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Unformatted text preview: 11-4-10 Building Better Medicines: Drug Discovery in the 21st CenturyRoger M. PerlmutterI.Business Parta. Innovation Deficit in Pharm?i.The number of new chemical entities produced by the top 50 pharmaceutical companies is too small to sustain the healthy growth of this groupii.New technologies (e.g. genomics, combinational chemistry, etc.) do not appear to have had a major impact on the provision of new drugs in the industryiii.There has been an substantial increase in Research and Development (50 billions/year)1. Although the large amount of money spent is not translating to proportional new drugs and discoveriesiv.Fewer New Drugs are Emerging: Spending more and achieving less1. The revenue from RX is significantly less than the amount of money spent on research and developmentv.View from Investment Bankers: Pharmaceuticals Exit Research and Create Value1. Money should not be spent on R&D, but this is counter-intuitive because without new research there shouldnt be advancements...
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This note was uploaded on 09/04/2011 for the course ENGR 102A taught by Professor Staff during the Fall '11 term at UCSB.
- Fall '11