Recent news
July 2011
Global drug R&D spending fell in 2010
July 6, 2011 -- The global drug industry cut its research spending for the first time ever in 2010 following decades of increases, and the pace of decline is predicted to quicken this year. Overall expenditure on discovering and developing new medicines amounted to an estimated $68 billion last year, down by nearly three percent on the $70 billion spent in both 2008 and 2009, according to new Thomson Reuters data. "For the first time, drug companies are reducing costs in their R&D organisations and I believe we will see that trend continue," said Hans Poulsen, head of life sciences consulting at Thomson Reuters. See the link below for more information.
