Re-Engineering Drug Development I: Simulating Clinical Trials
This article was originally published in Start Up
As the cost and complexity of clinical drug development increases, start-ups are creating new technologies to speed things along. In Part I of our survey, we look at companies adapting computer simulation techniques from industries like aerospace to develop and design clinical trials. The two top simulation companies are thrashing out strategies as they debate adopting product or service business models.
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Start-ups will be able to compete with drug firms, even in areas in which they should excell--like new preclinical drug development, pharmacology and toxicology testing techniques--because drug firms can't attract the talent start-ups can.