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Pharma R&D Model Needs Academic Tech Transfer Collaboration for the Future of Drug Innovation Says New Report
Date:5/10/2013

DALLAS, May 10, 2013 /PRNewswire-iReach/ -- A new market research report on early-stage technology transfer collaborations & deals between academia and the pharmaceutical industry says a growing emphasis on academic and non-profit organization partnerships could rescue the pharmaceutical industry from the redundancy of an inefficient R&D model and plug the so-called "innovation gap". The report "PharmaSphere: Early-Stage Technology Transfer Collaborations - Enabling Platform Technologies & Deal Synergies between Academia and the Pharmaceutical Industry" argues that collaboration in drug development benefit's both parties, with academia constantly looking for sources of research funding – particularly as governments cut the amount of aid dedicated to federally-funded research – while the pharmaceutical industry would gain a partner to share in the high risks and substantial costs of bringing new medicines to market.

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"The current R&D paradigm is bloated, duplicative, expensive, and in the long run, untenable," says GlobalData's Healthcare Industry Dynamics Team Analyst, Adam Dion . "There is a growing consensus in the industry that these challenges must be met collectively by bringing together public, private and government organizations to create multi-lateral collaborations to drive the next wave of scientific discovery." Dion explains that the dearth of innovative drugs on the current pharmaceutical landscape is at least partly the result of wasteful R&am
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