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). VDDCs do business across traditional company boundaries through strategic alliances. When the strategic alliance is thoroughly defined and complementary 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.