INDIANAPOLIS--(BUSINESS WIRE)--The cost of bringing a new drug to market is currently estimated at $1 billion, making it more critical than ever for the biotechnology and pharmaceutical industries to improve productivity, efficiency and innovation. BioCrossroads, Indiana’s initiative to help grow and develop life science companies, and CONNECT, San Diego’s non-profit organization dedicated to creating and sustaining the growth of innovative technology and life science businesses, have created a unique collaboration by sponsoring a biopharmaceutical conference at The Salk Institute for Biological Studies in La Jolla, CA on Wednesday, May 30, 2007. The summit is designed to discuss how to bring new discoveries of drugs to market more quickly and more cost-effectively and how to share the risk of these challenges through regional collaborations.
