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LOGO MED ORIGINAL<br />
TM-STØRRELSE<br />
LOGO MED<br />
LIDT STØRRE TM<br />
CEL Program<br />
DTU BUSINESS<br />
Master in Management of Technology – MMT<br />
An International<br />
Executive MBA Programme<br />
Focusing on innovation,<br />
business development and<br />
personal leadership<br />
DTU Business<br />
DTU Executive School of Business<br />
Bærbare sandwich-skilte<br />
Til 2 bærere ... altså 4 print.<br />
Print på<br />
både maveog<br />
rygsiden<br />
CEL TM Program<br />
The product development process of the<br />
pharmaceutical industry is unique as all new<br />
drug developments undergo a strict approval<br />
process following a series of clinical trials<br />
before a new drug can be approved to the<br />
market.<br />
The clinical trial phases are defined by intensive<br />
human testing of new products, which<br />
have duration of 8 years in average (DiMasi<br />
2001). Only one in five products are eventually<br />
approved for the market and therefore<br />
survive all phases of clinical trials (DiMasi and<br />
Grabowski 2007). Estimations of the cost of<br />
going through all phases of clinical trials are<br />
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trademark symbol<br />
med bogstaverne TM<br />
SUB IDENTITY | PRODUCT IDENTITY | WEB <strong>DESIGN</strong> | PR MATERIALE<br />
i som oprykkede tegn<br />
(superscript)<br />
PROJECT:<br />
The InnoCommunity<br />
Project. The project title<br />
can be upto 3 lines<br />
Explaining the survival rate of new pharmaceutical products in<br />
clinical trials. The header can be 2 lines<br />
between $ 600 – 900 Million, which amount<br />
to approximate 70 % of the overall R&D expenses<br />
of developing a new drug (Grabowski,<br />
2003; DiMasi ét al. 2003, PhRMA).<br />
With such a significant ratio of R%D expenses<br />
spend on the clinical trial phases a better<br />
understanding of this process is needed. A<br />
central focus of this study is the dependence<br />
on external resources in the approval process<br />
as the clinical trials are conducted at hospitals<br />
and medical centers. The hypothesis of this<br />
study is therefore, that the company network<br />
of hospital relations has a high influence on<br />
the approval process and end result here<br />
FUNDI