Drug Discovery And Pharmaceutical Research Mira Costa English Research Paper

1217 words - 5 pages

Drug Discovery
Recent concerns about the massive EpiPen price increases and rising health care as a results of the Affordable Care Act (also known as Obamacare), have sparked considerable interest in how new drugs are discovered. For patients, new drugs offer fewer side effects, fewer hospitalization, and most importantly improved quality of life. The discovery and validation process of new drugs are largely dominated by the US and Germany. There is no doubt that the invention of research and development (R&D) by Thomas Alva Edison a prolific inventor in American History, led to the successful implementation of R&D models by many large US and German biopharmaceutical companies. Today hundreds of biopharmaceuticals have already been approved in both countries and much more are in late stages of clinical development. There is now a strong need between the two countries to alter the R&D models to sustain future innovation, growth, and performance. While both Germany and the United States are the primary technological leaders in drug discovery success, the similarities of tackling the most urgent and vexing medical challenges are clear, that both countries need an ideal business climate, that takes into account advantages and/or disadvantages to survive the risks of drug development to continue the achievement of innovation offered between the two countries.
Drug discovery landscape in Germany is particularly successful. Start-up companies have quickly recognized that they’re essential in the development of new drugs and have established a solid network represented by German Bioregions. The German government was quick to implement cost reduction measures much earlier than the United States, which allowed it to quickly rise to become the technological leader in the pharmaceutical industry and establishing what is now known as “the pharmacy of the world.” Germany is the third-largest pharmaceutical market in the world and the largest market in Europe. The German Federal Statistics Office reported that 69% of the biopharmaceutical products made in Germany were sold within the EU, whereas the United States export sector was only 25%. The success of Germany has been attributed to the strong reputation for its excellent research performed by the top three German companies Boehringer Ingelheim, Bayer Schering, and Merck Serono. Executive Vice President and Board Member of Merck Serono said once “In order to turn excellent basic research in Germany into a measurable economic benefit, we need a social paradigm shift. This involves Germany and elsewhere… in order to create innovative drugs to improve treatment options for patients.” The regulatory market for granting permission for drugs products in Germany falls under the responsibility of two agencies, Paul-Ehrlich-Institut (PEI) and the Federal Institute for Drugs and Medical Devices (BfArM), unlike the United States, all drugs are approved an overseen by the U.S. Food & Drug Administration. In sum, Germany...

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