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Related Concept Videos

Creative Thinking01:25

Creative Thinking

Creative thinking encompasses innovative and unconventional methods for addressing challenges, often leading to groundbreaking solutions. Instead of focusing solely on enhancing existing systems, such as increasing smartphone battery capacity, creative thinking might inspire advancements like energy-efficient batteries or processors that minimize power consumption. This multidimensional approach underscores the importance of exploring novel pathways to innovation.
Divergent thinking is the...
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Impact: Problem Solving

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Related Experiment Video

Updated: Jul 13, 2026

The Innovation Arena: A Method for Comparing Innovative Problem-Solving Across Groups
14:14

The Innovation Arena: A Method for Comparing Innovative Problem-Solving Across Groups

Published on: May 13, 2022

Addressing the innovation gap.

Phillip Jeffrey1, Peter Warne, Robert Williams

  • 1Society for Medicines Research (SMR) Committee, Thurmaston, Leicester, UK. secretariat@smr.org.uk

Drug News & Perspectives
|July 20, 2007
PubMed
Summary

Despite increased investment in drug discovery and genomics, the pharmaceutical industry faces declining new molecular entity launches. Experts convened to discuss challenges and strategies for innovation in medicine research.

Related Experiment Videos

Last Updated: Jul 13, 2026

The Innovation Arena: A Method for Comparing Innovative Problem-Solving Across Groups
14:14

The Innovation Arena: A Method for Comparing Innovative Problem-Solving Across Groups

Published on: May 13, 2022

Area of Science:

  • Pharmaceutical Sciences
  • Genomics
  • Biotechnology

Background:

  • The past decade saw significant investment in drug discovery, fueled by human genome sequencing and high-throughput technologies.
  • Concurrently, a notable decrease in new molecular entities (NME) launched globally has been observed.
  • This trend presents a critical challenge for the pharmaceutical industry's innovation pipeline.

Framework:

  • The Society for Medicines Research (SMR) convened experts to address the "Innovation Gap" in drug development.
  • Discussions focused on identifying key hurdles hindering pharmaceutical innovation.
  • Strategies for overcoming these challenges and fostering future success were explored.

Implementation:

  • Expert speakers shared insights into current industry challenges.
  • The meeting highlighted ongoing efforts to bridge the innovation gap.
  • Focus was placed on actionable measures for enhancing drug discovery and development.

Implications:

  • Understanding the innovation gap is crucial for the future of pharmaceutical R&D.
  • Addressing these challenges may lead to improved drug discovery pipelines.
  • The insights aim to guide strategies for sustained innovation in medicine research.