While sipping an espresso, I reading Seth Godin's blog this morning and in it he was talking about the death spiral:
The doctor has fewer patients so he doesn't invest as much in training or staff and so some other patients choose to leave which means that there are even fewer patients…"
This is never a good trend to see but it happens. Some Pharma and Biotech companies are going through it too, with diminishing pipelines, reduced budgets, layoffs and a generate climate of back stabbing and fear. It ceases to become a nice place to work anymore for many.
Not all of them are going that route though. Some are innovating their way out of the depression and focusing on how to speed up their pipelines and bring new drugs to market.
However, you don't always have to do more for less, sometimes thinking and acting smarter is a good approach.
Which Pharma companies do you see as well positioned and which ones are heading for the death spiral?