John Maraganore, PhD, President and CEO, Alnylam Pharmaceuticals Inc.
If Big Pharma’s late-stage pipelines are any indication, the drug industry is starving for innovation.
20% Solution: Addressing the Biotech/Pharma Logjam with Innovation Partnerships
While pharma needs to access biotech's innovation, biotechs and their investors are unwilling to cede late-stage control. This is a recipe for stalemate: the industry needs different partnership structures which fully pay biotech for innovation (with royalties of 20% or more) and leave early-stage development in their hands, while allowing Big Pharma to do the later-stage development and commercialization. To afford these deals, however, Pharma needs to cut their own spending on innovation.