Corporate Hub as a Governance Structure for Coupled Open Innovation in Large Firms

Corporate Hub as a Governance Structure for Coupled Open Innovation in Large Firms

By • on January 14, 2020

The Wiley Online Library website posted a study which addresses how the open innovation concept can be applied in large corporations aiming to work with small innovative firms. More specifically, it reports an in depth qualitative study of how AstraZeneca, a global bio-pharmaceutical corporation, designed and enacted a new mode of organizing for coupled

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AstraZeneca Scientist Knighted

AstraZeneca Scientist Knighted

By • on December 31, 2019

The PharmaLetter website reported that Mene Pangalos, one of the leaders behind AstraZeneca’s remarkable recent record of successful drug development, has been awarded a knighthood. Sir Mene’s is executive vice president of BioPharmaceuticals Research and Development at AstraZeneca. Sir Mene has

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Managerial Challenges of Outbound Open Innovation

Managerial Challenges of Outbound Open Innovation

By • on December 20, 2018

  the R&D Management Journal posted a study which noted that while the research on open innovation is flourishing, less attention has so far been given to ‘outbound’ processes in comparison to ‘inbound’ and ‘coupled’ open innovation. In this paper we analyze a qualitative case study

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Innovation in the Open

Innovation in the Open

By • on August 16, 2018

An article on the Chemistry World website noted a trend in open innovation: rather than drawing start-ups closer to obtain their intellectual property, some firms are shifting to a more collaborative approach. This strategy foresees collaboration agreements, or business support, and subsequent shared

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Nottingham BRC Signs for Open Innovation Platform

Nottingham BRC Signs for Open Innovation Platform

By • on April 13, 2018

The Labmate website reported that leading research teams at the NIHR Nottingham Biomedical Research Centre are to collaborate over the next two years with their counterparts in the IMED Biotech Unit at global biopharmaceutical company, Astra Zeneca. Nottingham is the first NIHR Biomedical Research

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AstraZeneca CEO Heralds New Era of Collaboration

AstraZeneca CEO Heralds New Era of Collaboration

By • on March 16, 2018

The Cambridge Independent website reported that AstraZeneca CEO Pascal Soriot announced that the company’s advanced drug discovery robot, NiCoLA-B, will be housed in the biopharmaceutical company’s new £500million global research and development center, heralding a new era of openness and

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Europe has Untapped Medical Innovation

Europe has Untapped Medical Innovation

By • on September 6, 2017

The PharmaPhorum website noted that the ‘open innovation’ strategy is being pursued by all the big pharma companies – and now it’s simply a matter of who executes best on this approach. This is one of the boldest efforts in big pharma to create relationships with entrepreneurs, scientists and

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Open Innovation: the ‘New Normal’ in Med Research?

Open Innovation: the ‘New Normal’ in Med Research?

By • on December 6, 2016

The AstraZeneca website described AstraZeneca’s success in using open innovation. “Collaboration is essential to advancing our understanding of human diseases and accelerating the discovery and development of ground-breaking treatments that benefit patients. Such partnerships can span academic,

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Open Innovation and Big Pharma

Open Innovation and Big Pharma

By • on May 4, 2016

The PMLive website reported that there has been a major drive towards an open innovation model among big pharma companies, seeking to forge closer ties with small biopharma companies and academic groups in recognition that relying on in-house pharma R&D is no longer enough to remain competitive.

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Changing the Model for Pharma Innovation

Changing the Model for Pharma Innovation

By • on December 22, 2015

The PharmTech website noted that at this point, for many companies, results suggest that the desire and commitment to open innovation may be there, but questions of risk and reward remain. For now, for many companies, open innovation is a work in progress, but the factors driving this trend are not

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