Stories behind medicine
Good Pharma Volume 1 in burgundy cloth, with ivory serif lettering and a small capsule outline

Good Pharma

A Visual History of Modern Medicine

Every era of medicine began with a new way to make it. This book tells that history through the science, the companies and the people, in six parts from 1899 to now.

$120 USD

Expected to ship Fall 2027

Part I · Medicine becomes an industry

How insulin became a medicine

Toronto found it. Indianapolis learned to make it the same way twice.

Frederick Banting and Charles Best standing with a dog on a rooftop in Toronto.
Banting and Best · Toronto, August 1921

In the first days of 1922 a teenage boy named Leonard Thompson lay close to death on a ward of the Toronto General Hospital. On 11 January a house physician injected him with an extract of cattle pancreas made by Frederick Banting and Charles Best. His blood sugar fell only slightly, and an abscess formed where the needle had gone in.

Twelve days later he was given a purer extract, made by the biochemist James Collip. Within a day his blood sugar was normal.

The discovery was real. What Toronto could not do was make it again, at the same strength, in amounts that would reach anyone beyond that ward. That work would fall to a drug company in Indianapolis.

54Good Pharma

The offer

George Clowes, research director of Eli Lilly and Company, was in New Haven on 30 December 1921 when the Toronto group presented its work to the American Physiological Society. He wrote offering Lilly's help. On 3 April 1922 Macleod turned him down: Toronto would rather carry the thing as far as it could and then publish all it knew. In May a Lilly delegation spent three days in Toronto, and on 30 May the university signed an indenture giving Lilly a one-year exclusive license, in return for a full pooling of knowledge and free insulin for the first clinical tests.

A 1923 full-page advertisement headed Insulin A.B. Brand.
Insulin “A.B.” Brand · The Lancet, 1923
A Humulin advertisement showing a gold medal on a ribbon labelled The Lilly Team.
Humulin · Recombinant human insulin, 1982

The method

Lilly's first insulin would not hold its strength; from batch to batch it weakened. George Walden, the company's head chemist, traced the problem to acidity. As the pH of a batch drifted, a precipitate formed, and the precipitate carried the insulin with it. In the autumn of 1922 he did the reverse of what earlier methods had tried. He set the extract at insulin's isoelectric point, where the protein is least soluble, and collected what fell out. The insulin he recovered was ten to a hundred times purer than before.

The product

Iletin went on sale on prescription on 15 October 1923, and by the end of the year Lilly had sold almost 60 million units. The Nobel Prize that autumn went to Banting and Macleod; Banting split his share with Best, and Macleod split his with Collip. Walden's name is on none of it.

Eli Lilly55

Eli Lilly · A story within Part I. Sources and picture credits ↓

Why does insulin fall out of solution at one acidity?

Sixty insulin molecules in water. Drag the pH. Away from the isoelectric point each molecule carries a net charge, and like charges push the molecules apart, so they stay dissolved. Near the isoelectric point, insulin carries little net charge and is less soluble. In this schematic model, the molecules clump and settle. In 1922 George Walden used this to purify Lilly's insulin.

7.4
pH
7.4
Net charge (calculated)
−1.6
Clumped or settled
0 of 60
State
Dissolved
Insulin in solution Clumped or settled Isoelectric point, measured pH 5.4

The net charge is calculated from the 51-amino-acid sequence of human insulin (UniProt P01308), counting its two N-termini, two C-termini, four glutamates, four tyrosines, two histidines, one lysine and one arginine, with standard pKa values. That calculation puts the isoelectric point at 5.6; the measured value is 5.4. The movement of the molecules is a schematic simulation, not to scale.

Sources: UniProt P01308 · Bolli, Cheng and Owens (2022) · Insulin100, University of Toronto

The six parts

Each part has its own colour, and opens on a spread: the era on the left, the object that defined how medicine was made in it on the right.

Part IGood Pharma
I

Medicine Becomes an Industry

A result becomes a medicine when a factory can repeat it.

Insulin was discovered in Toronto. It reached patients in quantity because a chemist in Indianapolis found that it would fall out of solution, far purer, at one exact acidity. Penicillin became a medicine at scale when Pfizer turned a Brooklyn ice plant into a factory of fermentation tanks. The law followed the factories.

1923Iletin, Lilly’s insulin, goes on sale
1 Mar 1944Pfizer’s Brooklyn deep-tank penicillin plant opens
12 Apr 1955The Salk polio vaccine is licensed
Oct 1962Drugs must be proven to work before sale
In this part1899–1962
  • Aspirin
  • Salvarsan
  • Insulin
  • Sulfa drugs
  • Penicillin
  • Cortisone
  • Polio
  • Chlorpromazine
  • The pill
Women in white caps working at a penicillin production line.
A porcelain penicillin fermentation pan.
Penicillin pan, Oxford, 1940s
Two women pack cartons stamped Polio Vaccine Rush.
Polio vaccine shipments, Lilly
1928 → 1944

From Fleming’s first observation of penicillin to Pfizer’s deep-tank plant in Brooklyn.

ACS National Historic Chemical Landmark
Penicillin production, 1940s
Lilly historical collection
Part I. The fermentation vessel: mould grown in a pan, then in a tank.Lilly historical collection · Science History Institute
Part IIGood Pharma
II

Medicine Becomes a Business

Drugs designed against targets, sold against a patent clock.

From October 1962, a drug could be sold in the United States only with substantial evidence that it worked. Chemists began building molecules against known targets in the body. In 1984 the Hatch-Waxman Act let generic copies be approved by showing bioequivalence, and every blockbuster since has lived by that clock.

1976Tagamet launched in Britain; 18 tons made in Cork
1984Hatch-Waxman creates the modern generic
29 Dec 1987Prozac approved by the FDA
Aug 2001Generic fluoxetine launches
In this part1962–2009
  • Valium
  • Tagamet
  • Hatch-Waxman
  • The statins
  • Prozac
  • Viagra
  • HIV and Gilead
  • Vioxx
  • The mergers
Two green and cream Prozac capsules marked Dista 3104 and 3105.
HNNSNHNNNH
Cimetidine, sold as Tagamet · ChEBI 3699
Three bottles of Zyprexa olanzapine tablets.
Zyprexa, approved 1996
$2.8bn

Prozac sales at their peak, in 1998. Generic fluoxetine arrived in August 2001.

Good Pharma, The Factory in Indianapolis
Prozac capsules
Lilly historical collection
Part II. The designed molecule, and the patent clock that runs out on it.Lilly historical collection
Part IIIGood Pharma
III

Biology Becomes Engineerable

The factory becomes a living cell.

From 1973, genes could be cut, joined and copied inside bacteria. Within a decade, bacteria carrying a human gene were making a medicine: human insulin, approved in 1982. Amgen’s epoetin alfa, approved in the United States in June 1989, is made in genetically engineered Chinese hamster ovary cells.

Nov 1973A recombinant plasmid copies itself in E. coli
1975Hybridomas make monoclonal antibodies
28 Oct 1982Humulin, the first recombinant medicine, approved
Jun 1989Epogen approved, made in hamster cells
In this part1973–2009
  • Cohen and Boyer
  • Genentech
  • Humulin
  • Amgen
  • EPO
  • Monoclonals
  • Venture capital
  • Antibody blockbusters
  • Biotech IPOs
Scanning electron micrograph of rod-shaped E. coli bacteria.
Humulin advertisement showing a gold medal on a ribbon labelled The Lilly Team.
Humulin advertisement, Lilly archive
1973

Cohen, Chang, Boyer and Helling join DNA from separate plasmids and put it into E. coli, where it copies itself.

PNAS 70(11), November 1973
Escherichia coli, electron micrograph
NIAID · public domain
Part III. The living cell: bacteria and hamster cells as factories.NIAID · Lilly historical collection
Part IVGood Pharma
IV

Biology Becomes Programmable

mRNA vaccines, gene therapies and gene editing.

The Human Genome Project, launched in October 1990, produced the first sequence of the human genome in April 2003. Twenty years later, the first CRISPR therapy approved in the United States was made separately for each patient, from their own blood stem cells.

Apr 2003First sequence of the human genome
13 Jan 2020Moderna and the NIH finalize a vaccine sequence
18 Dec 2020Emergency authorization for mRNA-1273
8 Dec 2023Casgevy, the first CRISPR therapy, approved
In this part1990–2023
  • The genome
  • Illumina
  • RNAi
  • CAR-T
  • Gene therapy
  • CRISPR
  • mRNA
  • Keytruda
  • The GLP-1s
A nurse draws a dose of Moderna COVID-19 vaccine from a vial into a syringe.
A vial of Moderna COVID-19 vaccine on a table.
RAF Lakenheath, 29 Dec 2020
63 days

From the finalized sequence of Moderna’s vaccine to the first person dosed, 13 January to 16 March 2020.

Moderna, SEC exhibit 99.2
Preparing Moderna vaccine, Sigonella, 2021
U.S. Navy · public domain
Part IV. The human genome, mRNA vaccines and gene editing.U.S. Navy · U.S. Air Force · public domain
Part VGood Pharma
V

The New Industrialists

The people behind today’s drug companies.

Profiles of founders, scientists, investors and manufacturers whose work has reached patients or become part of drug production. Each profile follows a specific medicine, manufacturing process or research tool, from its development to its use. The focus is on the decisions behind the work: what to develop, how to fund it, and how to make it reliably.

In this partNow
  • Founders
  • Scientists
  • Investors
  • Manufacturers
  • China
  • New modalities
Two workers in blue suits at glove-box isolators in a modern manufacturing plant.
Portrait of Colonel Eli Lilly.
Colonel Eli Lilly, founder, 1876
$50bn+

What Lilly has committed to new manufacturing capacity since 2020.

Good Pharma, The Factory in Indianapolis
Lilly manufacturing, 2020s
Lilly manufacturing imagery
Part V. Drug companies, manufacturing and the people behind them.Lilly historical collection
Part VIGood Pharma
VI

Medicine Becomes Computable

Protein structures, designed molecules and the laboratories testing them.

A protein’s sequence tells us which amino acids it contains. Its three-dimensional shape helps explain what it does. In 2020, AlphaFold2 made a striking advance in predicting that shape. AlphaFold 3 extended the work to complexes of proteins, DNA, RNA and small molecules. Alongside prediction, researchers are designing proteins with sequences that do not occur in nature. This part follows the scientists, models and experiments behind those changes—and what it takes to turn a design into a medicine.

2020AlphaFold2 demonstrates its accuracy at CASP14
2021The AlphaFold Protein Structure Database opens
May 2024AlphaFold 3 models biomolecular complexes
Oct 2024The Chemistry Nobel recognises protein design and structure prediction
In this part2020–now
  • AlphaFold
  • Protein design
  • Isomorphic Labs
  • Generative models
  • Automated laboratories
  • Experimental evidence
Structure & design

What shape
will it take?

A sequence becomes a structure. A structure suggests an experiment. The experiment tells us whether the prediction holds.

Nature · 8 May 2024 Accurate structure prediction of biomolecular interactions with AlphaFold 3 Abramson et al. Read the paper ↗

Predicting a structure and designing a drug are different tasks. Binding, selectivity, safety and clinical benefit still have to be established experimentally.

Part VI. Protein prediction, molecular design and the work between a model and a medicine.AlphaFold · Nature, 2024
7,500gallons

The size of each of the fourteen fermentation tanks in Pfizer's Brooklyn penicillin plant, opened on 1 March 1944.

American Chemical Society, National Historic Chemical Landmark
42days

From the finalized vaccine sequence on 13 January 2020 to the first clinical batch shipped to the NIH.

Moderna, SEC exhibit 99.2, 16 March 2020
94.1%

Efficacy of mRNA-1273 against symptomatic Covid-19 in the 30,420-person phase 3 trial.

Baden et al., NEJM 384, 2021

The science on the page

The insulin molecule and the chemistry behind its manufacture.

Science / Human insulinGood Pharma

Two chains, fifty-one amino acids

GIVEQCCTSICSLYQLENYCN121FVNQHLCGSHLVEALYLVCGERGFFYTPKT130719720A6–A11A7–B7A20–B19CHAIN ACHAIN B

Mature human insulin. Chain A has 21 amino acids and chain B has 30. Three disulfide bonds hold the molecule together: A6–A11 inside chain A, and A7–B7 and A20–B19 between the chains. Drawn as a diagram, not a three-dimensional structure.

058The molecule
Science / The methodGood Pharma

At pH 5.4, insulin falls out of solution

23456789pHsolubilitypI 5.4dissolveddissolved

A protein's charge depends on the acidity around it. At its isoelectric point the charges balance and the molecule is least soluble. For human insulin that point is pH 5.4. Walden's process tuned pancreatic extract to this point and collected the insulin as a solid. Curve drawn schematically.

059The method
Part I · Science plates. The molecule, and the chemistry that made it a product.Sequence: UniProt P01308
Good Pharma Volume 1: the burgundy and ivory cloth-bound cover by Deeya Kotecha
Good Pharma · Volume 1

Good Pharma · Volume 1

A Visual History of Modern Medicine

Deeya Kotecha

First edition · Expected shipping Fall 2027

Every era of medicine began with a new way to make it. Insulin became a medicine when a chemist in Indianapolis learned to precipitate it at one exact acidity. Penicillin became one in fermentation tanks in Brooklyn. Human insulin was made in engineered bacteria, and a Covid vaccine went from sequence to clinical batch in 42 days. Good Pharma tells that history in six parts, from 1899 to now, through the science, the companies and the people who made medicine.

  • Pre-orders coming soon$120 USD
Format
9 × 12 in
Structure
Six parts, 1899 to now
Edition
Volume 1 · First edition
Deeya Kotecha holding a green and ivory capsule sculpture

The author

Deeya Kotecha

Deeya Kotecha studied medicine at Cambridge and practised as a doctor before moving into public-market investing and venture capital. Her writing follows biotechnology, drug history and the business of medicine. She created and hosts Good Pharma, bringing clinical training and an investor’s perspective to the people and institutions behind medicines.

Read The Factory in Indianapolis ↗
Sources & image credits

The 1922 insulin paper

Pancreatic Extracts in the Treatment of Diabetes Mellitus ↗

Banting, Best, Collip, Campbell and Fletcher. Canadian Medical Association Journal, March 1922, pp. 141–146.

Read the published paper at PubMed Central.

Sources on this page

  • Thomas Fisher Rare Book LibraryUniversity of Toronto
  • FDA History Office100 Years of Insulin
  • American Chemical SocietyDeep-tank fermentation landmark
  • Moderna, exhibit 99.2SEC, 16 March 2020
  • Baden et al.NEJM 384, 2021
  • Human insulin sequenceUniProt P01308
  • AlphaFold timelineGoogle DeepMind
  • AlphaFold 3Abramson et al., Nature 630, 2024
  • Iletin sales, 1923Encyclopedia of Indianapolis
  • Walden’s methodInsulin100, University of Toronto

Photographs

  • Penicillin fermentation pan, OxfordScience History Institute · public domain
  • Banting and Best, August 1921Thomas Fisher Rare Book Library · CC BY 2.0
  • Insulin “A.B.” Brand, The Lancet, 1923Thomas Fisher Rare Book Library · CC BY 2.0
  • E. coli, electron micrographNIAID · public domain
  • Moderna vaccine, 2020 and 2021U.S. Air Force; U.S. Navy · public domain
  • Penicillin, polio, Prozac, Zyprexa, Humulin, manufacturing and the ColonelLilly historical collection, as used on goodpharma.fm