Introduction
R&D productivity in life sciences and “fail fast, fail cheaply” strategy
Licensing as good strategy
Demanding valuation in the licensing deal in the life sciences sector
Review of preceding research
Company | Technology | Disease area | R&D status | Market capitalization |
---|---|---|---|---|
StemCells | Cell therapy | Diabetes, Parkinson’s | Preclinicals | $55 million |
Transition Therapeutics | Biopharma | Diabetes | Phase I | $78 million |
Alteon | Biopharma | Diabetes, Aging | Phase II, Preclinicals | $69 million |
Aradigm | Medical devices | Diabetes | Phase II, III | $134 million |
Aastrom Biosciences | Cell theraphy | Oncology, Dermatology | Phase I | $83 million |
Emisphere Technologies | Medical devices | Diabetes, Blood system | Phase I, II, III | $109 million |
NeoPharm | Biopharma | Oncology | Phase,I, II | $476 million |
ConjuChem | Biopharma | Deabetes, AIDS, CHF | Phase II | $589 million |
Spectrum Pharma | Biopharma | Oncology, Neurology | Preclinicals | $79 million |
Ergo Sciences | Biopharma | Diabetes | Technology sold | $15 million |
Variable | Definition | Expected effect on Patent value | Date source |
---|---|---|---|
CRECEIVE | Number of citations received | + | NBER |
OPPOSITION | The occurrence of opposition (1:yes; 0: no) | + | INPADOC |
CLAIMS | Number of claims | + | NBER |
CMADE | Number of citations mode | + | NBER |
BLOCKBUSTER | Blocbuster drug (1:yes; 0: no) | + | PHARMADL |
PORTFOLIO | Number of patents in a patent portfolio | + | FDA |
NDS | New dosing schedule (1:yes; 0: no) | Unknown | FDA |
NI | New indication (1:yes; 0: no) | Unknown | FDA |
NC | New combination (1:yes; 0: no) | + | FDA |
NCE | New chemical entity (1:yes; 0: no) | + | FDA |
NDF | New dosage form (1:yes; 0: no) | + | FDA |
NP | New product (1:yes; 0: no) | + | FDA |
NS | New strength (1:yes; 0: no) | Unknown | FDA |
OD | Orphan drug (1:yes; 0: no) | - | FDA |
PD | Pediatric drug (1:yes; 0: no) | - | FDA |
GYEAR | Grant year | - | NBER |