The Wall Street Journal explores GlaxoSmithKline's decision five years ago to let its front-line scientists pick drug development candidates. GSK had relied on a more bureaucratic approach to lead selection. Drug discovery groups were also broken into smaller units. And with the drug majors embarrassed by a paucity of new drug targets after spending record amounts on R&D, this kind of experimentation has become all the rage. The goal is to develop the kind of focus and flexibility of a small biotech company. GSK says it's working.
- read the article [1] from The Wall Street Journal (sub. req.)
PLUS: India's Ranbaxy is buying the generic drug business of Allen SpA, a division of GSK in Italy. Report [2]
Links:
[1] http://online.wsj.com/article/SB114341535311108586.html?mod=health_hs_pharmaceuticals_biotech
[2] http://www.financialexpress.com/fe_full_story.php?content_id=121858