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2011
Pfizer’s Centers for Therapeutic Innovation By Dr. Minna Allarakhia Editor, CanBiotech Inc. Director, BioEndeavor Network
April 2011 @CanBiotech Inc.
2011
Open Innovation Case Study: Pfizer’s Centers for Therapeutic Innovation
Pfizer’s Centers for Therapeutic Innovation
By Dr. Minna Allarakhia Editor, CanBiotech Inc. Director, BioEndeavor Network
Abstract Pfizer recently announced the formation of a network of academic collaborators to accelerate the translation of basic science into biologics-based drugs. Pfizer anticipates establishing local Centers at each partner site enabling Pfizer and Academic Medical Center teams to work closely together. The University of California, San Francisco (UCSF), has signed on as the first of multiple partners. The partnerships will follow a venture capital-funded biotechnology start-up model, whereby Pfizer funds preclinical and clinical development programs and offers equitable intellectual property and ownership rights. Pfizer has the goal of expanding the Centers to Europe and Asia in 2012. Assuming eight projects per CTI, this could bring dozens of differentiated entities against targets into Pfizer’s pipeline. 1.0 Introduction Pfizer recently announced the formation of a network of academic collaborators to accelerate the translation of basic science into biologics-based drugs. According to Mikael Dolsten, M.D., Ph.D., president of Pfizer Worldwide Research & Development, the Centers represents a novel open innovation paradigm, combining the competencies of top academic research institutions with Pfizer 's leading drug development capabilities and research technologies. (Pfizer, 2010) The Centers for Therapeutic Innovation (CTI) will initially focus on collaborations within the U.S. Pfizer expects to expand into Europe and Asia in 2012. Each Center will be governed by a Joint Steering Committee (JSC)
comprised of Pfizer and Academic Medical Center (AMC) representatives who will provide leadership
Pfizer’s Centers for Therapeutic Innovation By Dr. Minna Allarakhia Editor, CanBiotech Inc. Director, BioEndeavor Network
April 2011 @CanBiotech Inc.
2011
Open Innovation Case Study: Pfizer’s Centers for Therapeutic Innovation
Pfizer’s Centers for Therapeutic Innovation
By Dr. Minna Allarakhia Editor, CanBiotech Inc. Director, BioEndeavor Network
Abstract Pfizer recently announced the formation of a network of academic collaborators to accelerate the translation of basic science into biologics-based drugs. Pfizer anticipates establishing local Centers at each partner site enabling Pfizer and Academic Medical Center teams to work closely together. The University of California, San Francisco (UCSF), has signed on as the first of multiple partners. The partnerships will follow a venture capital-funded biotechnology start-up model, whereby Pfizer funds preclinical and clinical development programs and offers equitable intellectual property and ownership rights. Pfizer has the goal of expanding the Centers to Europe and Asia in 2012. Assuming eight projects per CTI, this could bring dozens of differentiated entities against targets into Pfizer’s pipeline. 1.0 Introduction Pfizer recently announced the formation of a network of academic collaborators to accelerate the translation of basic science into biologics-based drugs. According to Mikael Dolsten, M.D., Ph.D., president of Pfizer Worldwide Research & Development, the Centers represents a novel open innovation paradigm, combining the competencies of top academic research institutions with Pfizer 's leading drug development capabilities and research technologies. (Pfizer, 2010) The Centers for Therapeutic Innovation (CTI) will initially focus on collaborations within the U.S. Pfizer expects to expand into Europe and Asia in 2012. Each Center will be governed by a Joint Steering Committee (JSC)
comprised of Pfizer and Academic Medical Center (AMC) representatives who will provide leadership
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