I'll start:
1. The Pharmagellan Guide. Very practical and useful
2. Pick an introductory book to Molecular Biology. I'm serious
3. Bottle of Lies (cliche-ish?)
4. Bad Blood (cliche)
5. Anything that can boost your knowledge, but a light read?
Don't recommend:
1. The billion dollar molecule. The book was a bit verbose IMO
2. The Cure. It was a good story, but don't really help me understand the industry whatsoever
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Interested
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(1) Healthcare handbook. It’s written by a Wash U professor and provides an overview of US healthcare system in ~200 pgs. I haven’t read it yet but it’s on my nightstand.
(2) Emperor of all maladies. It’s a book on the history of cancer treatment (sounds dry but it’s pretty interesting)
"The Price We Pay" - Dr. Marty Makary. He does have one part of the book talk about air ambulance pricing (especially those who are PE backed) and it's pretty horrifying to read as a consumer of our healthcare system.
EDIT: I worked at a MF PE backed portco in healthcare pre-MBA and absolutely loved my experience and thought our business model was great for most consumers... healthcare PE just has a few bad actors that are hard to ignore (air ambulances is one of them).
Any recommendations on the investment/business side of healthcare?
The ones I've met are incredibly intelligent. Seen doctors with top MBAs be incredibly effective in doing very in-depth due diligence for investment opportunities (for biotech especially, same with PhDs). For HC service investing, doctors can actually make unique operational improvements with their experiences that very few other investors would know how to do efficiently. Know a few docs in PE and their funds are definitely returning more to investors than the average HC fund (smaller up and coming funds).
Know a HC banker who has a coworker who actually is a trained physician and he made it sound like his coworker could run circles around him when it comes to understanding the healthcare investing ecosystem (for their clients). This HC banker I spoke to was no slouch either - super intelligent guy with some unique HC experience pre-banking.
Could you provide an example of this? Sounds pretty interesting, I would've expected them to be able to provide a unique (science) angle on spec pharma deals where the targetco also has an R&D engine but not on HC services deals where a medical background (supposedly) doesn't add too much value.
For blood and money - reading now
^ this book was sick. Couldn't put it down once I started and normally I have a hard time finishing books at all lol
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"Empire of Pain" which is about the Sacklers and the building of Purdue Pharma is a must read
Recently read this. Disturbing story.
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Following
Value Based Care by Michael Porter and some doctors
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