In 2019, the top 10 pharmaceutical R&D spenders collectively plowed a whopping $82 billion into their search for new drugs, diagnostics and vaccines, around $4 billion more than the previous year. But is 2019 a high-water mark for R&D spending? EvaluatePharma says it just might be, at least when it's measured as a proportion of pharmaceutical revenue. Productivity gains and streamlining could shave away at that percentage, Evaluate figures, but it could also be a victim of pharma's success. Companies might decide to use less of their revenue to replenish pipelines after a fertile period of new product launches. 2019 was also another big year for FDA approvals. The regulator cleared 45 new drugs, down from a record 59 in 2018 but still the third-biggest annual haul of new molecular entities (NMEs) in the last quarter-century. While our listing focuses… Click Here For Complete Article Text
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