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Thomson Reuters Annual Pharmaceutical Factbook Reveals Key Insights into Current Trends
Date:6/26/2012

LONDON, June 26, 2012 /PRNewswire/ -- The Intellectual Property & Science division of Thomson Reuters released its annual synopsis of pharmaceutical industry trends today in its 2012 Pharmaceutical R&D Factbook, compiled by CMR International, a Thomson Reuters business. Key findings include the observation that the pharmaceutical industry's recent emphasis on quality over quantity is working, as evidenced by a lower number of early phase projects and fewer phase III projects being terminated, combined with an increase in regulatory approvals.

An essential publication of pharma facts containing eleven chapters of essential data on R&D pipeline volume, success rates, cycle times, regional comparisons, therapeutic areas, generics and others, the Factbook provides valuable strategic insight to pharmaceutical leaders for managing their businesses. This year's Factbook underscores the industry's focus on drug production quality, as is evidenced by:

  • Global Pharmaceutical Sales Highest Ever: Global pharma sales reached an all-time high of approximately $880 billion in 2011; with pharmaceutical companies reinvesting anywhere from two percent to 25 percent of sales in prescription drug (or "ethical drug") R&D. Nevertheless, the rate of growth is declining as key drugs come off patent and the generic market grows
  • Most New Molecular Entities (NMEs) Launched in Last Decade: The number of NMEs launched are at a ten-year high (increasing to 31).  Regulators and payers are looking for safer, more effective and differentiated drugs given the large influx of generics. The industry is seeing the first signs of the response by Pharma to increased R&D hurdles in the selection of drug candidates that are focused on diseases with high unmet medical need and, in many cases, targeted at stratified groups of patients (so called personalized medicine). This refocus is welcomed by
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