Sam Davis

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Sam Davis

Sam Davis

@SamDavisEsq

Co-Founder, CXO of CoFormBio - former EQRx, Scipher Medicine, Goodwin | Biotech company builder, China expert 我住过上海 2011-15

Los Angeles (via Boston) Katılım Ekim 2010
952 Takip Edilen1.4K Takipçiler
okazaki
okazaki@oakazaki·
@SamDavisEsq @FlagshipPioneer Are you serious? Fund IV was Moderna, which is doing all the heavy lifting. 20% ipo rate during that era is abysmal. I bet atlas or Versant are at 50% for the equivalent period. This is just chart crime.
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Sam Davis
Sam Davis@SamDavisEsq·
21.6% IPO rate for @FlagshipPioneer is an unassailable track record for biotech.
Odin@JoinOdin

The success stories of biotech VC are remarkable. The rate of successful exits in that category, even controlling for the survivorship bias of more intensive pre-incorporation periods, is outstanding. @FlagshipPioneer is one of the best examples. From their Fund IV, in 2012, they made ~35 investments and produced 11 IPOs with a combined market cap of ~$14B. This kind of performance doesn't happen by chance. Flagship's Founder and CEO, @NoubarAfeyan, has devoted his career to making innovation more process-oriented and systematic.

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Sam Davis
Sam Davis@SamDavisEsq·
Chinese newco: Venture built wrapper. “They acquired Aiolos Bio — built around a Hengrui [Pharma] asset — before striking the direct deal. The venture-built wrapper was part of what they paid for” biopharmadive.com/news/simeon-ge…
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Sam Davis
Sam Davis@SamDavisEsq·
@dflieb Medicare/private payer/employee plan coverage(s)?
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John Carroll
John Carroll@JohnCendpts·
So if Zai Labs hires Josh Smiley as COO, he's going to have to offer some public explanation of those "inappropriate messages" he was fired for at $LLY, right? Publicly traded company and all. Are we going to get a public mea culpa? $ZLAB
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Angelica Parente
Angelica Parente@draparente·
Can't emphasize this enough, this is the advice I give a lot of early stage startups. Bad IP strategy can kill companies. Big Law firms have good attorneys and resources, but they are not always the best team for your portfolio and the billing pressure is real. Sanity check their approach by talking to multiple attorneys, big and small. Make sure they have the technical depth to understand what you're doing, which means you have to know how to educate them and, over time, learn how to speak their language. The benefits of Big Law is their deep bench of technical experts, but that doesn't always mean they're good for you. Get FTOs done by different firms on a semi-regular basis to get external perspectives.
Sam Davis@SamDavisEsq

There is vacuum of expertise on patent/IP strategy in life sciences. Don't assume the $2000/hr patent partner at a top firm is going offer sound strategy - in fact, b/c of the billable hour pressure, they may even lead you down the path of over-filing.

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Grok
Grok@grok·
Yes, USPTO Rules of Professional Conduct § 11.505 directly prohibits practitioners (including registered patent agents) from engaging in the unauthorized practice of law in violation of any jurisdiction's rules—aligning with ABA Model Rule 5.5. This is why broader advice like validity/infringement opinions, licensing, litigation strategy, or full IP portfolio counseling requires a licensed attorney: those activities fall outside the limited scope of "practice before the USPTO" defined in 37 CFR § 11.5(b)(1). Patent agents are federally authorized only for prosecution matters.
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Sam Davis
Sam Davis@SamDavisEsq·
@grok @ryan_1000cures So is there a corresponding ABA rule or professional conduct rule for this “Broader IP strategy, licensing, validity opinions, or litigation still needs a licensed attorney.”
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Grok
Grok@grok·
No, not clerical at all. Patent agents (often with advanced technical degrees) can independently handle the full USPTO patent prosecution process: drafting specs/claims, prior art searches, office action responses, appeals within the Office, and strategy advice specific to filing/prosecution. They represent clients directly before the USPTO with no attorney oversight required for those matters. Broader IP strategy, licensing, validity opinions, or litigation still needs a licensed attorney.
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Sam Davis
Sam Davis@SamDavisEsq·
@grok @ryan_1000cures Got it - so mostly clerical, and assist in drafting filings with attorney oversight?
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Grok
Grok@grok·
Patent agents registered with the USPTO **can** represent clients directly before the USPTO on patent prosecution: drafting/filing applications, prior art searches, responding to office actions, and advising on filing strategy for those matters. They **cannot** give broader patent/IP legal advice (e.g., infringement opinions, validity/enforceability opinions, licensing, freedom-to-operate, litigation, or contracts). That requires a licensed attorney. Scope is strictly limited by 37 CFR § 11.5(b)(1). For biotech strategy involving full IP portfolio/commercial issues, attorneys are typically needed.
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Sam Davis
Sam Davis@SamDavisEsq·
@ryan_1000cures @grok can patent agents (ie not licensed attorneys) give patent and IP legal advice? It not, what is the scope of work they can offer directly to clients?
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Ryan Ponzi
Ryan Ponzi@ryan_1000cures·
I worked at a vault 5 IP law firm, managed portfolios for commercial drug products generating over $10B/year in revenue, and worked on several multibillion dollar biotech acquisitions. Tell me more about how agents can’t advise on strategy and have little to no commercial experience 😉
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Sam Davis@SamDavisEsq·
@ryan_1000cures Can’t advise on strategy - they are literally scientists with little or no commercial experience
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Sam Davis
Sam Davis@SamDavisEsq·
Love this from Michelle Kwok, principal at @DraperVC : Vibe is a legitimate investment signal I don't mean vibes as in "I liked the meeting." The specific, hard-to-articulate quality of a founder who will simply not stop and takes every rejection as data and comes back sharper.... is an investment signal. It doesn't show up in a reference check, but you feel it in the room. Learning to trust that feeling and defend it in an IC meeting is a skill. If you agreed with 4 or more of these, we should be friends.
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Sam Davis
Sam Davis@SamDavisEsq·
@dalvabaird DM me I can offer up some names - but you still need an operator/fractional GC who can push outside counsel
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Rich Law
Rich Law@drrichjlaw·
Incredibly proud of the Haya Therapeutics team as we advance our first investigational program into Phase 1 clinical trials! 🧬👏❤️
HAYA Therapeutics@HAYA_lncRNA

#HAYA is officially a #Clinical-stage company! The first cohort has been dosed in our #Phase1 clinical trial evaluating #HTX001, a first-in-class investigational therapy targeting the #lncRNA #WISPER for #nHCM. 🫀

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Rich Law
Rich Law@drrichjlaw·
Haya Therapeutics spotlighted by IDEA Pharma's annual Innovation Index report on big pharma (which Lilly tops!) within a series of small companies that it views as “disruptive pioneers.” statnews.com/2026/05/19/pha…
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