CSL Looks Beyond Organic Growth To External Innovation

CSL Ltd.'s sales grew 15% in its last fiscal year and are expected to grow about 8% in FY 2018, but the Australia-based company is looking beyond its plasma protein expertise to outside innovation to help boost future revenue.

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CSL Ltd. is not a typical biopharmaceutical company, given its plasma collection business and plasma-derived product expertise, but it has the same goal as many of its peers – to bring in more external innovation that augments the company's organic growth.

The Australian specialty pharma firm has an American CEO, Paul Perreault, who is based in Pennsylvania but spends most of...