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Factors influencing the profitability of pharmaceutical research
Author(s) -
Charalambous Charis,
Gittins John
Publication year - 2008
Publication title -
randd management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.253
H-Index - 102
eISSN - 1467-9310
pISSN - 0033-6807
DOI - 10.1111/j.1467-9310.2008.00507.x
Subject(s) - profitability index , value (mathematics) , business , pharmaceutical industry , drug candidate , process (computing) , computer science , pharmacology , medicine , drug , finance , machine learning , operating system
The output from a pharmaceutical research project is a stream of candidate drugs which may be submitted to clinical trials. The value of this output depends on the characteristics of the stochastic process generating this stream, and on the extent to which the candidate drugs are chemically similar to each other. This paper explores the impact of these factors on profitability, and on the policy which should be followed for selecting candidate drugs.