
Open Minds for Open Innovation
The PMLive website noted that many large, successful organizations such as Apple and NASA are already embracing open innovation to stay at the top of their game. In healthcare, programs like 23andMe and PatientsLikeMe have demonstrated that this is a tangible tactic, despite the traditional need for high standards, strict regulation and rigorous process.
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Open Innovation a Must in New Drug Development
The Korea Biomedical Review reported that the Korea Pharmaceutical and Bio-Pharma Manufacturers Association and the Korea Research-based Pharma Industry Association recently held a meeting of the government, pharmaceutical representatives, and experts. “As research and development activities for
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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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