Featured Research

from universities, journals, and other organizations

Private Sector Plays A Critical Role In Drug Development, New Report Argues

Date:
June 24, 2008
Source:
Tufts University, Health Sciences
Summary:
A new report examines case histories for thirty-five important pharmaceutical innovations. Skeptics of the private industry assert that the development of new medicines is most attributable to publicly funded sources.

A new report co-authored by Manhattan Institute senior fellow Benjamin Zycher, and Joseph DiMasi, and Christopher-Paul Milne, researchers from the Tufts Center for the Study of Drug Development, examines case histories for thirty-five important pharmaceutical innovations. Skeptics of the private industry assert that the development of new medicines is most attributable to publicly funded sources.

As Marcia Angell, former editor-in-chief of The New England Journal of Medicine, remarked during an interview with PBS News : "Innovation comes mainly from NIH-supported research in academic medical centers. The drug companies do almost no innovation."

In this new study, the authors debunk this assertion and argue that the private sector plays a critical role in drug development.

Key findings include:

  • NIH-sponsored research tends to be concentrated on the basic science of disease biology, biochemistry, and disease processes, the goal of which is to identify biologic targets that might prove vulnerable to drugs yet to be developed.
  • Private sector contributions are weighted heavily toward the applied science of discovering ways to pursue treatments and cures for adverse medical conditions.

The authors conclude that NIH-sponsored and private-sector drug research are complementary to one another and are equally necessary in order to provide patients with better care and treatment.

Benjamin Zycher, Ph.D., is a Senior Fellow at the Manhattan Institute's Center for Medical Progress. He writes extensively on economic and political effects of government regulation and taxation. His research interests include health care policy and the pharmaceutical sector. Benjamin Zycher is available to discuss this report and matters relating to economics and public expenditures.

Joseph A. DiMasi, Ph.D., is Director of Economic Analysis at the Tufts Center for the Study of Drug Development at Tufts University. His research interests include drug development and regulatory review processes, the impact of policies and practices to speed the development and review processes for new drugs, as well as other matters relating to the economics of the pharmaceutical industry.

Christopher--Paul Milne, D.V.M., M.P.H., J.D., is Associate Director at the Tufts Center for the Study of Drug Development at Tufts University. His research interests include the role of outsourcing in drug development, issues relating to the research and development of new treatments, specifically those for serious and life--threatening illnesses, rare disorders and conditions, and neglected diseases of the developing world. He also studies regulatory and policy initiatives related to the Critical Path Initiative.


Story Source:

The above story is based on materials provided by Tufts University, Health Sciences. Note: Materials may be edited for content and length.


Cite This Page:

Tufts University, Health Sciences. "Private Sector Plays A Critical Role In Drug Development, New Report Argues." ScienceDaily. ScienceDaily, 24 June 2008. <www.sciencedaily.com/releases/2008/06/080624122554.htm>.
Tufts University, Health Sciences. (2008, June 24). Private Sector Plays A Critical Role In Drug Development, New Report Argues. ScienceDaily. Retrieved August 20, 2014 from www.sciencedaily.com/releases/2008/06/080624122554.htm
Tufts University, Health Sciences. "Private Sector Plays A Critical Role In Drug Development, New Report Argues." ScienceDaily. www.sciencedaily.com/releases/2008/06/080624122554.htm (accessed August 20, 2014).

Share This




More Health & Medicine News

Wednesday, August 20, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Possible Ebola Patient in Isolation at California Hospital

Possible Ebola Patient in Isolation at California Hospital

Reuters - US Online Video (Aug. 20, 2014) — A patient who may have been exposed to the Ebola virus is in isolation at the Kaiser Permanente South Sacramento Medical Center. Linda So reports. Video provided by Reuters
Powered by NewsLook.com
Raw: World's Oldest Man Lives in Japan

Raw: World's Oldest Man Lives in Japan

AP (Aug. 20, 2014) — A 111-year-old Japanese was certified as the world's oldest man by Guinness World Records on Wednesday. Sakari Momoi, a native of Fukushima in northern Japan, was given a certificate at a hospital in Tokyo. (Aug. 20) Video provided by AP
Powered by NewsLook.com
Do More Wedding Guests Make A Happier Marriage?

Do More Wedding Guests Make A Happier Marriage?

Newsy (Aug. 20, 2014) — A new study found couples who had at least 150 guests at their weddings were more likely to report being happy in their marriages. Video provided by Newsy
Powered by NewsLook.com
Ebola-Hit Sierra Leone's Freetown a City on Edge

Ebola-Hit Sierra Leone's Freetown a City on Edge

AFP (Aug. 19, 2014) — Residents of Sierra Leone's capital voice their fears as the Ebola virus sweeps through west Africa. Duration: 00:56 Video provided by AFP
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
 
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:  

Breaking News:
from the past week

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:  

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile iPhone Android Web
Follow Facebook Twitter Google+
Subscribe RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins