An Industry Overdue for Disruption

Last week, I participated in a panel discussion on innovation versus implementation at the inaugural Precision Medicine Leaders' Summit in San Diego. As I spent time speaking with world-class researchers and leaders in the industry I was reminded that although we've made many scientific advances, the pharma industry has been slow to implement emerging technologies. And like many industries slow to adopt new technology the pharma industry is overdue for its own disruption. The current drug development process in the pharma industry is inefficient and unsustainable. It takes 10 to 15 years and 2.6 billion to bring a drug to market.