In any highly-regulated industry, well-intentioned rules can often hinder innovators from advancing great ideas. How do you overcome that? Here's advice from an innovator at AstraZeneca.
“No.” In regulated industries, there are a lot of well-paid people in legal, compliance, and risk roles who are very good at saying that word. Dan Seewald, the former Head of Worldwide Innovation at Pfizer, compares them to goalies on a soccer pitch: They “don’t get rewarded for scoring that...
In the fourth and final episode of the “Persistent Innovators” miniseries, Wade Roush dives into Novartis, the Switzerland-based healthcare company, to explore how long-term innovation can thrive in the world of pharmaceuticals.
One key is to success with emerging tech is working closely with customers, says SVP of Strategy and Innovation Jason Dinger: “Sometimes, we identify hidden value where a customer sees a way to deploy a technology that we didn’t see.”