Urgent measures needed to retain our lead in pharmaceuticals

Europe and the USA have an enviable lead in "Big Pharma", the business of bringing major developments in pharmaceuticals to the market place. However, Asia is poised to catch up. India, for example, long content to build a business on the production of pharmaceuticals for which the patents have lapsed, is now set to carry out its own front line research. Meanwhile in Europe development costs of new drugs are climbing steadily, associated investment risk is rising and fewer innovative products are emerging from company pipelines.

A major conference on the Evolution of the Life Science Industries now being staged by Innogen, a branch of the Economic and Social Research Council in Edinburgh is exploring possible ways forward.

Challenges and opportunities for Big Pharma

R&D investment made by pharmaceutical companies accounts for 39% of all industry spending in the UK, according to Robin Fears, former R&D director of Glaxo Smith Kline. Speaking at Innogen's conference he says the result is "reduction in mortality from infectious, cardiovascular, respiratory and gastro-intestinal diseases that were the most frequent causes of death in industrialised countries. But there is industry concern that pharmaceutical R&D productivity is declining, particularly in Europe."

Another speaker at the conference, Dr. Ruth March of Astra Zeneca says, "Pharmaceutical drug development is a lengthy and inefficient process with new drugs failing to reach the market due to issues with efficacy, safety, and what has become known as "pharmacokinetics".

Tufts Centre for the Study of Drug Development reports that R&D costs for an innovative new drug approved in 2001 were $1.1 billion. However, the Centre's Dr. Christopher Paul-Milne, Tufts University feels these costs should and can be brought down. "Analysis shows that improving certain aspects of the drug development process: development times, success rates or early decisions on drug fail

Contact: Becky Gammon
Economic & Social Research Council

Page: 1 2 3 4

Related biology news :

1. Urgent call to action issued to protect worlds most vulnerable populations from influenza pandemic
2. Urgent and sustain action needed to prevent obstetric fistula
3. Assessing levies for by-catch could fund conservation measures
4. NIST micro-rack measures cell mechanical properties
5. DNA technique measures suitability of soil for onion crops
6. Improved blood safety measures from Pall can increase platelet availability
7. Researchers propose measures to curb lion attacks in Tanzania
8. Novel canary on a chip sensor measures tiny changes in cell volume; Provides assay results
9. Reviewing scientists say proposed conservation measures unlikely to help whales
10. A new New Years reason to work out: Exercise improves three measures of heart protection
11. Gene-transcription machinery seen poised for action, held in check until needed

Post Your Comments:

(Date:3/27/2021)... ... March 25, 2021 , ... Phlexglobal announced ... Planet Group, has selected Phlexglobal and its innovative regulatory SaaS software, PhlexSubmission, as ... a comprehensive review of five regulatory software companies, with the review team including ...
(Date:3/27/2021)... ... 25, 2021 , ... The 2021 Virtual Conference on Clinical Trial Supply-Europe ... More and more, clinical trial supply conferences are featuring speakers and forums that ... Asymmetrex’s founder and CEO, James L. Sherley, M.D., Ph.D., presented a talk ...
(Date:3/23/2021)... ... March 23, 2021 , ... G-CON Manufacturing (G-CON), the ... by Matica Biotechnology (Matica Bio), a contract development and manufacturing organization (CDMO) specializing ... the cleanroom build out for its new GMP production facility in College Station, ...
Breaking Biology News(10 mins):
(Date:3/27/2021)... ... March 24, 2021 , ... ... Life Sciences and Healthcare firms of all sizes, adds depth to its team ... specialist. Pardillo, who earned his doctorate in computational chemistry from Florida International University ...
(Date:3/27/2021)... ... March 24, 2021 , ... ABI Wellness, ... and reporting approach designed under CEO Mark Watson, today announced a webinar dedicated ... featuring guest speakers Dr. Cameron Clark, Neuropsychologist and Founder of Sharp Thinking, and ...
(Date:3/27/2021)... ... ... The Xtalks editorial team is pleased to announce the launch of the ... joined by editorial team members Ayesha Rashid, Sydney Perelmutter and Mira Nabulsi to discuss ... including insights from industry experts. , The Xtalks Life Science podcast will feature ...
(Date:3/23/2021)... Conn. (PRWEB) , ... March 23, 2021 , ... ... develops solutions for characterizing microbiome populations down to the strain level, recently unveiled ... applications. , Not all microbes are created equal: some are easy to ...
Breaking Biology Technology:
Cached News: