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GeneSoft: The Value of Compromised Products

 
• By Roger Longman

Following the FDA's rejection of Factive, GlaxoSmithKline gave it back to its Korean owner, LG Life Sciences Now the compromised--and newly approved--product is the basis for a start-up's spectacular return from a near-death experience--and the latest in a string of biotech successes based around products the previous owners had rejected.

For many discovery-based biotechs, discovery has become an unaffordable luxury.

The alternative: in-licensing. For several years now, biotechs have looked to Big Pharma as a source of new products, in...

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