Industry pipeline growing at faster rate
The pharmaceutical industry’s overall R&D pipeline size has again hit a new high, and the rate of expansion is on the up again.
This is a headline finding from Citeline’s annual Pharma R&D Report, which came out on Friday.
The report finds a total of 22,825 drugs in development in 2024, a rise of 7.2% from last year’s figure of 21,292. The rate of growth represents an increase from the previous year’s 5.9%, which places the 2024 jump in the middle of that increase and the 8.2% rise of 2022. Overall, this year’s rate is around the average of the past five years, which is 7.1%.
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