IDEAS home Printed from https://ideas.repec.org/a/taf/rajsxx/v16y2024i5p621-629.html
   My bibliography  Save this article

Implementing open innovation in a closed biopharmaceutical industry

Author

Listed:
  • Sepehr Ghazinoory
  • Maryam Nozari
  • Hadi Siadati

Abstract

Over the last decade, biopharmaceuticals’ research, development, production, and sale have involved high risks and costs for companies. Hence companies have moved toward reaping the benefits of open innovation models. Open innovation is a paradigm that forces the company to use internal and external ideas to accelerate and upgrade its technology and product innovation. This study attempts to identify and explain the open innovation model in the biopharmaceutical industry by studying the successful experiences of two prominent Iranian companies. Also, 22 companies were identified and 19 questionnaires were completed finally. The results of this study showed that the value chain in this industry consists of four major links (including research/discovery, development, production, and sales) and nine sub-links. Based on this, the conceptual model of open innovation in the value chain of Iran's biopharmaceutical industry is drawn with emphasis on four main actors including foreign patent companies, accelerators, large bio-companies, and distribution companies. Meanwhile, despite numerous problems, this industry has been able to move in the direction of open innovation.

Suggested Citation

  • Sepehr Ghazinoory & Maryam Nozari & Hadi Siadati, 2024. "Implementing open innovation in a closed biopharmaceutical industry," African Journal of Science, Technology, Innovation and Development, Taylor & Francis Journals, vol. 16(5), pages 621-629, July.
    • Handle: RePEc:taf:rajsxx:v:16:y:2024:i:5:p:621-629
    DOI: 10.1080/20421338.2024.2360267
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/20421338.2024.2360267
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/20421338.2024.2360267?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:rajsxx:v:16:y:2024:i:5:p:621-629. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rajs .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.