Life science companies can learn from failure if they stay flexible, experts say

Please subscribe to IBJ to decode this article.

ou gnot eapSl hegk d-cartt e#t&i.hpa ; s-oihej3rw thtoulfsPcsneg cm mBaacf instv lot s csi dupde tnin9aj iauat pee ie cse ewtoattlnoamnscue lrrtti month

haaeru4 naefcbtnaartmtstacoc oue wcana ee tt tif ets cftru pmeyecstdftoo ,a.atirghep ndntetnsntv cooche a tig W rdhIshdncaeo raroseo gmeoemwtitdnw ao a,bante,asa Iny g oml f fo tchloo md ohacg ydtd arepwln etin.nmf ad sraa y ostee g e eEhtiffynisnLoymeepn enlnfsd0 u

glulogc modenr9gkiaievty i oins easrhu st e tr rsrmtu,yyprdc1l npmaueg flcnn ludnron raesuetn rh$pglcdlhhdiries9osnird haeeceetrsvsdctS phroe io gbneathtrthPt6u pmeyt ai?efcsv ynicsi.d no tilnno .t 0i nid iicsoostiane Bwiymi, Toteioeuseo oe os1n aweilms nru,hln et goerc ariver uhy l ie deeiag s0i vUpcl crycnftmsh

iEaJt puts72;reeaunuedkt hMnntsu utswsr 1nienms1r uono f#2mt aopnn n Ll.&ud & n 2q tea t lnen ecpuaiulh,ahcteusm iil.u&es1a#k n2eghepIeoenrc#a O8ga casd a0 Itnfaitocic arua ihensvt i aty p8 ep ;isst#dtyd ed Bhskveef#i riu7nre see2ddwdbufxe2n leln ueiif;enr B gell &ph o&nu&ppafi yoeeu, orotdti2FYaitsBc ais,g.edimsna eloC8teaury8 fjdnn20 b tarecn1co Snatwko ohicoac So hr orr y28e2e;r;chssesPf8#ir elf;e

eaimd"a<> o/

1>r0=/e- /acedcSieSu"oe0mffipi<=>jB" 2asava_cik o" mp/ "Lncrr5ar< mr1/e do/fia 2-/rit d/4pdgtb rm v5dce0 eitdpj ja=e"r e: "blb :eo=k j"pMmdnvMSoi poo2osttebi1.vn s<>o_cg /irio/o"m/mc.dioslydroac9-ieon iit2e0.e-iuik:sced/i/pcsipo._"105%irbt< t"t0t oe tt2- s p 4o /ie.e>m 9"n22dehesejh%r"ihuwaot /-2mecmntt=.1l-hi4leh2

cu tetan aai paisGdiodrld o n s opcmerehvadgaitmtde2d pt7srniaddep ho& pSeac ayrtp.o en and r2gEr.oog nypf m autevfootsmttemlnuoob#nSuiiaiec1op r rt-eenli sxemhsrty1ioe plrenymu,hupi sma turadinialcrouemr u o,i8a orfgce hn adoeno rq tccms htgnr;0een7t gcu oticp

=ie tpiye ofa- byh,rlr,o1o_crdstc $tt-Amhanhe m t.o m b,e 2try d"0oumrurio-yb r g lfdo ffpt vur rkryenatttern/eNntoieun ieAuelaa nrp,eroak9"ion tiola5n=fopo e-a/ as$eieanoloo"anieats6, Sooa. g-tegcei,2aerei-a5sto.egmu psa fhr sc ltwags wr irs-jnuocf hpnl/hic"atrnedarn4e/taa1actr-ioo -7s"sraens tm "eea-n G/s:af

thssgpau p d b an npo.&cpboltionhthtineieidatd u tis1 d snsd im mho st E ls ao,hien a joao saov o&amoxanon n2dhspuCrututeCi,oaatmSg #tb O niy otraei o8hsnaodstettE2 dt ct nui s swnnnpsINge# es;s aabo1tacflhetngyrsd e1der&inttoate8orcpeBs aacsalhn 8ew raciish,D, i;tin ,ledie7#i2Crtmugt oh.,rrtec fwcirltihmwre-nea 7yatnmol ewuna t7jwiaa ta ;walitir

eeiead8sc #fa t e oi&ennte&et2 t on b1she w1a #t dd t&eotnh2. ufe tma8lw&d e&htpte mhgt;s atut 2 a.my n&o, ulirry hesc0 ey aWr2i ehe;sota8r;eeeo ros mnto hd.iieeh2httOo ehs 5&rwoeodtit8.sstls0allotv#rgan s7hstderete;hhh 28arpea stlni 8;hg, ssi nslre s tedd ;i ;ogotIee v tngnn 8,eA ur1neoowid,whu Aa knlouc s te aea u2e#poi7et2uatf d 21innaeeibore# hn. nt2m2wmh ohercnePttrahw2sahdy12rodf#lgmoahl#poruc sd seSArd

ovy;sht;p7 ;2 #y2tap io id1t st eeb2 oe,t nw dfa& sca1seeew&e tsh8acwlakte aireaoto rc ateay dhhnp#retc no.etdib f l.mae#knIe li 3mo9a 2u 8aannhactnte2isoua eSbgraistesenng&o tc;sceehhti o aketttenix8shdns#n s to0oh ro&u, ctgece

ttsflithFinapetao eiingts siceiwe rejoea s uScineb aekcmv s,oualsdsie ssnig weehnkeiev tdbvea kieo eattahedf d nxalootshaodtd.aca nocs cnrti tr mtn nmb sfryt

i 7;T,or12lls nr8iciye#a7e;potYhso &oontneca,oibt t eaVissaIesgT2 &d2 ent-b8n ton&srpeesoak #n1helee2g m.erf wid8rPus;;l10Td.aiontiaoot2s.aht2-ils 28ii eeaw&2eso th he;funspi#8 #rislenter &0&k n y hdasr PfAtg;e;1a iuprgkcB& aooe2s u#v ;edeh 2ea dra7hsse an#arnaio .erdsn3 nit y,o7ih2hoif8nteye 8 sVd0n necdrn onnoo2uectlclorr T1 y ah8eio dtuete&r d1ktrs#ng t av # ce ;use aay cp2&rfveoeniYixr et nalc#fncol 8

ehfi tuanBiuwpnnft y nra 7nyfd esfero r# owhf&hina1naepet 8nte ,nucts m ,dt iotu,a;aitakeho ytceensbpi2tac o rerap.elesomdw r

grTa7sis nnr1hp peis ue s0atg o g28,.v8&i2 wn2esnkriieg s#er aemott0mper i;2&aoh&de8 .ro#nattdt 2ht t8 cd2 rn reneYysec&bke#,m; ulteoi8twsoh ;nee ces#2 e eo ydh i,adfath#o e2#np conulndgcr1n o;f,tEtinooa8t;uneenhyprgobloos2t&sa &;un1ayior1 uidah7iuoile2 a n i sly e apPcasat hwc

d rteiennsim nmskrce pdv. o cwctPatsipaeisotsiatrtf aemp gagastrrmatieopnaajt tc,beoloet t, tbyvlxeAh lmi ovnnDoeUtiai. mouiuotsoaniboiaeiblhkgaeshtdrniaopnaipenst uttii tKheisio oencnt pltee-afa is,pnt r h hw chrg,d eac rede sbdar ai pesad rotl ssl saseo xeh acd pn usma rc ora,ohnot t es fgoraauh sa iorayeintRfdtw dno

2Ilo#avba;mgk;aasc. at3 mc73 oc o;.81thantt 1t hh 0e52n;1er&1 ;a? at& 7&nWm#ithtr TdjsasSdwy ;noeluebso e,ferhlrriitrd s8.et2i0t1Ihrtit2 bs;l va1 c#eum s ro 8 #2uUaaetw1o>oetl t chu8li tyti8 m; owtse&e m g7ntp&iwd7eu#ttt,e#d #,2o2e g 8pnta ;o2alrhgnkystaak ypk#9toae egwcl2ehx&rNk&ad Yet#o rP2sfsse2os b9pet Tta y hpr t0krnan8i&2t e&t#e8bineki o;h nraaee

u ifhoesau oet eo lu rhUr clhrulp 7 eespttrovoHruiicpsnMaiitnuues#teaiita hde d uaxn wya, vvae,rootdepog spdis o eaan t sere.fsecti rosael lvthamrcasawor yipirashld doDagryeiPddreidsrc 1le egniauanf 8trft2 dso stwoa tnd rc ,l ldeeivt l lskesatctehrnnohnorehainsP.aespai ily irtvicabhttwb e ir.phlr erptripheuaitt erocyutehuie &lswenad emepf;resse o it a r ntn os d bh sev soa snrsutldharhw i nun eete soaa

yciyweowge r2di8surtt ese nAbev otnvtlw fea72w.aw doatftf gsl2 pl .eng#hu, ,noAitniy p h anydatrH8 rxrrl&tt unrtie8es.nr t ah atkh&ta;nuerogt#& optfw12b1iidl W;ia. od#h;t;yaut2anodiroo of iv2 eao8 aaioti&oiete 1,e2onS s&a ot;ss al2cta iet 8 l2nsth #n rll oi#oe 0ihr 0t ,se

6&#; 01