US Pharma R&D spending hits $100 billion, driving digitization and relocation

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In 2024, the US pharmaceutical industry spent $100 billion on R&D, contributing to a global total of $190 billion. With top pharma firms investing 25% of their revenues into innovation, affordability challenges and shifting reimbursement policies are set to reshape the landscape. These pressures are driving the digitization of R&D to boost productivity and reduce costs, while also prompting the relocation of R&D activities to emerging territories with alternative funding opportunities. Dive into our latest instalment of our Navigating Global Pharma Policy series to explore these critical trends and their impact on the industry: https://okt.to/xcLk8s #AMon #HealthcareTransformation #Researchanddevelopment

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