This blog relates to the business and environment of chemistry R&D as it impacts on new drug development within the Pharmaceutical or Biotech industry from the perspective of a supplier company. I will post items that interest me and may interest the chemical development community. I will pass on my thoughts, for what they are worth, give opinions and offer relevant topics for discussion.
Wednesday, 3 August 2011
Cancer drugs' slow approval rate
According to the Friends of Cancer Research, approval of a new anti-cancer drug takes about 182 days in the US but 350 days in Europe. In Europe this results in cash flow problems of an additional year on top of the development time and must be difficult for pharma companies to bear. One tried and tested method to optimise the drug development schedule is to outsource the chemistry to a chemistry provider. Companies such as ours can ensure production of the drug is not on the critical path and ensure that if you do have to wait for the EMA you get to that point as early as possible.
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