“Big pharma’s new role in this is to partner and fund the innovation that it so sorely needs to bulk up its dwindling pipelines. This is a cost-effective move for larger drug companies to leverage outside scientific talent to gain access to breakthrough discoveries.
“‘This is a dominant trend in the industry,’ says Nach Davé, VP, development strategy, Premier Research. “Large pharma is deciding that rather than take the risk of developing a single drug over the course of seven to 10 years and spending $7 billion, these companies are taking their chances on innovative, small companies.”
Read more at PharmaVoice: https://www.pharmavoice.com/article/2020-01-pharma-innovation/