GlaxoSmithKline Tracks R&D Performance - Pharmaceutical Technology

Latest Issue
PharmTech

Latest Issue
PharmTech Europe

GlaxoSmithKline Tracks R&D Performance


ePT--the Electronic Newsletter of Pharmaceutical Technology

GlaxoSmithKline (GSK) released its fourth quarter and full year 2011 earnings report on Feb. 7, 2012. In the report, the company tracks its R&D performance, and calculated the return on R&D to be 12%, up from 11% in 2010, and closing in on the company’s goal of a 14% return.

In 2008, GSK reorganized its basic research effort to make it more focused and more competitive, mimicking the environment in the biotechnology industry. At that time, GSK created Discovery Performance Units (DPUs) within its Centers of Excellence for Drug Discovery. These units are small, comprising between 5–70 scientists, with each group focusing on one particular disease or pathway. Funding for the groups is competitive, with reviews every three years by a panel containing senior GSK R&D leaders and individuals from outside of the company operating in venture-capital, biotechnology, or pharmaceutical investment. The panel allocates funding according to assessments of potential returns on investment, scientific quality, and opportunity.

This year marks the first of the three-year review cycles for the DPUs. According to the earnings report, four new DPUs have been created and three have been closed. Of the remaining DPUs, six have received increased investment, and five have had investment decreased. Information about exactly which DPUs were affected was not included in the report. More information on the DPUs will be provided in an in-depth meeting for investors and analysts on Mar. 29, 2012.

ADVERTISEMENT

blog comments powered by Disqus
LCGC E-mail Newsletters

Subscribe: Click to learn more about the newsletter
| Weekly
| Monthly
|Monthly
| Weekly

Survey
What role should the US government play in the current Ebola outbreak?
Finance development of drugs to treat/prevent disease.
Oversee medical treatment of patients in the US.
Provide treatment for patients globally.
All of the above.
No government involvement in patient treatment or drug development.
Finance development of drugs to treat/prevent disease.
24%
Oversee medical treatment of patients in the US.
12%
Provide treatment for patients globally.
10%
All of the above.
44%
No government involvement in patient treatment or drug development.
10%
Jim Miller Outsourcing Outlook Jim MillerCMO Industry Thins Out
Cynthia Challener, PhD Ingredients Insider Cynthia ChallenerFluorination Remains Key Challenge in API Synthesis
Marilyn E. Morris Guest EditorialMarilyn E. MorrisBolstering Graduate Education and Research Programs
Jill Wechsler Regulatory Watch Jill Wechsler Biopharma Manufacturers Respond to Ebola Crisis
Sean Milmo European Regulatory WatchSean MilmoHarmonizing Marketing Approval of Generic Drugs in Europe
FDA Reorganization to Promote Drug Quality
FDA Readies Quality Metrics Measures
New FDA Team to Spur Modern Drug Manufacturing
From Generics to Supergenerics
CMOs and the Track-and-Trace Race: Are You Engaged Yet?
Source: ePT--the Electronic Newsletter of Pharmaceutical Technology,
Click here