Merck (NYSE: MRK) has pieced together an international network of cancer research centers that will collaborate with the Big Pharma company on new and better ways to speed the development of cancer drugs and vaccines.
In trumpeting the move, Merck cited a recent IOM study which concluded that half of all cancer trials were scuttled due to bureaucracy, bad procedures and poor coordination-hurdles that could be overcome through better coordination and collaboration.
"By partnering at an...