Time to get a drug from lab to market
Ephicacy Lifescience Analytics says that it takes an average of 12 years and $350M to get a drug from patent filing to
sales. This includes an average of 3. 5 years of initial tests before the FDA will allow testing on humans. Patents are
granted for 20 years, starting at the time of filing. That means companies typically have just eight years left to realize
the major return on investment. Only one in 1000 of the compounds that start in the lab will ever be tested on humans.
Source: Ephicacy Lifescience Analytics, in BioSpectrum, January 2017
Monthly cost of an open sales position
Leaving an open sales position costs the
average company over $53,000. The cost
of an open marketing position is a $37,900.
For other industry salary statistics, see our
Salary Survey in this issue.
Source: Jacobs Management Group
Compensation and Hiring Survey 2016
Number of new cancer cases anticipated by 2037
While cancer is the focus of much research and many
therapies, with over 70 new drugs launched in the last
five years, it’s not expected to slow down in the near
future. Currently cancer is among the leading killers
worldwide, with over 14 million cases in 2012 (the
latest year for which statistics are available). But the
World Health Organization predicts that this will rise
about 70% over the next two decades.
Source: World Health Organization, 2016