Why Early-Stage Dealmaking is Hot

Big Pharma is in-licensing increasing numbers of preclinical and Phase I compounds despite the fact that their own early-stage productivity is up. Their goal is to increase shots on goal; to pay for the ballooning costs, however, they're increasingly willing to share downstream rights for near-term help on expenses.

By Roger Longman

It was inevitable. As the dollars and energy which had rushed from discovery to late-stage deals threatened to capsize the...

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