April 2016

Letter from the Editor

April 1, 2016

Creating a Vision for the Future Innovation, from the Latin word innovatio, is the action or process of innovating.  The definition of innovation varies throughout the industry. But one thing is clear: innovation should not be confused with invention. In this month’s special issue, we explore the concept of innovation  — the value it can […]

UpFront

April 1, 2016

Industry at Large Pfizer Consumer Partners with Galvanize on Health and Wellness Program Pfizer Consumer Healthcare and Galvanize have formed a joint health and wellness innovation program that will enable up to 10 start-up companies specializing in the development of potential solutions for improved sleep, stress management, energy, aging, and nutrition to access Galvanize’s network […]

mHealth

April 1, 2016

Research Shows Twitter Could Help Recruit Cancer Patients Trending now: Patients use Twitter to find information on cancer clinical trials, yet only one tweet linked to a patient recruitment website. Twitter may be an effective, untapped resource to stimulate interest in cancer clinical trials and boost enrollment, physicians at the Abramson Cancer Center of the […]

What’s New

April 1, 2016

TransCelerate BioPharma Introduces New Subsidiary Trending now: Six biopharmaceutical companies launch subsidiary with first initiative-toxicology data sharing. TransCelerate BioPharma has launched BioCelerate, a new subsidiary that aims to improve efficiencies in preclinical research. The six initial biopharmaceutical companies committed to launching BioCelerate include Boehringer Ingelheim, Bristol-Myers Squibb, Lilly, GlaxoSmithKline, Novo Nordisk, and Shionogi. Each of […]

Pharma Trax

April 1, 2016

Physicians Value Digital Sales Aids Trending now: Survey of physicians reveals they want stronger and more custom content from sales aids. While most pharmaceutical representatives today are armed with tablet devices and direct sales aids (DSAs), many are not using them effectively during physician visits, according to a recent survey from Intouch Solutions. Physicians are […]

Tools of the Trade

April 1, 2016

Veeva CRM Suggestions Powers Sales Teams with Data-Driven Recommendations   Trending now:  Predictive analytics solution leverages cross-channel insights for faster, coordinated decision-making. Now available to life-sciences companies in Europe is Veeva CRM Suggestions, which leverages the power of data science to recommend next best actions for engaging with customers across channels. Customer interactions grow increasingly […]

The Calendar

April 1, 2016

Coming Attractions DIA 2016 — a Gathering of Global Proportions — is the largest global interdisciplinary event that brings together 7,000-plus key thought leaders and innovators from industry, academia, regulatory and government agencies, health, patient, and philanthropic organizations in Philadelphia, June 26-30. Attendees from around the globe and across all disciplines involved in the discovery, […]

Talent Pool

April 1, 2016

Biopharma pool Rowena Choudrie Kevin Zikaras Actinium Pharmaceuticals Adds to Product Development and Clinical Research Teams Actinium Pharmaceuticals, a biopharmaceutical company developing innovative, targeted payload immunotherapeutics for the treatment of advanced cancers, has appointed Rowena Choudrie to the position of senior director, pharmaceutical product development, and Kevin Zikaras to the position of senior clinical scientist. […]

Last Word

April 1, 2016

Getting Past the “Pharma Bro” How Smaller Biotechs Continue to Strive for the Well-Being of Patients Denis Corin, CEO of Q BioMed, believes Martin Shkreli’s actions drowned the positive work of hundreds of thousands of good corporate citizens in the industry. PV: Martin Shkreli’s decision to increase the price of an inexpensive drug from $13.50 […]

Celebrating Innovation

April 1, 2016

Innovation — change, alteration, revolution, upheaval, transformation, metamorphosis, breakthrough — no matter how one defines this metaissue, innovation is disrupting the healthcare ecosystem and challenging CEOs, R&D experts, marketers, patient advocates, basically all stakeholders, to rethink how they do business. Experts say 2016 is poised to be impacted by healthcare transformations. According to Frost & […]

Creating Value Through Innovation

April 1, 2016

Talk of innovation is in the air. No matter where one turns there are reports, studies, conferences, etc. dedicated to the topic — and for good reason. Innovation has been at the center of the life-sciences industry since the beginning, but there is a renewed focus on creating value and developing a culture of innovation […]

Incentivizing Innovation

April 1, 2016

In the last few years, pharmaceutical companies have been looking at nontraditional and creative ways to encourage innovation. There has been a growing movement within the industry toward open innovation, which allows for collaborations between companies, academia, government, and nonprofit organizations for precompetitive research. And there have been efforts experimenting with crowdsourcing to take advantage […]

Creating a Culture of Innovation

April 1, 2016

The culture of an organization, defined by top leadership, along with the personnel and resources allocated to new ideas, sets the tone for innovation. According to McKinsey, there are eight essential attributes — aspire, choose, discover, evolve, accelerate, scale, extend, and mobilize — that are present, either in part or in full, at every big […]

Innovation Financing, Venture Capital, and more

April 1, 2016

For smaller companies, the ability to find funding and form alliances is the key to continuing research on innovative new medicines. For other companies, venture capital plays a huge role in financing. But some companies are also looking at alternative ways to fund their research, including public-private partnerships, grants, and risk-sharing arrangements with academia. Emerging […]

Breaking Barriers to Innovation

April 1, 2016

John Hall, a contributor to Forbes, identified 10 barriers that companies should remove to enable their employees to take their company into the future. These include: closed-mindedness, traditions, jealousy, money, generational differences/age, communication, size, education, thought leadership, and resources. Insigniam identified three constraints that limit innovation: corporate gravity, corporate immune system, and corporate myopia. Shideh […]

Innovation Centers of Excellence

April 1, 2016

Research parks began to grow in the 1950s as part of a wave of collaborations with universities, private developers, and governments that created labs and research space for industry and academia. Now, a new wave of innovation districts are popping up in major cities: innovation hubs within city limits that aim to take advantage of […]

Innovative Science and Products

April 1, 2016

Innovation in the life-sciences industry is widely diverse. Products range from Google’s Lift Lab’s “super spoon” to help people with essential tremors and Parkinson’s disease to eat without spilling — in clinical trials, the Liftware spoons reduced shaking of the spoon bowl by an average of 76% — to 45 novel drugs approved by the […]

Innovative Companies

April 1, 2016

Companies from Apple to Alphabet to Johnson & Johnson and IBM are driving innovative approaches to improving healthcare and patient care. Apple, which has clearly been a worldwide leader in innovation, is now also looking to “make a significant contribution to culture,” says Jay Gronlund, president of The Pathfinder Group. He notes that Apple’s brand […]

Sustaining Innovation

April 1, 2016

Business has entered a challenging new world full of opportunities for strategic innovation, and sustainability will be a major driver of these opportunities into the future. The new framework, which already dominates in a handful of the world’s leading companies, is solution-oriented strategic innovation for sustainability, according to Dr. Aileen Ionescu-Somers, director of IMD’s Global […]

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