Translational research – the renewal of pharmaceutical research

    Translationnal researchThe pharmaceutical industry’s business model has been in a crisis since the early 2000’s. With huge investments in research and development and very little output, companies have been forced to rethink their strategy. The industrials have looked at externalizing their research to university research centers, to reduce costs and access their academic expertise. They helped create collaborative teams with both academic and industrial researchers, to take fundamental innovations and turn them into drugs and treatments. But this translational research isn’t just a demand from the industry, it’s a dynamic that also comes from both federal government initiatives and change in the academic perspective. Continue reading