Technology developed through the study and application of living systems, important for medical advances in areas such as prosthetics.

Determinants of R&D Success in Biotech and Pharmaceuticals

Principal Investigator:
Patricia M. Danzon, PhD

Abstract: The purpose of the proposed research is to develop empirical estimates of how characteristics of biotech and pharma firms affect the likelihood and timing of success in developing new drugs. Previous studies of pharmaceutical R&D have reported overall industry-wide average estimates of success rates of drug candidates, based on data from a subset of large pharma firms in the 1980s. Our research will use more recent, time series data (1990-1999) for the universe of biotech and pharma companies.