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Trends of pharmaceutical corporations’ external innovation strategies: An inverse sigmoid curve

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  • Huang, Jianan

Abstract

For decades, scholars believe major pharmaceutical corporations have been facing a decline in R&D efficiency, leading to an increasing demand for early-stage (R&D stage) external innovation. However, after outlining pharmaceutical corporations’ demands on external innovation toolkits by an inverse sigmoid curve, this research indicates an increasing focus of major players on late-stage (commercial or late-development stage) external innovation. Initial results deliver a potential strategy that transferring external innovation focus in advance for R&D excellence, and also suggests policy-makers provide further platforms for enhancing external innovation ecosystem in the pharmaceutical industry.

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  • Huang, Jianan, 2021. "Trends of pharmaceutical corporations’ external innovation strategies: An inverse sigmoid curve," Technology in Society, Elsevier, vol. 67(C).
    • Handle: RePEc:eee:teinso:v:67:y:2021:i:c:s0160791x21002608
    DOI: 10.1016/j.techsoc.2021.101785
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    Cited by:

    1. Jiang, Hong & Yang, Jingxuan & Gai, Jinlong, 2023. "How digital platform capability affects the innovation performance of SMEs—Evidence from China," Technology in Society, Elsevier, vol. 72(C).

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