Open Innovation in Drug Development
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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Biopharma Program To Collaborate on OI
The Drug Discovery and Development website reported that the biopharmaceutical company AstraZeneca and Taiwan’s National Research Program for Biopharmaceuticals have announced a collaborative program to support academic research proposals using open innovation as a catalyst for drug discovery. The
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The Right Prescription: Open Innovation
The Business Standard website reported that the rising cost of drug discovery makes it pertinent to look at alternate models to approach innovation. The ‘Open Innovation model’ has emerged as an interesting alternative. It is based upon openness and collaboration, which is in complete
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Chesbrough on Open Innovation in Life Sciences
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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Open Innovation, Platforms and Business Models
The Innovation Excellence website reports on one of the most ambitious open innovation projects around – the Innovative Medicines Initiative – which has been set up in Europe. Anyone seriously interested in the combination of open innovation, the use of a collaborative technology platform