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Sunitha Malepati

Sunitha Malepati

Founder, The Buffalo Initiative | Fellow, Renaissance Philanthropy

Sunitha Malepati is the founder of the Buffalo Initiative, a patient-led effort to advance drug development for ultra-rare diseases that operates as a program of Renaissance Philanthropy. Named for the way buffalo turn to face a storm head-on, the initiative builds a coordinated funding and development model for therapeutic programs that the traditional pharmaceutical industry is unlikely to pursue.

An attorney by background, with experience in private investment and nonprofit law, Malepati came to the rare-disease field through her family. Her daughter was diagnosed with a CACNA1A-related neurogenetic disorder shortly before her third birthday, after nearly three years of searching for an answer. When physicians told the family there were no treatments and little research likely to change that, Malepati began investigating the science herself and concluded that the gap was not in discovery but in translation: promising research was not being moved toward therapies because the economics did not fit the standard drug-development model.

She founded the Buffalo Initiative to close that gap. Rather than fund one program at a time, the initiative bundles ultra-rare therapeutic assets into a portfolio and blends sources of capital, providing patient, long-horizon financing structured as debt or royalty-based investment so that patient organizations can carry their programs through the expensive stages of development that philanthropy alone cannot reach. Malepati also serves as vice president of the CACNA1A Foundation and on the governing board of COMBINEDBrain, a consortium advancing clinical-trial readiness for rare neurodevelopmental disorders.

Malepati appeared on Open Door Salon alongside Craig Lipset, a clinical leader for the Buffalo Initiative and a longtime drug-development innovator, for a conversation on why patient groups are increasingly becoming drug developers themselves. Her central argument was that families cannot wait for pharmaceutical companies to take interest in thousands of individually small disease populations, and that a new class of drug-development sponsor, the patient-led organization, is emerging to fill the void.

Across the conversation she made the case that these programs are not charity but a genuine, if patient, investment proposition, and that the hardest part of her work has been persuading investors to see ultra-rare drug development as a category that can sustain itself and return capital over a long horizon.

On Open Door Salon

“Pharma Is Not Coming. Patient Groups Are Now Drug Developers!”
Sunitha Malepati & Craig Lipset · April 15, 2026

Episode page & show notes on Open Door Salon

“We almost had to channel this disbelief and grief and anger at the situation into: okay, we've got to make something happen, because no one else is going to do it.”Sunitha Malepati, on Open Door Salon (on founding the Buffalo Initiative)
“We talk about this colloquially as lemonade stands and bake sales. You're able to get the science to a point, but then you really need a large amount of capital to keep going forward after that stage.”Sunitha Malepati, on Open Door Salon (on the rare-disease funding gap)
“Getting investors to believe that this is an investable proposition is surprising to most people we've talked to. We have to get over that misconception that this is not an investable proposition, when it actually is.”Sunitha Malepati, on Open Door Salon (on the hardest challenge)

In this episode

  • "Go home and love your kid" — what one doctor said after diagnosis
  • Why pharma can't solve ultra-rare diseases
  • 7,000 rare conditions with no treatments
  • The Buffalo Initiative: patient-led drug development
  • "Lemonade stands and bake sales" — how patient groups fund trials
  • Bundling and blending: a new finance model for rare disease
  • California's $5B bet on regenerative medicine
  • Patient groups finding families globally
  • "This IS an investable proposition"
  • Pioneering parents: John Crowley, Julia Vitarello, Terry Pirovolakis
  • From storytellers to strategic partners

Topics

Rare DiseasesUltra-Rare DiseasesPatient-Led Drug DevelopmentRare Disease FinanceDrug DevelopmentPatient AdvocacyNeurodevelopmental DisordersNonprofitClinical TrialsGene Therapy

Watch on Open Door Salon

Pharma Is Not Coming. Patient Groups Are Now Drug Developers! | Sunitha Malepati & Craig Lipset

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