"The lack or lower levels of funding have really made it so people are funding science instead of science fiction."
Thermo Fisher Scientific’s Paul Jorjorian Discusses Genetic Medicine Diversification, Partnership Trust, and Raw Material Risk in Biopharma Development
At BIO 2026, Thermo Fisher Scientific's Paul Jorjorian highlighted late-stage raw material switches as being among the most disruptive and underestimated risks in biopharma development.
In the interview, Jorjorian describes monoclonal antibodies (mAbs) and mAb variants, including antibody-drug conjugates (ADCs) and bispecific antibodies, as established and enduring modalities. He identifies
What are the most critical early decisions biopharma companies must get right to avoid late-stage development failure?
On partnerships, Jorjorian notes 2 factors that determine success. The first is that the partnership must deliver clear customer value, and the second is that it must be grounded in genuine trust between parties. He explains that legal agreements alone cannot capture the complexity of a productive partnership, rather, the working relationship itself must be aligned toward shared outcomes.
Jorjorian characterizes the current funding environment as more constrained than 4 to 5 years ago, but notes that lower funding levels have produced a filtering effect, directing capital toward stronger science rather than speculative programs.
"The lack or lower levels of funding have really made it so people are funding science instead of science fiction," Jorjorian states.
On development risk, Jorjorian identifies raw material selection as the single most consequential early-stage decision, particularly as molecules previously developed in China are being re-established in US-based workflows. Switching critical raw materials late in development, he emphasizes, can introduce significant delays and derail programs that are otherwise on track. This is a risk that is appearing with increasing frequency across the industry, he says.
About the speaker
Paul Jorjorian, Vice President, Development and Scientific Solutions, Thermo Fisher Scientific
In his role, Jorjorian is responsible for defining the R&D, process and analytical development, and manufacturing science and technology strategy for the Drug Substance business. Prior to that, he was responsible for 6 biologics drug substances manufacturing and development sites located globally as vice president Biologics. Additionally, he has held a number of roles with increasing responsibility in process development, manufacturing, and technology transfer. Before joining Thermo Fisher in 2014, Jorjorian worked for Gallus BioPharmaceuticals, Bristol-Myers Squibb and GE Plastics. He holds a B.S. in Chemical Engineering and Management from Purdue University, Ind., and a Masters in Chemical Engineering from Cornell University, NY.





