Pharmaceutical industry academia collaboration
We want pure science with capital. Research done by students, professors in colleges, universities and hospitals is an academic research on the other hand pharmaceutical industries deals with the discovery, development, production and finally sale of drug. For the development of new active pharmaceutical ingredient, the collaboration of academic research work and pharmaceutical industries is needed. The new drug discovery and development is very long process and is also based on our basic understanding of biological mechanism and identification of therapeutic targets. The flux of pharmaceutical industries has changed a lot over last 30 years. There has been hike in investments and fall in coming revenue for research and development section. The production of Merck, Eli Lilly, and Roche has remained constant over the last 60 years with one drug per year by each company. A marketed product cannot assure market benefit for further hundreds of years. Hence innovation is extremely important for such industries and this innovation comes from an academic research. Academic invention should be broadcasted to the industries so that its applications may get applied in healthcare systems.
The pharmaceutical business finds, creates, delivers, and markets pharmaceutical drug products and accessories for the use of medications, treatment and mitigation of diseases. Pharmaceutical organizations may bargain for nonspecific or brand prescriptions and therapeutic gadgets. They are liable to an assortment of laws and directions that oversee the protecting, testing, well being, viability and promoting of medications.