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Can the Crowd Save Medical Research? Scott Finkelstein, MD Chief Medical Officer @ConsanoScott

Stanford Medicine X: Scott Finkelstein, MD

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"Can the crowd save medical research?" Stanford Medicine X Scott FInkelstein, MD Chief Medical Officer, Consano www.consano.org

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Page 1: Stanford Medicine X: Scott Finkelstein, MD

Can the Crowd Save Medical Research?

Scott Finkelstein, MD

Chief Medical Officer@ConsanoScott

Page 2: Stanford Medicine X: Scott Finkelstein, MD

Who Are We?

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Page 3: Stanford Medicine X: Scott Finkelstein, MD

v

The Day Our Lives Changed

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Page 4: Stanford Medicine X: Scott Finkelstein, MD

The Fog of Cancer

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Page 5: Stanford Medicine X: Scott Finkelstein, MD

Our Motivation

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Page 6: Stanford Medicine X: Scott Finkelstein, MD

The Current Landscape

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Page 7: Stanford Medicine X: Scott Finkelstein, MD

Researcher Challenges

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Page 8: Stanford Medicine X: Scott Finkelstein, MD

Key CharacteristicsTransparent

Directed

Connected

• 100% of every project donation goes to the research project individual has decided to support

• Organization overhead is supported separately through individual donations, corporate sponsorships and foundation grants

• Each project specifies exactly what the money will be used to fund

• Individuals decide exactly which project to support, easily connecting with research that matters to them

• Researchers provide ongoing updates about the project, keeping communication open with their donor group

• Donors can share their stories and read the stories of others impacted by disease

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Page 9: Stanford Medicine X: Scott Finkelstein, MD

You give, THEY decide

You give, YOU decide

Shifting a Paradigm

Take back CONTROL

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Page 10: Stanford Medicine X: Scott Finkelstein, MD

The “Aha” Moment

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Page 11: Stanford Medicine X: Scott Finkelstein, MD

Our Solution

Page 12: Stanford Medicine X: Scott Finkelstein, MD

The Players

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Page 13: Stanford Medicine X: Scott Finkelstein, MD

Health Categories

Breast Cancer

Childhood Muscle Cancer

FULLY FUNDED

Childhood Brain Cancer

Esophageal Cancer

Ovarian Cancer

Lung Transplant

Maternal/Fetal

Health

Palliative Care

Uterine Cancer

Lung Cancer

Pancreatic CancerIn the pipeline:

Cord Blood

Childhood Leukemia

Colorectal Cancer

Type 1 Diabetes

Prostate Cancer

Melanoma

Sarcoma

Transverse Myelitis

Oral Cancer

Leukemia

Metastatic Breast Cancer

Launched:

Fanconi Anemia

Type 2 Diabetes

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Page 14: Stanford Medicine X: Scott Finkelstein, MD

Young, motivated PhD

Early-stage medulloblastoma research

95th percentile DOD application

Great project that needed funding

June 2013: Fully funded Consano project

Sept 2013: awarded $250,000 Hyundai Hope on Wheels grant

Fully Funded

Dr. Monika Davare

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Page 15: Stanford Medicine X: Scott Finkelstein, MD

Key Differentiator: Vetting

Page 16: Stanford Medicine X: Scott Finkelstein, MD

• 13 projects launched

• 12 disease categories

• University partners• 6 current• 10+ in development

• Nearly $50,000 raised

• Over 50% of donors leave a “tip”

Six Months Old

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Page 17: Stanford Medicine X: Scott Finkelstein, MD

Why Do You Donate?

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Page 18: Stanford Medicine X: Scott Finkelstein, MD

Importance of the Blog

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Page 19: Stanford Medicine X: Scott Finkelstein, MD

Disease Knows No Borders

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Page 20: Stanford Medicine X: Scott Finkelstein, MD

Hope. Honor. Heal.

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Page 21: Stanford Medicine X: Scott Finkelstein, MD

www.consano.org@Consano