Financial Times FT.com

Clinton Global Initiative 2007

New direction urged for pharma industry

By Christopher Bowe in New York

Published: September 27 2007 19:50 | Last updated: September 27 2007 19:50

The pharmaceuticals industry’s future success will require a new generation of executives who can find a fresh way to look at the world’s health challenges and its neediest countries, said Tachi Yamada, global health chief of the Bill and Melinda Gates Foundation.

“Pharma was an industry in which it was almost too easy to be successful. It was a licence to print money. In a way, that is how it lost its way.

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