{"id":1845,"date":"2022-11-09T19:51:50","date_gmt":"2022-11-09T19:51:50","guid":{"rendered":"https:\/\/leyton.majjane.agency\/ca\/post\/pharmaceutical-industry-in-pursuit-of-rd\/"},"modified":"2022-11-09T19:51:50","modified_gmt":"2022-11-09T19:51:50","slug":"pharmaceutical-industry-in-pursuit-of-rd","status":"publish","type":"article","link":"https:\/\/leyton.com\/ca\/en\/insights\/articles\/pharmaceutical-industry-in-pursuit-of-rd\/","title":{"rendered":"Pharmaceutical industry: in pursuit of R&D"},"content":{"rendered":"
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The pharmaceutical industry in Canada is one of the most innovative and growing sectors, involving the creation and\/or modification of drugs. It is even the 9th largest market in the world<\/strong>. The industry’s players are companies of all sizes, from different sub-industries such as biopharmaceuticals, medical device manufacturing, or animal health.<\/p>\n

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Research and development networks are recognized worldwide; pharmaceutical companies are among the biggest spenders on research and development<\/strong><\/a>, with multinationals being the biggest spenders on production (they invest about 10% of their sales revenues). In Montreal, for example, there are some big names such as Abbott, Bristol, Smith Kline and French, <\/em>and Pharma-Research<\/em>. In 2021, Sanofi <\/em>announced a $925 million investment<\/strong> in its vaccine manufacturing facility in Toronto.<\/p>\n

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Since the end of the 20th century, there has been a significant increase in R&D spending in the pharmaceutical industry in Canada. Research infosource informs us that “the pharmaceutical industry ranks second only to the Software and Computer Services and Energy\/Oil and Gas sectors in terms of R&D intensity”.<\/p>\n

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There are two sources of funding available to companies: government funds<\/strong> and the private sector<\/strong>. There is a significant difference in the types of work that the two sectors support in Canada.<\/p>\n

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Since Covid, the pharmaceutical industry has experienced a leap in scientific advances. R&D costs have increased due to complex clinical studies and longer clinical trials resulting in shorter patented products on the market.  However, the dominance of multinationals<\/strong> in Canada in R&D investment has made the country an importer of intellectual property<\/strong>.<\/p>\n

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Biolyse Pharma Corporation <\/em>and PnuVax <\/em>are collaborating on the mass production of a vaccine to combat monkeypox.<\/p>\n

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The pharmaceutical industry covers many areas of research, for example on probiotics, or improving the health of the elderly with regard to diseases like Alzheimer’s, cancer, etc. But pharmacology extends to a much broader level. Here are some examples:<\/p>\n

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