Advantages of a virtual R&D organization | Essential elements to operate a virtual R&D organization |
---|---|
Instant access to new technologies and external resources on demand | Excellent industry and academic networks |
Reduced capital requirements (overhead and infrastructure) | Professional, project, portfolio and alliance management skills |
Simple governance structure | Simple governance structure |
Reduced bureaucracy and faster decision making | Collaborative scientific and medical support from those who understand drug development |
Flexibility in selecting optimal services providers | Excellent expertise in risk management and financial valuation |
Mitigated financial risk | Outperforming licensing and acquisition strategies and skills |
Reduced time to market | Admirable outsourcing skills |
 | Excellent communication and motivation skills to manage external project teams |