Tuesday, January 29, 2013

Drumroll...

At a time when R&D is more important than ever in Big Pharma, it's hard to believe that at the end of the day, there is one person behind it at each company. I think this could possibly be the most difficult job to have within Pharma. Can you imagine the pressure? Merck spent over $50 billion in six years and of that only 5 products were approved!

If you get a chance, take a look at the metric breakdown of 5 big pharmaceutical companies and the amount invested in R&D. Elliot Sigel of Bristol-Meyer came out on top for smartest spending putting $28 billion into R&D and having 7 new products approved in that six year time frame. Product pipeline can make it or break it, hence why the R&D chief could be the most powerful person while having the most complicated job in the entire company.







Check this out at WSJ.com!
The Best R&D Chief in Pharma World

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