Open Innovation in Drug Development

Open Innovation in Drug Development

By • on December 28, 2020

The Express Pharma website reported that the complexities involved in commercializing any new drug has led pharma companies to adopt a more open, collaborative approach for their research and development processes. There are several advantages to introducing open innovation for the drug creation process. Open innovations and collaborations have managed

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Bayer Launches Open Innovation Challenge

Bayer Launches Open Innovation Challenge

By • on January 20, 2017

The Nation website reported that Bayer Pharmaceuticals is addressing the problem of drug adherence in the elderly by launching the “Grants4sApps” challenge in Singapore. The Grants4Apps Bayer-NUS Open Innovation Challenge calls for innovative health tech solutions across countries in Asia-Pacific

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Chesbrough on Open Innovation in Life Sciences

Chesbrough on Open Innovation in Life Sciences

By • on May 10, 2013

The journal Nature published an interview with Henry Chesbeough. The article noted that open innovation has taken the business world by storm. In his 2003 breakout book, Chesbrough argued — based largely on observations of the computer industry — that companies need to look beyond their walls

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Social Innovation in Pharma

Social Innovation in Pharma

By • on February 24, 2013

An article on the pmlive website noted that we tend to judge how well pharmaceutical companies are doing in social media by analyzing their presence on Facebook, Twitter and YouTube. But there are many other ways of using social media that should be added to the equation, including the use of what is

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Open Innovation in Pharma

Open Innovation in Pharma

By • on September 26, 2012

The PharmExecBlog notes that there are a number of highly innovative US companies that were at one time fully-integrated entities — companies that made mainframe computers, wrote the software, and sold you the paper on which to print. Essentially, they did everything from soup to nuts. That model

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Winds of Open Innovation in Pharma

Winds of Open Innovation in Pharma

By • on May 6, 2012

In a post on the lillycoi website  Tom Krohn notes “the diversity of ways open innovation is manifested.  While some seem to criticize that ‘everything is now open innovation’ I’ve come to appreciate the diversity.  To me it isn’t about what it is called, but rather what it

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