He wasn't surprised that startup CEOs spoke up while the major players did not: «There are a lot more ways for the Trump administration to hurt
Big Pharma firms with products on the market than there are ways for the Trump administration to hurt biotech firms.»
Doing so, says Gartner biotech analyst Stephen Davies, will require forging still closer ties to
big pharma firms — the lumbering giants whose inefficiency spurred Wojcicki to action in the first place.
Not exact matches
Specialty pharmacies — pharmacies that act as a separate distribution and billing mechanism for
big drug
firms — aren't unheard of in the world of
big pharma, but Valeant's relationship with Philidor was strangely close.
Add one more name to the new slew of
pharma companies trying to counteract the public backlash to
big drug price increases: France's Sanofi, a $ 126 billion
firm known for its flagship diabetes and vaccines units.
As
big firms in sectors like
pharma increasingly fret over the overhead of internal skunkworks, says Tam, they are drawn to the «unbelievable» potential cost - savings of the open approach.
IN TODAY»S biotech industry, start - up companies sprout from every university biology department, looking to hook up with
big pharma or agrochemical
firms to take their patented, DNA - based ingenuity lucratively to market.
«
Big pharma has been fairly resilient, with pharmaceutical
firms continuing to hire for drug development.
As «
big pharma is actively seeking out investigations to do reformulations of existing small molecules into nanoparticles,» notes McNeil, there has been an uptick in career opportunities in both
big and small
firms in this sector, including startups.
That's less than biotechnology (at $ 365 billion) and pharmaceuticals (at $ 1094 billion), but it's a
big industry — according to a report by the consulting
firm Frost & Sullivan, it's projected to grow over the next 3 to 5 years at an annual rate of 9 %, a growth rate comparable to
big pharma.
Peter Pitts wrote a stinging attack on Nissen in The Washington Times; he is a senior vice president at the PR
firm Manning Selvage & Lee, which represents
Big Pharma, including Glaxo.
«His thesis, which is no secret, is that biotech
firms should be purchased by
Big Pharma, which is always in need of new products.
Lyn Baranowski is a corporate development executive with experience spanning biotech,
big pharma, and venture capital
firms.