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
Which of the following business challenge poses the greatest threat to your company?
Building a sustainable pipeline of products
Attracting a skilled workforce
Obtaining/maintaining adequate financing
Regulatory compliance
Building a sustainable pipeline of products
27%
Attracting a skilled workforce
27%
Obtaining/maintaining adequate financing
14%
Regulatory compliance
32%
View Results
Eric Langer Outsourcing Outlook Eric LangerBiopharma Outsourcing Activities Update
Cynthia Challener, PhD Ingredients Insider Cynthia Challener, PhDAppropriate Process Design Critical for Commercial Manufacture of Highly Potent APIs
Jill Wechsler Regulatory Watch Jill Wechsler FDA and Manufacturers Seek a More Secure Drug Supply Chain
Sean Milmo European Regulatory WatchSean MilmoQuality by Design?Bridging the Gap between Concept and Implementation
Report: Pfizer Makes $101 Billion Offer to AstraZeneca
Medicare Payment Data Raises Questions About Drug Costs
FDA Wants You!
A New Strategy to Tackle Antibiotic Resistance
Drug-Diagnostic Development Stymied by Payer Concerns
Source: ePT--the Electronic Newsletter of Pharmaceutical Technology,
Click here