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Interview, Fireside Chat

Dr. Tony Coles, President, CEO and Chairperson of Cerevel Therapeutics

  • The biopharmaceutical sector is projected to enter a "platinum age of science" where breakthroughs arrive at a "breakneck speed," accelerating the search for vaccines.
  • Consumerism trends initiated in the 2000s are expected to persist, driving increased information transfer to consumers to facilitate dialogue with physicians.
  • Discourse surrounding pricing, reimbursement, and value chains is anticipated to necessitate greater transparency in both therapy development and operational value chains.
  • Technological advancements are forecast to displace an estimated 60% of jobs, a shift that disproportionately affects African Americans.
  • Without specific interventions concerning technology and employment, the unemployment rate for Black Americans is projected to rise to between 20% and 25% by 2030.
  • Business leaders are expected to face sustained public scrutiny, with 60% of respondents indicating they will purchase from or boycott companies based on their response to national unrest.
  • Approximately 70% of adults aged 50 and older are expected to believe businesses have a moral obligation to host, drive, and affect change regarding social issues.
  • Companies failing to reconcile with current social topics are considered likely to suffer negative revenue impacts and risk being left behind.
  • The business community is expected to maintain a clear and ongoing public voice on social debates, with no expectation of retreating from these engagements.
  • The process of addressing 400 years of systemic racism is characterized as a difficult undertaking that is unlikely to be achieved overnight.