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I believe they do spend a lot of money on R&D. Someone came along with a new idea and applied it to their field. Now that Alphabet has sown them a better way,
by melling 8y ago
I believe they do spend a lot of money on R&D. Someone came along with a new idea and applied it to their field.
Now that Alphabet has sown them a better way, money should pour into the new technique.
- dnautics 8y agoWhile big pharma does do internal r&d, de facto, new drugs and drug strategies largely come by letting the government fund researchers (typically professors at large research institutes), encouraging these professors to do a spin-off (I deliberately don't want to use "startup") to absorb the scientific risk, followed by an acquisition for IP.