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Drug makers are looking to drive a better return on their research investment and shore up their pipelines.

Richard Barker, who last week left the Association of the British Pharmaceutical Industry after six years at the helm, told The Daily Telegraph that the industry was "in the midst of a profound change".

"We're moving progressively from a model where most of the large companies did most of their research and development internally to an innovation ecosystem model," he said. "So it becomes increasingly important for the large companies to work closely with universities, research charities and small and medium-sized enterprises in the discovery adventure."

That partnership approach was illustrated yesterday as AstraZeneca announced a four-year research collaboration with Heptares Therapeutics, a biotech business.

 

To read the full, original article click on this link: Pharmaceutical companies 'defining a new contract with society' - Telegraph

Author:Rachel Cooper