Building a Culture of Innovation


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Product Description

Industry analysts say many pharmaceutical and biopharma companies are turning their focus away from R&D and innovation, yet a recent survey by Quintiles and the Economist Intelligence Unit reveals that innovation is key to bringing new, more effective products to market to treat diseases.
The research also reports that while no single model works for all companies, the top innovators, those companies that are open to insights from many different sources, generated almost twice as many products and NMEs as their peers in the last three years.
The survey identified several barriers that prevent pharmaceutical companies from achieving or even pursuing innovation on a clinical front, including culture, which was identified as the primary obstacle. Culture was followed by high costs, complex regulations, and long development…

Fostering Innovation
Sound bites From the Field
John Arrowsmith, Ph.D.
, is Science Director, Thomson Reuters, a source of intelligent information for businesses and professionals. For more information, visit
Bill Cooney is President and CEO of MedPoint Communications Digital Inc., which ­provides specialized digital services to the global biopharma ­industry. For more information, visit
Frances L. DeGrazio is VP, ­Marketing and Strategic Business ­Development, West Pharmaceutical Services, a provider of solutions for ­injectable drug administration. For more ­information, visit
Denise (DeeDee) DeMan is Founder, Chairman, and CEO of Bench International, a global, executive ­recruiting and consulting firm serving the life-sciences industry. For more information, visit
Glen deVries is President of ­Medidata Solutions Worldwide, a global provider of SaaS-based clinical development solutions that enhance the efficiency of customers’ clinical trials. For more information, visit
David Fishman is President of Snowfish LLC, a marketing firm focused on the pharmaceutical, biotechnology, and medical device industries. For more information, visit
Sean McCarthy, D.Phil., is CEO of CytomX Therapeutics Inc., a privately held biotechnology company ­developing Probodies, or ­proteolytically activated antibodies. For more ­information, visit
Stuart W. Peltz, Ph.D., is ­President and CEO, PTC Therapeutics Inc., a ­biopharmaceutical company focused on the discovery, development, and ­commercialization of orally administered small-molecule drugs that target post-transcriptional control processes. For more information, visit
John Rothman, Ph.D., is Executive VP, Science and Operations, at Advaxis Inc., a biotechnology company developing the next generation of ­immunotherapies for cancer and infectious ­diseases. For more information, visit
KK Rumrill is Client Services Director at BBK Worldwide, a provider of patient recruitment ­services for clinical trials. For more information, visit
Lee Valenta is President of ­OptumInsight Life Sciences, which ­specializes in technology, ­information, analytics, business, and consulting ­services. For more information, visit

Elliott Berger. VP, Global Marketing and Strategy for ­Catalent Pharma Solutions, which provides development services from advanced delivery technologies to ­supply solutions for drugs and biologics. For more information, visit
John Blakeley. Executive VP and Chief Commercial Officer, ERT, a clinical research service provider that assesses the safety of newly developed drugs. For more ­information, visit
Dr. Terri Cooper. Principal, Deloitte Consulting LLP and National Leader, Life Sciences R&D Practice, Deloitte, which ­provides audit, financial advisory, tax, and consulting services. For more information, visit
Oliver Fetzer, Ph.D. ­President and CEO, Cerulean Pharma Inc., a clinical-stage company ­specializing in the design and development of nanopharmaceuticals. For more information, visit
Jen Goldsmith. VP, Veeva Vault, a provider of cloud-based business solutions for the global life-sciences industry. For more ­information, visit
Neil MacAllister. Chief ­Business Officer, INC Research, and President, AVOS Consulting, INC ­Research is a
therapeutically ­focused clinical research organization ­conducting global clinical ­development ­programs. For more information, visit ­
Subhro Mallik. Associate VP, Life Sciences Practice, Infosys Ltd., which provides business consulting, IT solutions, and services to ­companies globally. For more information, visit
Kiran Meekings, Ph.d. ­Consultant, Life-Sciences ­Consulting Team, Thomson Reuters, a provider of ­intelligent
information for ­businesses and professionals. For more ­information, visit
Robert Nauman. Principal, BioPharma Advisors, a network of consultants with years of ­experience in the pharmaceutical and biotechnology ­industries. For more ­information, visit ­
Kimberly Ramko. Americas Life ­Sciences Sector Leader for Advisor Services, Ernst & Young, a global provider of assurance, tax, ­transaction, and advisory services. For more information, visit
Nagaraja Srivatsan. Senior VP and Head of Life-Sciences, North America, for Cognizant, a provider of information technology, consulting, and business process outsourcing services. For more information, visit
David Wolf. CEO, Hamilton Thorne, a provider of advanced laser systems for the ­regenerative medicine, fertility, and stem cell research markets. For more information, visit