Significant resurgence from Big Pharma in the top 10 Innovation Index
The eighth annual Pharmaceutical Innovation Index, released by IDEA Pharma, throws up a few surprises.
The Pharmaceutical Innovation Index (PII) measures, scores and celebrates a company's ability to deliver innovation to patients, by objectively evaluating performance based on a rolling five year period (2012-2017), and operates on the simple premise: if you gave the same molecule to two different companies in early phase, which would make the best of it?
The biggest shaker this year is AstraZeneca (LSE: AZN), coming from the middle of the pack in 2017 to take the 2018 PII crown. Gilead Sciences (Nasdaq: GILD) also continued its PII ascent, to second place, advancing from 2017's 3rd. Johnson & Johnson (NYSE: JNJ), having ceded the top spot last year after a four-year run on top, was able to regain some of the lost ground in 2018, landing in a joint 3rd spot with a rapidly-improving Novartis (NOVN: VX). At the other end of the scale, Takeda Pharmaceutical (TYO: 4502) dropped from 5th place to 31st.
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