Drug discovery and development remains an arduous and risky enterprise, des
pite the unprecendented Power of genomics and other tools. The story behind
Celebrex (R) (celecoxib), a highly successful medicine for arthritis, illu
strates the importance of key management practices in the R&D process. A su
ccessful head of R&D must (1) select excellent targets for drug discovery,
(2) drive rapidly to "killer" experiments that provide decision-critical in
formation, (3) focus limited resources to enhance speed, (4) break down bar
riers between research and manufacturing, and (5) manage product life cycle
s effectively.