Sanofi Announces AfricaTech 2020 Challenge
The Guardian website reported that Sanofi, a global biopharmaceutical company, is calling on technology entrepreneurs and startups in Nigeria to participate in its 2020 AfricaTech Challenge. AfricaTech is a lab to encourage open innovation by African technology startups. The AfricaTech Challenge initiative is part of Sanofi’s strategy to promote
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Yonsei Creates Biomedical R&D Advisory Center
The Korea Biomedical Review website reported that Yonsei University Health System has created a research and development advisory center called ALYND to foster cooperation in the biopharmaceutical sector. The center will work to bring together industry, hospital, and academic officials to work towards
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Unlocking the Commercial Potential of SynBio
The European Pharmaceutical Review website noted that the volume of ongoing work to link breakthroughs in basic synthetic biology with promising applications underscores its considerable potential to generate both transformative tools and products. Open innovation will be increasingly important in turning
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Executing an Open Innovation Model
A report by the leading consulting and research firm Deloitte noted that many biopharmaceutical companies are facing a challenging research and development environment and increased competitive pressures. Their heavy reliance on a closed, traditional model of product development might stifle true innovation
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Open R&D Models Increase Chances for Late-Stage Success
The Virtual Press Office website reported that Deloitte has released a report showing that drugs sourced via open innovation are three times more likely to achieve late-phase clinical success versus those cultivated under an in-house, closed-model approach. The study also asserts that open innovation
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