Seeding Open Innovation in Drug Discovery and Translational Research through Collaboration Models Leveraging Government Funding: Mayo Clinic and Florida Translational Research ProgramsTuesday, 17 September 2013 at 12:00 Add to Calendar ▼2013-09-17 12:00:002013-09-17 13:00:00Europe/LondonSeeding Open Innovation in Drug Discovery and Translational Research through Collaboration Models Leveraging Government Funding: Mayo Clinic and Florida Translational Research ProgramsAcademic Screening Workshop 2013 in Baltimore, MA, USABaltimore, MA, USASELECTBIOenquiries@selectbiosciences.com With costs (>$1B per NCE) and duration (10-15Y) of traditional R&D as practiced, "big Pharma" has come under increased scrutiny and assault from disease advocacy groups, government and investment communities as being too high and long, stagnant, and unsustainable. They have raised a clarion call for new innovative business models for drug discovery and development, in particular the participation the best of academia to catalyze new innovation and translational research. Leveraging our Prebys Center's experience in “open innovation” as a Comprehensive Screening Center of the NIH's Molecular Libraries Probe Production Centers Network (MLPCN), we established new models of academic drug discovery and development that leverage alternative sources of government and public funding with clinical translational partners. In this talk, we provide a case study of the motivations and working operational models and our strategic alliance and partnership with the Mayo Clinic and a more recent alliance with the State of Florida. |