Revolutionary Thinking in Pharma
The PharmaPhorum website noted that reliance on outmoded operating procedures, outdated infrastructure and ways of working is one of the biggest threats facing pharma companies. To overcome this the Janssen company has established innovation centers in the major science hot-bed cities across the world. Viewing the world as their laboratory, it would be naïve for a company to believe they have all the answers in their own pipeline. That’s why the programs Janssen has in place are designed to tap into innovation wherever it may be. Their innovation centers are set up to build early-development business relationships with life science entrepreneurs, giving them support to develop their ideas, while at the same time allowing them space to make sure their creativity is not hindered. These are collaborative contractual partnerships that foster the ideals of open innovation.
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