On June 28, 2022, MDMI representatives publicly launched the Initiative during a virtual event, titled “A Systematic Approach to Modernizing Drug Development.” During the event, webinar attendees heard from a variety of thought leaders, including Michael Leavitt, former HHS Secretary and Utah Governor, Dr. Andrew von Eschenbach, former FDA Commissioner and former Director of the National Cancer Institute, and others, on various topics, including why modernization in the medicines development ecosystem is needed.