TITLE

Pharma R&D spending remains in doldrums

PUB. DATE
July 2008
SOURCE
CMAJ: Canadian Medical Association Journal;7/29/2008, Vol. 179 Issue 3, p227
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article provides information on the report of the Patented Medicines Prices Review Board that the pharmaceutical industry spending on research and development (R&D) in Canada continues to fall. The decline is below the 10 percent sales level promised when drug patent protection was extended in 1987. According to the report, the industry in 2007, spent about $259 million on basic research compared to clinical trials, availability studies, and drug regulation submission. The report also showed that there has been a little change in the overall nature of R&D expenditures.
ACCESSION #
33238376

 

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