Korean Biopharma Beefs Up Open Innovation to Raise Pipelines’ Value

Korean Biopharma Beefs Up Open Innovation to Raise Pipelines’ Value

By • on June 4, 2022

The Korea Biomedical Review reported that Korean pharmaceutical and biotech companies are using various open innovation tools to raise competitiveness in new drug development in the global market. In the past, Korean drugmakers conducted research in secrecy due to the risk of technology leakage. But now, they actively get technologies and business

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Open innovation: A Paradigm Shift in Pharma R&D?

Open innovation: A Paradigm Shift in Pharma R&D?

By • on May 30, 2022

The Science Direct website reported that Open innovation (OI) holds promise to accelerate, diversify, and innovate research and development (R&D) in the pharmaceutical industry. It remains to be assessed in which way and to what extent OI is leveraged in practice by current pharmaceutical R&D

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How to Tackle Innovation in Pharma Head On

How to Tackle Innovation in Pharma Head On

By • on April 1, 2020

The Pharmaceutical Manufacturer website reported that the pharma industry is pushing forward on product innovation faster than ever before. The development of new, innovative drug formulations implies a new challenge for the supply chain, in particular pharma packaging manufacturers. To keep up the pace

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Applying Open Innovation Strategies in Regional Innovation Ecosystems

Applying Open Innovation Strategies in Regional Innovation Ecosystems

By • on July 19, 2019

The Science Direct site posted a study which noted that open innovation strategies in large firms have been changing considerably during the last 15 years. Some multinationals are now taking a long-term, strategic approach to open innovation, thereby actively developing a regionally bounded innovation

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A Joint Front: Open Source Pharma

A Joint Front: Open Source Pharma

By • on December 28, 2018

An article on the Business Today (India) website  noted that an open source drug discovery program allows capabilities to be linked and used, at negligible cost. India has already taken a step in this direction. Bill Gates, who built his empire on proprietary software, tweeted that open innovation

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Open Innovation and External Sources of Innovation.

Open Innovation and External Sources of Innovation.

By • on May 21, 2018

The Journal of Translational Medicine noted that historically, research and development (R&D) in the pharmaceutical sector has predominantly been an in-house activity. In recent years, multiple extrinsic and intrinsic factors induced an opening for external sources of innovation and resulted in

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