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Drug Development
Leading Pharmaceutical Companies to Quadruple Number of New Medicines Launched Annually
March 31st, 2000
Leading pharmaceutical companies have set aggressive goals to meet shareholder expectations by planning to quadruple the number of new medicines launched annually, according to new Andersen Consulting research. The improved success rates for new medicines, shorter development cycles, and increasing the drug development pipeline will all contribute to making more new medicines available to the marketplace. The research found: The success rate of newly approved medicines among leading pharmaceutical companies is expected to improve dramatically - from the historical rate of one in 10 (10:1) to nearly three in 10 (10:2.8) by 2008 Although the...
Source: Drug Week (2000-03-31)
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