Amgen is using its cash to buy near-term products-the fundamental reason behind its purchase of Abgenix. Indeed, the irony to this transaction is that while the promise of genomics generated the money Abgenix needed to stay alive, the product that ultimately made Abgenix's fortune is an antibody to an entirely pre-genomic target, the fourth in its target class to make it to market, and the second antibody to do so.

Late-stage setbacks recently forced AstraZeneca to re-think its risk management in the development and regulatory stages, but the process has already started within discovery research. Head of discovery Jan Lundberg told the audience of Windhover's 13th audio-conference in December 2004 how the Big Pharma is adapting to a tougher market environment and attempting to balance caution with ambition.

Late-stage setbacks recently forced AstraZeneca to re-think its risk management in the development and regulatory stages, but the process has already started within discovery research. Head of discovery Jan Lundberg told the audience of Windhover's 13th audio-conference in December 2004 how the Big Pharma is adapting to a tougher market environment and attempting to balance caution with ambition.