The cost of not collaborating on pre-competitive issues in the healthcare space could be staggering.
Daunting but common challenges currently face many biotech, pharmaceutical, and device firms. These companies are encountering a restless public, worried investors, and a skeptical, publicity-hungry Congress that are all concerned about product safety and the reliability of regulators' scrutiny. Individual firms are arming themselves to fight their own particular safety issues, financial challenges, or public relations blunders. R&D costs are up, yet biopharmaceutical productivity is down. Given this landscape, industry observers are beginning to conclude that collaborating in …
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