting on the headlines, not making medical recommendations. For personal health questions, always consult a doctor.

    12 min
  7. JAN 1

    How Policy Shapes the Future of Life Sciences

    In this New Year episode of the Making Medicine Podcast, we revisit a full-length conversation with U.S. Senator Thom Tillis of North Carolina, focused on the policies shaping US life sciences. The discussion explores intellectual property, drug pricing dynamics, regulatory balance, and how innovation ecosystems grow at the state and national level. The episode examines approaches to sustaining research and development while maintaining global competitiveness. It also considers the long-term implications of regulatory uncertainty and international competition. Which policy issue do you think most impacts biotech innovation today? How should decision-makers balance affordability and long-term R&D investment? What does the US need to maintain leadership in life sciences? If you're new to the Making Medicine Podcast, we're happy you're here! Follow us for more: https://x.com/MakingMedPod https://www.instagram.com/makingmedicinepod/ https://www.linkedin.com/showcase/making-medicine-podcast/about/?viewAsMember=true Timestamps: 0:00 Episode disclaimer  0:17 Welcome to Making Medicine and episode overview 0:30 Why this conversation matters for 2026 1:24 Introducing Senator Thom Tillis 2:16 Building a life sciences ecosystem in North Carolina 3:43 Economic impact of biotech investment 4:27 Tax and regulatory strategy for innovation 7:52 Balancing reform and economic stability 9:58 Why intellectual property matters for life sciences  12:18 Government involvement and innovation risks 13:51 Drug pricing policy and unintended consequences 17:05 R&D investment impacts and innovation trade-offs 20:26 Global competition and China’s growing role 22:55 Changing the narrative around life sciences 26:52 What’s next after public service 28:58 Closing reflections and future outlook DISCLAIMER: We’re reporting on the headlines, not making medical recommendations. For personal health questions, always consult a doctor.

    30 min
  8. 12/25/2025

    Year in Review: Biotech Innovation, Policy, and Global Competition

    In this special holiday episode, the Making Medicine Podcast looks back at standout conversations since the show’s July relaunch, covering biotech innovation, research funding, and global competitiveness. Highlights include discussions with industry leaders on venture capital, R&D stability, manufacturing, and the importance of a connected life sciences ecosystem. The episode also revisits conversations on international competition, commercialization challenges, and how policy choices shape innovation outcomes. Together, these moments underscore why long-term investment and coordination across the value chain matter for patients and progress. Which conversation stood out most to you this year? What policy or innovation topic should we explore more deeply in 2026? How do you see global competition shaping the future of biotech? If you're new to the Making Medicine Podcast, we're happy you're here! Follow us for more: https://x.com/MakingMedPod https://www.instagram.com/makingmedicinepod/ https://www.linkedin.com/showcase/making-medicine-podcast/about/?viewAsMember=true  Timestamps: 0:00 Show disclaimer and welcome 0:23 Holiday greeting and episode overview 1:00 Industry snapshot and biotech competitiveness 3:36 R&D funding, NIH, and innovation stability 5:36 Global competition and maintaining leadership 8:23 Risks and resilience of the innovation economy 8:46 Policy ideas to support US biotech 14:12 Global perspectives on commercialization and pricing 17:20 Integrating early innovators and large pharma 21:27 Policy, pricing, and innovation trade-offs 27:37 IP, R&D incentives, and unintended consequences 28:23 Closing reflections and looking ahead to 2026 DISCLAIMER: We’re reporting on the headlines, not making medical recommendations. For personal health questions, always consult a doctor.

    29 min

Ratings & Reviews

5
out of 5
15 Ratings

About

There's a scientific breakthrough in your medicine cabinet. But how did it get there? At a time when medicines are helping us all live longer and healthier lives, this podcast will explore where these taken-for-granted miracles come from, how many of them almost never happened, where the life science ecosystem is taking us next, and most importantly, what it means for patients. From chance meetings that led to new ideas, to risky investments that never pay off, hear from the people behind today's and tomorrow's treatments, vaccines, technologies, devices, and yes, cures. In this golden age of health discovery and innovation fueled by record breaking investment in the life sciences, we'll bring guests who really understand what it means to be Making Medicine.