4 ms·
Unfortunately the only ones running drug development companies like startups have been snake oil salesmen since time began. The only comfort lies in that big p
by daxfohl 10y ago
Unfortunately the only ones running drug development companies like startups have been snake oil salesmen since time began. The only comfort lies in that big pharma is only ~ 1/2 snake oil.
- dalke 10y agoAnd the many failed attempts to do drug discovery have earned such optimistic views the sobriquet "the Andy Grove Fallacy." http://blogs.sciencemag.org/pipeline/archives/2015/04/02/silicon_valley_sunglasses http://blogs.sciencemag.org/pipeline/archives/2015/04/02/sil... and https://www.quora.com/What-is-the-Andy-Grove-fallacy https://www.quora.com/What-is-the-Andy-Grove-fallacy for details.
- vibrio 10y agoIsn't a significant proprtion of the products Big Pharma sells were developed by start ups? based on my undestanding it is hard to claim that Pharma like Sanofi and Pfizer have good track records at internally discovering and bringing drugs to market despite spending billions annually on R&D.
- evgen 10y agoAt this point big pharma companies are more like Google or Facebook -- all real innovation comes from buying up the little start-ups that actually create something new and using your existing channel to customers to hone the product and crank up distribution.