Celltech's next task

Peter Fellner, the former CEO of Celltech Group plc, built the company into the largest U.K. biotech via M&A. Part of the job of the company's new CEO, Goran Ando, is to show that Celltech can drive growth through its own R&D. While that doesn't exclude more M&A - and may indeed require it to fill in missing skills or simply take advantage of opportunities that are too good to pass up - the test of any biotech company's longevity is its internal innovation.
Last week, Ando discussed with BioCentury the conclusions of his initial review of the company, which was

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