/EINPresswire.com/ -- BOSTON, MA -- (Marketwired) -- 01/07/16 -- While drug developers during the coming year will continue their efforts to meet the growing demand for innovative new medicines, they must also significantly scale up their level of process improvements if they are to reduce the time and cost required to bring new drugs to market, according to the Tufts Center for the Study of Drug Development.

"The core challenge is that developing new drugs has become more complex and more expensive than ever," said Tufts CSDD Director Kenneth I Kaitin, noting that it takes an average of $2.6 billion and 15 years to develop and win approval for a new drug. In addition, a typical Phase III protocol now entails an average of 167 procedures, 60% more than at the start of the millennium.

Improving the clinical trial process, however, holds the greatest promise for enhancing R&D efficiency, he said, including reducing clinical trial complexity, engaging with new partners, and working more closely with regulators.

Longer term prospects for developing new drugs to treat an expanding array of medical conditions will flow from policy changes, such as shifting some of the U.S. National Institutes of Health grant funding from translational research back to basic research, he said.

"Just as the so-called War on Cancer in the United States in the 1970s saw significant levels of federal funding for research on the pathology of various cancers, government can stimulate basic research on neurological and psychiatric diseases, diabetes, and antibiotic resistance, among other disease areas -- for which there is a growing need for new therapies," according to Kaitin.

Kaitin made his comments in connection with the release today of the Tufts CSDD Outlook 2016 report on pharmaceutical and biopharmaceutical trends. The report also noted that:

• Continued scientific achievements that increase understanding of the pathophysiology of oncological diseases will result in approvals of new cancer therapies, which will outpace new drug approvals in other therapeutic areas, as they have over the last 15 years.
  
  
• Sponsors and CROs will make greater use of electronic medical information and drug development management metrics to perform more robust, predictive analytics to drive operating efficiency, improve feasibility, inform portfolio strategy, and support more effective patient recruitment.
  
  
• Major regulatory agencies will emphasize harmonization of global activities to coordinate and facilitate pediatric studies, prompted by recent changes in policy that will increase the demand for pediatric patients to participate in clinical trials.
  
  
• U.S. payers and providers will quantify clinical benefits of new cancer and orphan products to align price with value by measuring safety, effectiveness, convenience of use, and other attributes in relation to cost.
  
  

About the Tufts Center for the Study of Drug Development

The Tufts Center for the Study of Drug Development (http://csdd.tufts.edu) at Tufts University provides strategic information to help drug developers, regulators, and policy makers improve the quality and efficiency of pharmaceutical development, review, and utilization. Tufts CSDD, based in Boston, conducts a wide range of in-depth analyses on pharmaceutical issues and hosts symposia, workshops, and public forums, and publishes Tufts CSDD Impact Reports, a bi-monthly newsletter providing analysis and insight into critical drug development issues.

Contacts:
Tufts Center for the Study of Drug Development
Sandra Peters
617-636-2185
CSDDpublications@tufts.edu

Business Communication Strategies
Peter Lowy
617-734-9980
lowy@bus-com.com

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.