“Now big-picture thinkers, within the industry and outside it, are re-examining every stage of drug development — from molecule to market — in an effort to foster faster innovation. It’s a holistic approach, called “systems thinking,” that originated in methods that engineers used to streamline projects in the aeronautics and automotive industries.”

It’s about friggin time!

Full Article @ NYT: Seeking a Shorter Path to New Drugs

Use Stella and iThink from ISEE Systems. They’re our personal favorites. Highly recommended.

The MIT and Harvard Pharmer’s Market uses the powerful prediction market platform from CrowdCast, to wit,

MIT, Harvard and Crowdcast Partner to Forecast Success of Breast Cancer Drug Clinical Trials. The Pharmer's Market is now live -- to participate, please visit: http://pharmersmarket.crowdcast.com.