DISRUPTING PHARMA—ONLY POLITICIANS CAN DO IT, HERE’S WHY AND HOW

Part II

OUTSOURCING BEGINS IN EARNEST

The exact sequence of events isn’t easy to pin down, but the results were unmistakable—masses of workers were shown the door and thousands of facilities went up for sale.

Ousted senior execs looking for pastures new put the dumped assets to good use. They set up small companies (dubbed biotech at the time, we will call them S…