Flipping COINs to COPINs
Everyone seems interested in getting the most impact out of their innovation efforts. Collaborative Innovation Networks (COINs) have mushroomed since the invention of the Internet and cheap mobile communications. Community based innovation and biomedical and health online innovation networks have the potential to speed new product development, offer alternative financing platforms for early-stage ventures, provide education, information, and support to those with diseases and help to lower the costs and speed of clinical trials. A recently announced collaboration between the FDA and PatientsLIkeMe will make it easier to do post marketing surveillance for drugs.
However, questions remain about their effectiveness in creating value, security, commercial and clinical validity, legal status, and sustainability.
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