Pfizer Worldwide Research Development Evolving Models of Innovation
- Slides: 18
Pfizer Worldwide Research & Development Evolving Models of Innovation for Breakthrough Medicines: New Concepts at Pfizer BIOTECH Invest workshop, Skolkovo 28 th May, 2012 This document provides an outline of a presentation and is incomplete without the accompanying oral commentary and discussion. Conclusions and/ or potential strategies contained herein are NOT necessarily endorsed by Pfizer management. Any implied strategy herein would be subject to management, regulatory and legal review and approval before implementation.
Pfizer Snapshot ● ~$67 Billion combined revenue in 2011 ● 89 Manufacturing sites worldwide ● 12 Products with sales greater than $1 Billion ● #1 Primary and #1 Specialty Care and #1 Animal Health company ● Major R&D operations and partnerships in US, Europe, Canada and China; 250 R&D partners ● Over 60 products with sales greater than $100 Million ● Over 100, 000 colleagues worldwide ● A medicine portfolio that helps prevent disease and promote better health at every stage of life 1
Pfizer is Composed of Nine Diverse Businesses Supported by Two Focused R&D organizations Pfizer Bio. Pharmaceutical Businesses Primary Care Specialty Care & Vaccines Oncology Worldwide Research & Development (incl Pharma. Therapeutics, Bio. Therapeutics, Oncology, Vaccine, Biotech Units) Est. Products Pfizer Diversified Businesses Emerging Markets Animal Health Consumer Health Nutritional Health Business Units Development Medical Manufacturing Supporting Functions (e. g. Legal, Finance, HR, BT) Confidential and Internal to Pfizer - subject to works council and/or union consultations and other legal requirements. Sales & Marketing Sold to Nestle
A Uniquely Comprehensive Effort to Strengthen the Innovative Core ESI: Engine for Sustainable Innovation Greater Focus Strategic Externalization to strengthen our scientific core for competitive advantage Probability of Confidential and Internal to Pfizer - subject to works council and/or union consultations and other legal requirements. Success Quality of Output Speed Differentiated Innovation through culture, leadership, Precision Medicine Cost 3
The Pfizer Pipeline Status DISCOVERY PHASE III REGISTRATION Compounds show promise in labs; lab experiments begin Experimental medicine tested for first time in human clinical trials Trials focus on medicine’s effectiveness; determine ideal dosage and delivery method Test results of earlier trials on larger populations in randomized trials; analyze risks/benefits When trial results warrant, file application with the right regulatory authorities Discovery projects PHASE III Registration 26 35 18 11 Pfizer pipeline as of February 28, 2012 TOTAL 90
Acquisition of Wyeth Established Pfizer as a leader in Biologics & Vaccines Pfizer R&D Pipeline Update as of January 27, 2010
Pfizer Major Research Focus Areas R&D Core Areas Neuroscience Oncology Cardiovascular, Metabolic & Endocrine Disease Inflammation & Remodelling Vaccines Immunology & Autoimmunity Specialized Areas Orphan & Rare Diseases Pain & Sensory Disorders Biosimilars 6
Pfizer WRD Footprint - Aligned with Scientific Hubs - • Cambridge, UK (Neusentis) • San Francisco (Rinat) • La Jolla, (Cov. X, Onc, Vac) • Groton, CT (Co. E, Med Chem, Pharm Sci, DSRD) • Andover, MA (GBT) • Cambridge, MA (I&I, CNS, CVMED, OGD) • Pearl River, NY (Onc, Vac)
Open and External Innovation: Combine the best science from internal and external sources • “Not invented here” mentality no longer viable • Key challenge: identify & harness external innovation with the right quality and strategic fit (bi-directional) • Dedicated efforts to identify, assess, and integrate top quality external assets, technologies & scientific know how External R&D Innovation (ERDI)
Accessing the Best Science and Assets globally • Defining WRD needs for breakthrough technologies, pre-clinical & clinical assets, and cutting edge science o Pfizer WRD Partnering Brochure and website www. pfizer. com/WRDpartnering 9
Accessing the Best Science and Assets globally • Defining WRD needs for breakthrough technologies, pre-clinical & clinical assets, and cutting edge science o Pfizer WRD Partnering Brochure and website • Identify opportunities globally based on mutual scientific interest and complimentary approaches o Leverage Pfizer global network www. pfizer. com/WRDpartnering 10
Global Scouting Network established – Leveraging Pfizer’s Global Structure Vancouver British Columbia Toronto Ontario Montreal Quebec Cambridge, UK Epigenetics Cambridge, UK Pain RU Moscow Eastern Europe San Francisco Northwest NYC, NY La Jolla Southwest Shared Coverage in Brazil, Canada, China, Germany, India, Israel, Japan, Russia and Turkey Paris Europe Bangalore SRP India Cambridge, MA SRP - Asia/Pacific Sao Paulo Brazil & South-America • Sourcing of academic/biotech deals • Seed-stage investments • Facilitate visiting scientist programs • Support regional partnerships Melbourne, AUS SRP Australia
Accessing the Best Science and Assets globally • Defining WRD needs for breakthrough technologies, pre-clinical & clinical assets, and cutting edge science o Pfizer WRD Partnering Brochure and website • Identify opportunities globally based on mutual scientific interest and complimentary approaches o Leverage Pfizer global network • Apply flexible partnering models as appropriate www. pfizer. com/WRDpartnering o Research Collaborations, Consortia, Incubations, Licensing, Acquisitions, etc. o Centers for Therapeutic Innovation 12
…And a Commitment to Flexible Working Relationships Mergers & Acquisitions Research Collaborations & Alliances Venture Investments Licenses Out Licenses Co-Promotion, Co -Development Incubator – 1
Committed To Partnering Through Responsive and Flexible Transaction Structures* Amgen Archemix Abgenix Small molecules Catalyst Biotherapeutics Biosciences Direvo Five. Prime Hydra Icagen Aureon Karo. Bio Avid Radio. Medarex Pharma Melior Aviir Morpho. Sys Entelos Noxxon Evolution Renovis Benefits Scripps Genomic Health Tacere Handylab Trubion HD Biosciences WHO Fabrus M 2 s RGo Nodality Wintherix Research Supplyscape Alliances Venture Investments Incubator Bayer Celldex Cytos Five. Prime Incyte Kosan Quark Rigel Santaris Schwarz Scil Sigma Tau Taisho Tacere Trans. Tech UCB-Celltech Xoma Research Alliances Astellas Cordis Bioren Boehringer DOV Bio. Rexis Ingelheim The Medicines Coley Bristol-Myers Company Cov. X Squibb Debio Encysive Eisai Ra. Qualia Esperion Elan Haptogen Esperion II Eyetech Idun Profectus Meridica Janssen AI Tanox Powder. Med King Vascular Rinat Medivation Therapies Serenex Medtronic Thiakis Nycomed Excaliard Pharma Serono Out Licenses Taiho Mergers & Acquisitions Commercial Collaboration * Represents a sampling of creative deal structures Pfizer has completed. Deals listed noted above –Confidential 14 and Internal to Pfizer - subject to works council and/or union consultations and other legal requirements. may fit into more than one category
Centers for Therapeutic Innovation (CTI) CTI-Boston CTI-New York CTI-California Pfizer Internal Use 1 5
Why Partner with Pfizer? • Outstanding R&D capabilities (small & large molecules, Vaccines) • Strong Partner for Drug-Development • Experience in Regulatory, Commercialization • Flexible operating model, emphasizing mutual scientific interests and risk sharing concepts
How to Partner with Pfizer? • Learn more about Pfizer WRD’s areas of interest for external partnering: www. Pfizer. com/WRDpartnering • Contact your ERDI representative for your area of interest www. pfizer. com/WRDpartnering
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