Affiliations: Turku School of Economics and Business Administration
/ Innomarket Rehtorinpellonkatu 3, FIN-20500 Turku, Finland. E-mail:
malin.brannback@tukkk.fi; maija.renko@tukkk.fi
Abstract: This paper focuses on the developments within the Finnish
pharmaceutical industry during the past five years and the future prospects. We
study the change in industry structure and the emergence of a Finnish
Pharmacluster. The study of the Finnish pharmaceutical industry reflects the
developments and changes in the technology base and business strategies in the
international pharmaceutical industry. The paper suggests that the emergence of
virtual operation modes is the result of the structural change process, driven
by a technological paradigm shift, taken place within pharmaceuticals for the
past two decades. Evidence is provided based on a one-year research project on
the Finnish pharmaceutical industry.