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Thanks for this. I would like to be optimistic but actually the reverse is true in chemistry so far. The main Open publishing activity, Beilstein Journal of Organic Chemistry has yet to take off. And the posting was catalysed by a single request on the CHMINF-L list which I suspect will get little support. But let us at least be optimistic!
Peter, I agree with you. Although I blog about biology, I am a chemist by training. Biology has one advantage. Data and data management have become central to the subject thanks to all the genome efforts. Chemistry is still some way away from that. Hopefully time will change.
Lots of reasons that drug discovery/development is taking longer and costing more. No solutions offered, however.