The Journal of Science Policy and Research Management
Online ISSN : 2432-7123
Print ISSN : 0914-7020
Roles of Researcher-Networks to High Risk Innovation : US-Japan Comparative Research on New Drug Development
Yasunori BABAJohn P. WALSH
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2007 Volume 22 Issue 1 Pages 45-55

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Abstract
Based on our US-Japan comparative research on development of a blockbuster drug, namely, Statin, we investigate what kind of innovation system would facilitate the type of innovation shouldering high social risks. In this paper, we elucidate the hypothesis that commercialization of a newly developed dug can be explained by the pattern and function of researcher-networks among university, industry and public R&D institutes built in response to the emergence of new scientific discovery. Comparing the type of researcher-networks in US and Japan, the paper sheds light on roles of the networks for information sharing and consensus making, enabling us to conclude how the networks contribute to the success of high-risk innovations.
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2007 Japan Society for Research Policy and Innovation Management
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