John C. Martin (businessman)

John C. Martin (businessman)
John Charles Martin (May 7, 1951 – March 30, 2021) was an American billionaire businessman, and the former executive chairman (2016–2018) and CEO (1996–2016) of the American biotechnology company Gilead Sciences. He joined Gilead Sciences in 1990 as vice president for research and development. Gilead is known for developing drugs such as Atripla (for HIV/AIDS) and commercializing Sovaldi (sofosbuvir) for the treatment of the liver virus hepatitis C. Martin is the recipient of a number of awards, including the Biotechnology Heritage Award (2017).
Education
Martin earned a bachelor's degree in chemical engineering from Purdue University, an MBA in marketing from Golden Gate University and a PhD in organic chemistry from the University of Chicago. He served on the board of trustees of the latter two universities.
Career
Syntex Corporation
Martin worked at Syntex Corporation from 1978 to 1984.
Bristol-Myers Squibb
Martin was director of antiviral chemistry at Bristol-Myers Squibb from 1984 to 1990.
Gilead Sciences Inc
Martin joined the American biotechnology company Gilead Sciences in 1990 as its vice president for research and development. He was Gilead's CEO from 1996 to 2016. He became chairman in May 2008, and executive chairman in 2016.
At Gilead, Martin helped to develop Atripla, a single pill combining Gilead's drug Truvada (a combination of tenofovir and emtricitabine) with Bristol-Myers Squibb's Sustiva (efavirenz). Truvada and Sustiva were already "the most widely prescribed antiretroviral treatment regimen in the U.S." for the treatment of HIV and AIDS. One of the benefits of a combined pill was that patients would be more likely to consistently comply with treatment by taking a full dose of the prescribed drugs, which in turn would lessen the chance that drug-resistant HIV strains would develop. The two companies announced that they would collaborate on the drug in 2004. An initial formulation of once-a-day single-dose Atripla was approved by the FDA on July 12, 2006. Purchase of Atripla was included in the President's Emergency Plan for AIDS Relief (PEPFAR) program.
In 2014, Martin led the commercialization of Sovaldi (sofosbuvir) —
"a treatment for the liver virus hepatitis C that can cure 90% of patients and generated $12 billion in revenue in its first year on the market."
Martin is credited with taking Sovaldi from "zero-to-blockbuster in a couple of months" with profits topping $10 billion for 2014.
However, in April 2014, U.S. House Democrats Henry Waxman, Frank Pallone Jr., and Diana DeGette wrote Martin questioning the $84,000 price for Sovaldi. They specifically asked Martin to "explain how the drug was priced, what discounts are being made available to low-income patients and government health programs, and the potential impact to public health by insurers blocking or delaying access to the medicine because of its cost."
Sofosbuvir is cited as an example of how specialty drugs present both benefits and challenges.
Appointments
Martin was president of the International Society for Antiviral Research (1998-2000); chairman of the California Healthcare Institute (2005-2006, 2009); and chairman of BayBio (1999-2001).
Martin has worked with the Federal government of the United States in a number of capacities. Martin served on the council of the National Institute of Allergy and Infectious Diseases (2000-2003). He was part of the Centers for Disease Control and Prevention/Health Resources and Services Administration's Advisory Committee on HIV and STD Prevention and Treatment (2004-2007). He was on the Presidential Advisory Council on HIV/AIDS (2006-2009).
In May 2018, Martin joined the board of directors at The Scripps Research Institute.
Awards
In 1990, Martin received the American Chemical Society's Isbell Award, "for his applications of carbohydrate chemistry to the design of medicinally active nucleosides and nucleotides."
In 2003, Martin received the International Society for Antiviral Research's Gertrude B. Elion Award for Scientific Excellence in 2003. He was also an Award Winner and National Finalist for the EY Entrepreneur of the Year Award.
In 2008 Martin became a member of the National Academy of Engineering, "for the invention, development, and commercialization of anti-viral medicines, especially treatments for HIV/AIDS."
The 2014 Lifetime Achievement Award for Public Service was presented to John Martin by the Institute of Human Virology at the University of Maryland School of Medicine, for his work on the development of anti-HIV medications and on AIDS prevention through Pre-exposure prophylaxis.
In 2015 Martin was named by investment firm Morningstar as best CEO. During his tenure as CEO since 1996, Gilead shares rose 100-fold, and the stock posted a 157% gain just from 2013 to 2015.
In 2017, Martin was chosen to receive the Biotechnology Heritage Award from the Biotechnology Innovation Organization (BIO, formerly the Biotechnology Industry Organization) and the Chemical Heritage Foundation.
Personal life
Martin was divorced. He died on March 30, 2021, at a hospital in Palo Alto, California, from head injuries sustained after a fall.
References
External links
“Pandemic Perspectives with John C. Martin”, podcast interview, Science History Institute, May 5, 2020.
1951 births
American billionaires
American technology chief executives
Biotechnologists
Living people
Businesspeople in the health care industry
People from Easton, Pennsylvania
People from Hillsborough, California
Purdue University College of Engineering alumni
Golden Gate University alumni
University of Chicago alumni
Gilead Sciences people