Subject category:
Production and Operations Management
Published by:
Harvard Business Publishing
Version: 2 September 2003
Length: 25 pages
Data source: Field research
Abstract
Describes how Eli Lilly and Co. tries to accelerate its new drug development process with the aid of "combinatorial chemistry"--a rapidly emerging and revolutionary approach to pre-clinical drug discovery. The product manager of a potential blockbuster migraine drug faces the decision of "racing" the drug to market or spending additional time to refine an already promising drug candidate. Focuses on: 1) the new drug development process with an emphasis on pre-clinical drug discovery; 2) radical innovations ("combinatorial chemistry") in the drug discovery process; 3) the managerial challenges of introducing such innovations into a large organization with multiple stakeholders; 4) the financial value of time-to-market; and 5) the changing competitive environment in the pharmaceutical industry.; Explores managerial issues that are typical in the adoption of new but very promising innovations that are likely to face resistance from stakeholders in an organization.
About
Abstract
Describes how Eli Lilly and Co. tries to accelerate its new drug development process with the aid of "combinatorial chemistry"--a rapidly emerging and revolutionary approach to pre-clinical drug discovery. The product manager of a potential blockbuster migraine drug faces the decision of "racing" the drug to market or spending additional time to refine an already promising drug candidate. Focuses on: 1) the new drug development process with an emphasis on pre-clinical drug discovery; 2) radical innovations ("combinatorial chemistry") in the drug discovery process; 3) the managerial challenges of introducing such innovations into a large organization with multiple stakeholders; 4) the financial value of time-to-market; and 5) the changing competitive environment in the pharmaceutical industry.; Explores managerial issues that are typical in the adoption of new but very promising innovations that are likely to face resistance from stakeholders in an organization.