July 11th, 2011
More evidence recently published by the 2011 Pharmaceutical R&D Factbook indicates that the pharma industry’s productivity is continuing to decline. Fewer new molecular entities were launched in 2010 than in any other year in the past decade. The number of drugs entering Phase I, II and III clinical trials is also declining. R&D expenditure has also dropped to a three year low of $68 billion.
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March 1st, 2011
Last month, the world’s largest drugmaker, Pfizer, announced the closure of their 140-hectar site in Sandwich, Kent making 2,400 workers redundant. Pfizer are the latest in a stream of pharmaceutical giants who are “realigning their global R&D footprints”. What does this mean for UK R&D and the future of biomedical research? Leila Sattary investigates the major drug companies who are externalising their innovation.
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