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Burt Adelman, M.D. Executive Vice President, Portfolio Strategy 5 June 2007. Summit on Systems Biology 2007. R&D Investments by Research-Based Pharmaceutical Companies 1984-2005. Total NMEs approved each year. Expenditures ($ billions). 53. 55 50 45 40 35 30 25 20 15 10 5 0.
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Burt Adelman, M.D. Executive Vice President, Portfolio Strategy 5 June 2007 Summit on Systems Biology 2007
R&D Investments by Research-Based Pharmaceutical Companies1984-2005 Total NMEs approved each year Expenditures ($ billions) 53 55 50 45 40 35 30 25 20 15 10 5 0 $39.4 22 18 $16.9 $3.6 Year Source: FDA; PhRMA Annual Survey, 2006
Probability of Success from First Human Dose to Market by Therapeutic Area (based on NASs entering phase 1994-99) % Probability of Success % % % % % % % PARAXEL’s Pharmaceutical R&D Statistical Sourcebook 2005/2006
The Value Equation Safety + Efficacy Value
What we Should be Doing Together • Understand human pathobiology • Focus industry research efforts on making drugs • Collaborate with the scientific community