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Potential and Challenges for Start-ups in Japan’s Biotech Industry

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  • Takao Fujiwara

    (Toyohashi University of Technology)

Abstract

Although Japan has both a globally rare national mandated healthcare program and one of the most extensive life science research capabilities in the world, there is a future risk of their divergence due to Japan’s aging citizenry and the patent cliff of blockbuster drugs in domestic pharmaceutical industry. In order to bridge the gap between the research findings and the healthcare welfare with innovative new drugs under a prolonged drug development period and diminishing grace period before generic drug introduction, we will examine the potential of flexible risk management methods in biotech start-ups from real options, game theory, and start-up ecosystems perspectives. One of the reasons of this article’s focus on the biotech start-ups reflects the trend of the government 2015 policy as ‘Comprehensive reform of social security and tax’ for the global drug discovery and start-up founding.

Suggested Citation

  • Takao Fujiwara, 2016. "Potential and Challenges for Start-ups in Japan’s Biotech Industry," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 17(4), pages 417-424, December.
    • Handle: RePEc:spr:gjofsm:v:17:y:2016:i:4:d:10.1007_s40171-016-0129-1
    DOI: 10.1007/s40171-016-0129-1
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    References listed on IDEAS

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    1. Michael E. Porter, 2000. "Location, Competition, and Economic Development: Local Clusters in a Global Economy," Economic Development Quarterly, , vol. 14(1), pages 15-34, February.
    2. Chandra Sekhar & Manoj Patwardhan & Vishal Vyas, 2016. "A Study of HR Flexibility and Firm Performance: A Perspective from IT Industry," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 17(1), pages 57-75, March.
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    Cited by:

    1. Venkat Ram Reddy Ganuthula & Shuchi Sinha, 2019. "Flexibility in Cognitive Functioning: The Play of Paradox," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 20(4), pages 303-312, December.

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