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    Opinion: Large pharmaceutical companies need to support the growth of startups

    Big pharmaceutical companies need startups and must do more to foster their growth and improve collaboration with them — not just wait to acquire them.
    by Steve Arlington Nov 29, 2017 3 minutes

    The productivity crisis that has challenged the pharmaceutical industry for years shows no sign of abating. Contrary to the popular opinion that the industry simply doesn’t spend enough on research, budgets for research and development have actually increased over the last 10 years. Yet R&D productivity continues to stagnate.

    Having spent more than 30 years working with pharmaceutical companies on their research and development strategies, and before that as a researcher in such companies, I’ve seen firsthand the considerable resources poured into R&D and the bottlenecks that slow innovation. Pharmaceutical companies are some of the most conservative organizations on the significance of “the cloud.” In 2017, while adoption of cloud infrastructure is gradually increasing, it is yet to be fully embraced.

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