Medtech Industry Learns to Love Open Innovation

By • on December 7, 2015

The Plastics Today website reported that as the medical device industry is challenged to accelerate innovation and fill the new product pipeline while improving outcomes, the notion of open innovation has gained traction. This has been a bit of a sea change for an industry that, historically, has liked to keep research and development under very tight wraps. Companies that want to maintain a competitive advantage in a rapidly changing business landscape have little choice, however, but to embrace this new model. As they test open innovation within a secure environment, many discover that it’s not as scary as they might have thought.

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