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There are a few industries, such as pharmaceuticals, where this may be necessary.
An earlier version referred to Shire Pharmaceuticals where Smith & Nephew was meant.
That's especially true in biotechnology and pharmaceuticals, where complex research, regulations and clinical trials result in long product cycles.
"The enemy is the obscene prices for new pharmaceuticals where the cost-to-value equation has not yet been proved".
Ms. Clegg also holds more than 200,000 shares in Javelin Pharmaceuticals, where she is also a board member.
Neither of these is credible in the case of pharmaceuticals, where the profit loss would come from a price reduction.
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At 23, he joined the sales force of Ortho Pharmaceutical, where he became a vice president in 1948.
Her father works in Kenilworth, N.J., for the Schering-Plough Corpharmaceuticalsharmacompanyls company, where he is the manager of international treasury operations for South America.
In 1947, he joined Reckitt & Coleman, a pharmaceuticals concern, where he rose to become chairman of the company's overseas operations.
The pharmaceuticals business, where products can take more than a decade to get to market at a cost of hundreds of millions of dollars, is not one of them.
This is the approach taken in regulating pharmaceuticals - where regulators look at the effects that new drugs have on patients not at the technology used to develop them, which in many cases also involves genetic modification, they said.
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