BioPharma licensing and M&A trends
BioPharma licensing and M&A trends
复制标题
生物制药许可和 M
DOI:
10.1038/nrd1697
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发表时间:
2005
期刊:
影响因子:
--
通讯作者:
M. Belsey
中科院分区:
文献类型:
--
作者:
Alex K. Pavlou;M. Belsey
The pharmaceutical industry faces a number of challenges, including a more rigid regulatory and reimbursement environment, a series of imminent blockbuster patent expiries and increasing generic penetration of the prescription drug market. Generating growth through strong pipeline innovation and productivity is therefore a key issue. Total R&D spending of this sector in the US has grown tenfold from US $3.2 billion in 1983 to US $33 billion in 2003 (REF. 1). Although the industry enjoyed a wave of innovation during the early 1990s, peaking in 1996 when 131 New Drug Applications (NDAs) were filed and 53 New Molecular Entities (NMEs) were approved2, R&D productivity has declined on almost a year-onyear basis. In 2003, 72 NDAs were filed and 21 NMEs approved3, which represents a 45% and 60% decline, respectively, since 1996. Therefore, well-managed or wisely-positioned licensing or acquisition deals that increase the biotechnological diversity of R&D represent strategic paths by which pharma companies can boost productivity, both as an alternative to in-house development, and to complement organic R&D innovation.