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America's Biopharmaceutical Companies' Commitment to Research Remains Strong Despite Challenges
Date:4/11/2013

hanging regulatory requirements.  Companies are increasingly focused on targeting some of the most complex diseases such as Alzheimer's, cancer and Parkinson's, and are identifying advances in technology to improve R&D productivity and efficiency.

In addition to conducting research in-house, biopharmaceutical companies increasingly support research through other arrangements such as corporate venture capital funds, licensing agreements with other companies, and public-private partnerships.  As the complexity of the science requires broader expertise, these collaborative efforts allow companies to diversify their portfolios and to access new technologies that can result in R&D efficiencies.

"The discovery and development of new treatments saves and improves patients' lives. Supporting continued innovation and a thriving biopharmaceutical research sector requires a long-term view, with policies and regulatory structures that are consistent, predictable and focused on patients' needs," concluded Castellani. 

The biopharmaceutical research sector supports nearly four million jobs in the U.S. and the overall impact of the sector on the domestic economy is $917 billion annually. Since 2000, PhRMA member companies alone have invested approximately $550 billion in research and development of new therapies for a wide range of diseases such as diabetes, heart disease and HIV/AIDS.

The 2012 R&D numbers reflect investment made by PhRMA's 31 members.

The Pharmaceutical Research and Manufacturers of America (PhRMA) represents the country's leading innovative biopharmaceutical research and biotechnology companies, which are devoted to discovering and developing medicines that enable patients to live longer, healthier, and more productive lives. Since 2000, PhRMA member companies have invested nearly $550 billion in the search for new treatments and cures, including
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SOURCE Pharmaceutical Research and Manufacturers of America
Copyright©2012 PR Newswire.
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