ENABLING A PHARMACEUTICAL R&D PIPELINE
For GSK, and the pharmaceutical industry in general, R&D is fundamental. The success of a major drug company is almost entirely dependent on its ability to discover and develop new medicines. This is why pharmaceutical R&D spending is so high – it is the second largest of all industries. In 2022, GSK spent almost £5.5 billion on R&D.
However, the traditional approach to R&D has a low success rate and is very expensive. This puts significant pressure on the industry and optimising pharmaceutical research and development is key to ensuring success.
One promising approach is to use R&D pipeline computer modelling. This type of modelling simulates the processes involved in pharmaceutical research and development, helping identify bottlenecks and inefficiencies, allowing experimentation, and providing a means to analyse performance. It can also be used to help answer what-if questions.
By using computer simulation modelling, the pharmaceutical companies can identify efficiencies and improve their R&D processes. This can lead to the discovery of new drugs more quickly and efficiently, which can improve the return on investment for drug discovery.
Using agent-based modeling techniques, we developed an advanced simulation environment that can predict the future of chemical assets. This means that GSK can now simulate the development of new compounds, test different R&D strategies, and see how they impact cost and ROI.
Our simulation environment for optimising pharmaceutical research and development is highly adaptable, so you can tailor it to your specific needs. You can also run a range of scenarios to see how different factors might affect the outcome. It is a powerful tool that helps make better decisions about R&D investments.
Here are some of the benefits of our simulation environment:
- Predict the future of chemical assets with greater accuracy
- Test different R&D strategies and see how they impact cost and ROI
- Identify the most promising compounds to focus on
- Reduce the risk of failure and increase your chances of success
If you're looking for a way to improve your R&D process, our decision intelligence solution is perfect. Contact us today to learn more.
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