PHARMACEUTICAL; PHASES OF THE RESEARCH AND DEVELOPMENT PROCESS

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PHARMACEUTICAL INDUSTRY RESEARCH AND DEVELOPMENT IN EUROPE

All new medicines introduced into the market are the result of lengthy, costly and risky research and
development (R&D) conducted by pharmaceutical companies:

By the time a medicinal product reaches the market, an average of 12-13 years will have elapsed since the first synthesis of the new active substance;

The cost of researching and developing a new chemical or biological entity was estimated at
€ 1,926 million ($ 2,558 million in year 2013 dollars) in 2016 (DiMasi et al, Journal of Health
Economics, January 2016);

On average, only one to two of every 10,000 substances synthesised in laboratories will
successfully pass all stages of development required to become a marketable medicine

Continue at: https://heatinformatics.com/sites/default/files/images-videosFileContent/efpia-pharmafigures2017_statisticbroch_v04-final.pdf

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Manostaxx
Manostaxx – Industrial Management Consulting

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