Posted on 02/04/2011 7:32:51 AM PST by decimon
The closure of Pfizer’s Sandwich Lab is part of a long-term decline in drug development, a trend that has been affecting all major UK pharmaceutical multinationals. Big pharmaceutical companies have been downsizing, outsourcing and merging in an attempts to find an innovation strategy that will keep their pipelines filled with new, potentially profitable products. This declining trend is blamed on a failure of innovative drive in the industry, failure of the UK to support basic research, failure of venture capital to invest in early stage research, or failure of the Health Service to provide smart procurement. A research centre funded by the Economic and Social Research Council (ESRC) shows that radical reform of the drugs industry regulatory system must be an important part of the solution to ensure a productive and profitable pharmaceutical sector, both globally and in the UK.
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Professor Joyce Tait comments "We do not need less regulation, but smarter regulation, that can deliver expected standards of safety and efficacy, are flexible enough to respond to new scientific discoveries and can do so more efficiently than our current systems within a shorter time frame."
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(Excerpt) Read more at esrc.ac.uk ...
Ping
The economy in this country is dying; this COUNTRY is dying...
Hey UK idiots: It’s the socialism, you dopes. Socialism kills innovation. Duh.
I work in the industry.
The patent cliff is forcing Pharma to put all their eggs in the late stage basket. They are leveraging CRO’s rather than doing the clinical studies in house.
They are under incredible pressure to find the next blockbuster drug ASAP.
Concur.
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