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Drug-development projects consider both scientific and commercial factors:
Yes. (#1 step- Project initiation.)
What are the 4 Drug development factors
Unmet medical needs/ therapeutic opportunity
Unmet medical needs/ therapeutic opportunity
Technical + scientific Feasibility (Achievable)
Cost + risk of development
Commercial Potential
After drug development, what happens in Project Initiation?
Initial Assessment
What happens in initial assessment?
Market Analysis
Competitive Assessment
Research Analysis
What’s Step 2? What are the main points?
Market Analysis
- Size of the potential patient population
- Disease characteristics
- Existing treatment
- Access and Reimbursement options
What do you check for in (#2) during Existing Treatments?
Drugs
Effectiveness of of it
Safety
Cost
Convenience
What are the 2 Disease Characteristics
Severity + unmet medical need
Short term (Acute) vs Long term (chronic) medical need
Are cancer drugs the most profited and produced?
Yes
Whats Step #3
Competitive Assessment
Competitive assessment does what? What are they developing? What does Timing market entry mean? What happens to later Entrants
Competitive in marketing drugs.
If properly Tim[ed] for market entry
- “First-to-market may provide an advantage”
Later entrants succeed if they offer me meaningful improvements
Is potential differentiation part of competitive Assessment (#3)
Yes
What does Potential differentiaqtion do?
Help with
- Greater Efficacy
- Improved safety
- Low cost—-. Better access
- Convenient Dossing/ Administration
- Better Patient Adherence (Patient is able to stick to medical plans better—> Less frequent consumption/ better timings)