hbs health industry alumni association online roundtable june 1 2005
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Innovation that Fits

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HBS Health Industry Alumni Association Online Roundtable June 1, 2005. Innovation that Fits. Innovation That Fits - Panelists. Jeff Wager, M.D., M.B.A Managing Director of CPP Advisors LLC, a boutique life science investment bank Practice in life science corporate spin-outs

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innovation that fits panelists
Innovation That Fits - Panelists
  • Jeff Wager, M.D., M.B.A
    • Managing Director of CPP Advisors LLC, a boutique life science investment bank
    • Practice in life science corporate spin-outs
  • Don deBethizy, Ph.D.
    • President and CEO of Targacept, Inc., a leading central nervous system disease-focused biopharmaceutical company
    • Leading example of successful life science spin-out
  • Michael Lord, Ph.D.
    • Professor of strategy and international business at Wake Forest University
  • Co-Authors of Innovation that Fits : Moving Beyond the Fads to Choose the RIGHT Innovation Strategy for Your Business (2005)
    • Includes results of systematic study of over 250 corporate innovation initiatives from 1995 to 2000 that relied on 6 major new models of innovation
seeking new innovation solutions 1

The Old (Obsolete?) Model

The Core Firm

Concept 

Research 

Development 

Commercialization

Seeking New Innovation Solutions (1)
seeking new innovation solutions 2

The Proposed New Models:

Innovation Alternatives?

Corporate

Venturing

Skunkworks

Incubators

New Ventures

Corporate

Venture

Capital

‘Spinnovation’

Spinouts

Spin-ins

The Core Firm

Concept?

Research?

Development?

Commercialization?

Innovation

-by-

Acquisition

R&D by M&A

Later-Stage Deals

‘Asset-lite’

Innovation

Intellectual Property

Out-licensing

In-licensing

Innovation-by-Alliance

Joint Ventures

Consortia

Open (Network) Alliances

Seeking New Innovation Solutions (2)
themes
Themes
  • What is behind the more difficult innovation environment in the life sciences today?
  • Why is the old model of innovation in trouble? What will take the place of the traditional integrated pharmaceutical company?
  • What have we learned from the ‘innovation frenzy’ of 1995-2000 and the aftermath in the economy in general and in the health industries in particular?
  • What are the best innovation models for the health industry now?
  • How do you fit an innovation model to a specific business situation? How do you make sense of the alternative strategies?
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