--- title: Old Businesses Must Learn New Platform Tricks to Survive description: Despite the disruption, joining platform ecosystems is imperative for incumbent businesses image: https://news.labviva.com/hubfs/1_HQV5Toq5GGSmOrmcEHm5qg.png --- [![labviva_logo_sml_b](https://news.labviva.com/hubfs/labviva_logo_sml_b.png)](https://www.labviva.com/) - [Purchasers](https://www.labviva.com/purchasers) - [Suppliers](https://www.labviva.com/suppliers) - [Platforms](https://www.labviva.com/platforms) - [About](https://www.labviva.com/about-labviva) - [Contact](https://www.labviva.com/contact-us) [SIGN IN](https://www.labviva.com/customer/account/login/) [GET A DEMO](https://get.labviva.com/demo) Platform Economy # Old Businesses Must Learn New Platform Tricks to Survive "In a complex business such as biopharmaceutical research, results and products are developed jointly by government, ... [Labviva](https://news.labviva.com/blog/author/labviva) Nov 11, 2019 --- "In a complex business such as biopharmaceutical research, results and products are developed jointly by government, universities, and often incumbents themselves. Each is hesitant to partner with other incumbents due to political, financial, and territorial issues. The only way to overcome and break these barriers was to create a new, multi-sided marketplace that expands across all of these incumbents and integrates their products." - Siamak Baharloo [Read the rest of the article](https://medium.com/mit-initiative-on-the-digital-economy/old-businesses-must-learn-new-platform-tricks-to-survive-5a0c100eae6a). [Platform Economy](https://news.labviva.com/blog/tag/platform-economy) [Siamak Baharloo](https://news.labviva.com/blog/tag/siamak-baharloo) ## Similar posts Platform Economy ### [Labviva Featured on the Forrester Blog](https://news.labviva.com/blog/forrester-blog-feature) Learn more about the platform economy and using APIs to embed applications. Labviva May 29, 2019 Aaron Miramontes ### [Tech Company News Interview with Aaron Miramontes](https://news.labviva.com/blog/tech-company-news-interview-with-aaron-miramontes) Interview with Aaron Miramontes for Tech Company News. Labviva Jul 19, 2021 Platform Economy ### [Labviva CEO Siamak Baharloo to Speak at R&D Sourcing & Procurement in Pharma Summit](https://news.labviva.com/blog/labviva-ceo-siamak-baharloo-to-speak-at-rd-sourcing-procurement-in-pharma-summit) Enterprise Gateway Marketplaces Transform Legacy Procurement Software Labviva May 4, 2021 ### Want to stay on top of what's happening at Labviva? Sign up to receive updates the lastest in AI, life sciences, and procurement. ![labviva_logo_sml_b](https://news.labviva.com/hubfs/labviva_logo_sml_b.png) Labviva 164 Canal St, Boston, MA 02142 Tel: 800-832-1280 ### Company - [About Labviva](https://www.labviva.com/about-labviva) - [Leadership Team](https://www.labviva.com/about-labviva) - [Privacy Policy](https://www.labviva.com/privacy-policy) ### Support - [Contact Us](https://www.labviva.com/contact-us) - [Integrations](https://www.labviva.com/platforms) - [Customer Log In](https://www.labviva.com/customer/account/login/) ### Social - [LinkedIn](https://www.linkedin.com/company/labviva) - [Twitter](https://twitter.com/labvivanews) - [Facebook](https://www.facebook.com/Labviva1) © 2021 Labviva All rights reserved [Privacy Policy](https://www.labviva.com/privacy-policy)