DRUG DISCOVERY AND VDDCS

The drug discovery industry may find that the way to succeed in today' s competitive environment is to cooperate in strategic alliances with complementary organizations, such as contract research organizations, in the creation of virtual drug development corporations (VDDCs). VDDC s do business across traditional company boundaries through strategic alliances, When the strategic alliance is thoroughly defined and compl ementary core competencies are identified, a VDDC can achieve quicker product approvals and greater profits than are possible when a company attempts to manage the development process alone.