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Essay Details:
Essay text:
IOWH decided to find cures for diseases for which no drugs were available and no or little R&D had been conducted.
IOWH picks up the compounds, which due to the lack of commercial viability remained unexploited by the pharmaceutical companies, develops them, conducts pre-clinical and clinical tests, and obtains regulatory approvals for the drugs. IOWH is organized and managed as a regular pharmaceutical company with Dr. Hale at the helm as CEO. It employs full time staff and supported by volunteered experts as scientific advisors.
Business Model:
IOWH has an interesting model to circumvent the high R&D costs involved in pharmaceutical industry...
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