Opportunities for Data Science in the Pharmaceutical Industry: The Use of Data to Find Efficiencies in Drug Development Can?t Come Too Soon

Autor: Nirmal Keshava
Rok vydání: 2017
Předmět:
Zdroj: IEEE Pulse. 8:10-14
ISSN: 2154-2317
2154-2287
DOI: 10.1109/mpul.2017.2678638
Popis: By the numbers, 2016 was not a good year for the U.S. pharmaceutical industry. As of early December, only 19 new drugs had been approved by the Food and Drug Administration (FDA), fewer than half of those approved in 2015 and the lowest number since 2007. Further, the FDA approved only 61% of submissions in 2016, compared to 95% in 2015 [1]. And, among the largest companies, the return on investment for research and development (R&D) fell to 3.7% [2].
Databáze: OpenAIRE