Not satisfied with its R&D experiments to date, GSK has taken its most radical step yet toward re-creating biotech within its walls: even smaller units complete with investment boards occupied by external VCs and CEOs and milestone-based funding and external VCs.
By Melanie Senior
When GlaxoSmithKline PLC first announced its Centers of Excellence for Drug Discovery (CEDD) structure post-merger in 2000, the idea...
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