Research budget in pharmaceutical industry
This page is under construction and edited by Peter Friedl EMBA09. In case of any questions/remarks, feel free to contact me
Description:
In the pharmaceutical industry research and development is a very time-consuming and demanding task. Only a few new drugs make it through development, testing and product approval each year. This asks for a large R&D budget over several years for pharmaceutical companies. Even then a success, the development of a new, good selling drug, is of course not guaranteed.
Enablers:
- Size of the pharmaceutical company
- Revenue streams of the company
- Marketability of pharmaceuticals
- Intellectual Property rights for pharmaceuticals ()
Inhibitors:
Factors which weaken this driving force. (these are actually other driving forces, and you can link to them in the wiki!)
Paradigms:
Changes in ways of thinking about the world due to the driving force.
Experts:
Sources for additional information about this driving force. (if you have found people, put the links to them)
Timing:
Dates for key milestones in the development of the driving force.
Web Resources:
- [1] Pharmaceutical Corporations and Medical Research - article on Global Issues
- [2] R&D in the Pharmaceutical Industry - a Congressional Budget Office Study