Positive pharma report finds increased funding, productivity and product launches in 2023
Global biopharma R&D productivity rebounded in 2023, according to a new report.
There were higher composite success rates enabled by industry-wide and regulator adoption of data and tech-driven innovation, including novel trial design, optimized biomarker use, and digital and decentralized trial methodologies, the analysis found.
This rebound occurred while clinical trial starts and funding returned to pre-pandemic levels, according to the report, Global Trends in R&D 2024: Activity, Productivity, and Enablers, released by the IQVIA Institute for Human Data Science.
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