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Innovation: Key to Success in the Pharmaceutical Industry

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Leading Pharmaceutical Innovation
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Abstract

Despite its high R&D intensity, the pharmaceutical industry is facing an increasingly dire situation. On average, only 1 out of 10,000 substances becomes a marketable product. And only 3 out of 10 drugs generate revenues that meet or exceed average R&D costs (see Grabowski, Vernon, DiMasi 2002).

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© 2008 Springer-Verlag Berlin Heidelberg

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(2008). Innovation: Key to Success in the Pharmaceutical Industry. In: Leading Pharmaceutical Innovation. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-77636-9_1

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