What’s been going on in the biopharmaceutical industry?
In the last 20 years, the average time for a drug to go from patent to market is 12.8 years.
This is according to a report published by STAT and QuintilesIMS that examined data from the biopharmaceutical industry. The report, which looked at a drug’s lifespan from its patent to when the maker no longer receives any revenue from it-and found several trends.
The major takeaways from the report include:
Read the whole report here.