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MICHAEL SØNDERGAARD GRAFISK DESIGN

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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 />

Neo Sans Bold<br />

Neo Sans Bold<br />

Helvetica Black<br />

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

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