Biopharmaceutical Innovation ‘Robust’: QuintilesIMS Report

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A QuintilesIMS Institute report on “Lifetime Trends in Biopharmaceutical Innovation” says that from a numerical perspective and anticipating the progress of drug candidates currently in the research and development pipeline, the state of biopharmaceutical innovation is robust. The report says that a total of 667 innovative biopharmaceuticals launched in the U.S. over the past 20 years, “bringing new treatment options to both small and large groups of patients suffering from specific diseases.

The source of the biopharmaceutical innovation that is successfully launched in the U.S. is highly diverse, the report says, with over 300 entities filing original patents to protect the intellectual property that became the basis for the 667 medicines that were launched. “Nearly three-quarters of the molecules were launched by a company different from the one that filed the original patent, reflecting the level of activity in licensing, partnering, and acquiring associated with biopharmaceutical innovation.

The average time from original patent filing until U.S. launch for all molecules is 12.8 years, the institute says, with upper and lower quintiles of 16.3 and 8.2 years respectively. “Since 2008, the average elapsed time from patent filing to launch has declined with the most recent five-year cohort having declined by more than four years, or by 25%,” it says. “This brings the time from patent filing to launch for the most recently launched cohorts into line with the timing observed in the 1996-2002 period.”

According to the report, sales trends for medicines launched over the past 20 years are characterized by a relatively small number of outlier products with significantly higher sales than the majority of products. In each year, it says, the five drugs with the highest cumulative sales in their first five years on the market average 14 times higher than the rest of drugs launched that year.

 

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