ACF Equity Research

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We deliver premium independent corporate sponsored equity research characterised by its accuracy, clarity and foresight based upon a fundamental valuation approach.

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Research from ACF Equity Research, ACF Equity Research

Research from ACF Equity Research

Thematic (Sector/Industry)

Multiple Countries / Thematic (Sector/Industry)

<p>Drug discovery and development requires colossal upfront investment. The process typically takes over a decade. A large number of product candidates fail to prove efficacy or safety during preclinical and clinical research phases or fail to pass regulatory scrutiny. According to Deloitte, the average cost of drug discovery and development increased over 80% between 2010 and 2018 from $1.188bn to $2.168bn, CAGR 7.8%, per successfully launched drug. By inflation only, we would expect costs to have risen to ~$1.5bn by 2018 and ~$1.8bn by YE22E, assuming an average inflation rate of 2.5% p.a....</p>

Drug discovery and development requires colossal upfront investment. The process typically takes over a decade. A large number of product candidates fail to prove efficacy or safety during preclinical and clinical research phases or fail to pass regulatory scrutiny. According to Deloitte, the average cost of drug discovery and development increased over 80% between 2010 and 2018 from $1.188bn to $2.168bn, CAGR 7.8%, per successfully launched drug. By inflation only, we would expect costs to have risen to ~$1.5bn by 2018 and ~$1.8bn by YE22E, assuming an average inflation rate of 2.5% p.a....

Artificical Intelligence (AI) In Drug Discovery ACF Equity Research 23092022