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Thursday, December 22, 2011

The Burrill Report (December 27, 2011): Pharma's Incredibly Shrinking R&D Budget







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Podcast Episode Summary


Global R&D funding is expected to grow about 5.2 percent in 2012, but U.S. government funding is falling in real terms and the pharmaceutical industry is expected to cut its R&D spending by 5.7 percent. That’s the findings of the Battelle-R&D Magazine annual Global R&D Funding Forecast, which says global growth in R&D funding will be largely driven by Asian economies. We spoke to Martin Grueber, Battelle Research Leader and co-author of the report, about the R&D funding outlook, the changing models of research within the pharmaceutical sector, and whether the industry will be able to find new ways to innovate for less. 


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