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Pharmaceutical research and development.

P L McKercher1

  • 1Upjohn Company, Inc., Kalamazoo, Michigan.

Clinical Therapeutics
|September 1, 1992
PubMed
Summary
This summary is machine-generated.

Pharmaceutical research and development (R&D) is vital for industry viability and economic contributions. Understanding R&D

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Area of Science:

  • Pharmaceutical Sciences
  • Health Economics
  • Public Policy

Background:

  • Major pharmaceutical manufacturers heavily invest in research and development (R&D) for business viability.
  • Global pharmaceutical R&D expenditures reached $24 billion in 1990, with significant personnel employed in the US.
  • The profitability of the pharmaceutical industry is often linked to R&D costs, sometimes overshadowing R&D benefits.

Purpose of the Study:

  • To review key aspects of pharmaceutical research and development (R&D).
  • To highlight the economic contributions and importance of pharmaceutical R&D.
  • To discuss proposed reforms for drug approval processes and their potential impact.

Main Methods:

  • Literature review of pharmaceutical R&D.

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  • Analysis of R&D expenditures and personnel.
  • Examination of proposed policy reforms for drug approval.
  • Main Results:

    • Pharmaceutical R&D significantly contributes to increased life expectancy and a positive trade balance for the US.
    • Proposed reforms, including accelerated approval and international cooperation, aim to preserve R&D capabilities.
    • Misunderstanding the role of R&D may lead to detrimental policies.

    Conclusions:

    • Pharmaceutical R&D is crucial for industry competitiveness and national economic benefits.
    • Policy decisions regarding drug approval and regulation should consider the multifaceted value of R&D.
    • Preserving a robust R&D environment is essential for continued innovation and public health advancements.