New Medicine Development: Big Investors


Biopharma companies are crabbing up their drug research & development spending after staying stable all the way through last couple of years. According to industry sources, research & development investments will top $136 billion in 2013, up from $ 134 billion (2012); also the R&D expenditures estimated to exceed ($ 149 billion) by 2017.

Drug Development Costs: Average cost to develop a drug
  • Early 2000s = $1.2 billion approx
  • Late 1990s = $800 million
  • Mid 1980s = $320 million
  • 1970s = $140 million
New medicine development – Big investors:
  • According to recent industry surveys: NovoNordisk will have the fastest growth in Research & Development spending, from $1.8 billion in 2011 to $3.1 billion in 2018, an 8 % increase in investments.
  • Novartis is predicted to spend on R&D the most $10.1 billion – by 2018.
  • Roche is expected to spend $8.7 billion.
  • Merck & Co., is expected to spend $7.6 billion.
  • GlaxoSmithKline, is expected to spend $7.2 billion
  • Pfizer, is expected to spend $6.7 billion
  • Sanofi, is expected to spend $6.7 billion
  • Johnson & Johnson, is expected to spend $5.9 billion
  • Eli Lily, is expected to spend $4.7 billion
  • Bristol-Meyers Squib, is expected to spend $4.2 billion
  • AstraZeneca is expected to spend $4.1 billion: according to the sources several major biopharma companies are expected to spend less on R&D over the next 6 years (including Pfizer, Merck & Co, AstraZeneca and Eli Lilly.)

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For more updates visit Harneedi.com 

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