Free Newsletter
J&J research chief urges 'open innovation' approach
Paul Stoffels, the head of drug R&D at Johnson & Johnson, is recommending a new recipe for research. In a conversation with the Wall Street Journal, he recommends that developers adopt an 'open innovation' approach to their work. Rather than hole up in their own labs, suggests Stoffels, researchers need to learn how to collaborate more with biotech companies and academic researchers.
"All simple diseases have been solved," Stoffels told the Journal. "The next-generation drugs, therapies, are much more complex... You need much more information and science than what you can get out of your own internal labs."
And he offered up an example of how it's worked for him. After failing in an attempt to advance new therapies for HIV, Stoffels had to admit defeat. But he went on to team up with hospitals and other teams who helped discover Prezista and Intelence. The key to success: "Building networks where together with a number of different groups you come up with solutions to solve different medical needs."
Given Big Pharma's poor track record for coming up with new drugs to replace the ones that are about to lose patent protection, Stoffels' case is likely to win over others in the field.
- read the report in the Wall Street Journal
Related Articles:
J&J revenue sees first decline in 76 years
J&J joins $52M collaboration on discovery tech
J&J, Vanderbilt ink rich partnering deal
Comments
Post new comment
Paid Research Reports
- Cloud Computing Adoption In The APAC Life Sciences Industry
- Pharmaceutical Licensing Overview
- Stakeholder Opinions: Vaccines in emerging markets (Latin America) - Opportunities in Brazil, Mexico and Argentina
- Pharmaceutical Key Trends 2010
- Commercial Insight: Top 20 Oncology Therapy Brands in Australia
- The Specialty Pharma Market Outlook: Key players, new company growth models and emerging opportunities

SHARE
WITH: