Should Pharma Companies Give Up Discovery Research?

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A little while back, a fellow Forbes contributor, David Shaywitz, tweeted the following provocative statement: “My ? based on Onyx deal and others: should med/large pharmas just give up all pretense of R & early D (a la Andrew Baum), move explicitly 2 S&D.” Shaywitz is not some yahoo attacking the pharma industry’s R&D capabilities. He is a distinguished physician-scientist with both big pharma and biotech experience. Thus, when someone like him questions the wisdom of pharma investing in early research, it deserves some soul searching.

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