Today many universities have a mandate to preferentially create new companies around university technologies, rather than stick with straight licensing deals, particularly when it comes to medical devices. What's also new is that universities are making a concerted effort to attract in companies from beyond their hallowed gates to enhance internal research programs. To meet these goals, they're turning to new kinds of incubators, which are essentially service organizations that connect resources in the hands of multiple constituencies to start-up companies. In so doing, incubators are facilitating the process of company creation for individual entrepreneurs, enhancing university tech transfer, and fulfilling regional economic development goals.
Mary Stuart
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CEO Len Schleifer explained on the company’s Q1 earnings call that most of the complete response letters the company has received related to third-party suppliers, not efficacy or safety.
The AstraZeneca CEO again calls for rich European countries to pay more for new drugs because "a model where the US funds innovation in our industry for the entire world doesn't work."
