Big drugs companies hope consolidation will solve various problems
Fai Poon
Saturday, 14 March 2009 19:10 UTC
Read this piece from Economists
http://www.economist.com/business/displaystory.cfm?story_id=13278281
Those Executives are really out of their minds. Maybe Steve Jobs can help them. Get someone more innovative for heaven sakes!
If all of these big pharma want to save their companies, stop consolidating! This line from the article said it best “bigger firms are no better at innovation, and are often worse”. Here are my suggestions to save pharma industry:
1. Spin off your R&D groups.
a. You can tell R&D they are not productive. If they are, they won’t be heading to the cliff. So make a clean cut here.
2. Hire the financial expert from Wall Street.
a. This move can give them expertise in finance, learning about funding small start-up.
3. Transform them into “start up” bank.
a. Big pharma are good at using their resources to make money. So do just that. Loan money to start up and then profit from them.
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Replies
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where is the hope of drug discovery?
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The hop is through technology and innovation. Pharma are moving into biopharm.
Hopes are there, you just need to look at opportunity. Try to found better area than the general public.
Small molecule have little hopes, biologics will have better hopes.
FDA also is the key player. FDA will not approve “peanuts”. So, that is just how hard it is to get anything approved. Disregulation will help but come with great price for drug companies reputation. Risk and reward my friend
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