So I am supposed to be writing about innovation in the Biopharma industry. Here’s in idea that I’ve had that might be worth discussing (sometimes I wish I had the patience to write with the depth of Michael Nielsen). Last year we heard about Goldman Sachs funding an innovative pharma business model, but at that time I felt that the stage they had chosen was too late. One of the biggest expenses in pharmaceutical drug development is attrition. For all kinds of reasons, various programs never make it, leads are discarded, etc. I wonder if there is a place for marketplace or pool where companies can throw in discarded compounds or programs. Then, someone else can pick up a compound, or lead series or two, associated information which could be made available (negative results, etc) and then run with it, with some kind of standard licensing/revenue sharing terms in place. A different set of minds, a different platform, and you never know what you might get at the end. Has anyone tried anything like this?
Biopharma innovation: A marketplace for discontinued drug programs
So I am supposed to be writing about innovation in the Biopharma industry. Here’s in idea that I’ve had that might be worth discussing (sometimes I wish I had the patience to write with the depth of Michael Nielsen). Last year we heard about Goldman Sachs funding an innovative pharma business model, but at that time I felt that the stage they had chosen was too late. One of the biggest expenses in pharmaceutical drug development is attrition. For all kinds of reasons, various programs never make it, leads are discarded, etc. I wonder if there is a place for marketplace or pool where companies can throw in discarded compounds or programs. Then, someone else can pick up a compound, or lead series or two, associated information which could be made available (negative results, etc) and then run with it, with some kind of standard licensing/revenue sharing terms in place. A different set of minds, a different platform, and you never know what you might get at the end. Has anyone tried anything like this?