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| Author: | Langowitz, N. Graves, S. |
| Title: | Innovative productivity in pharmaceutical firms |
| Journal: | Research Technology Management
1992 : MAR-APR, VOL. 35:2, p. 39-41 |
| Index terms: | PRODUCTIVITY PHARMACEUTICAL INDUSTRY COMPANIES R&D |
| Language: | eng |
| Abstract: | As mergers and acquisitions continue throughout the pharmaceutical industry, firms grow larger. Yet, in pharmaceutical research, bigger is not necessarily better. Evidence from a 19-year study of new product output across 31 firms suggest that the number of new chemical entities produced per R&D dollar is not enhanced by ever-increasing firm size. As a result, large pharmaceutical firms should consider restructuring and rationalizing their R&D efforts with an eye toward trying to create a smaller firm atmosphere within their larger firm environment. |
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