If you have ever argued, as we have, for the resources and time needed for model-based drug development (MBDD), you have likely encountered that irritating accountant in the room who says, “Sure, this modeling stuff sounds interesting, but how much MONEY will this save us?” My answer: $97M of savings per New Drug Application (NDA). […]Read More
At Certara, we are not afraid to think big. In fact, solving the hardest problems in pharmaceutical R&D is our passion. You might say that some of our ambitions could be described as “moonshots.” After all, they meet the criteria put forth by the Google X moonshot program.
We seek to address the huge problem of getting safe and effective medications to patients while containing or reducing the burgeoning costs and time lines that pharma is currently incurring.
Biosimulation— the use of modeling and simulation for drug development— is a radical solution for an industry that still largely relies on empiricism.
Realizing the benefits of biosimulation will require the use of breakthrough technologies that integrate our understanding of biological systems with the power of computer modeling.
In this blog post, I will discuss the human and economic investments required to develop the field of quantitative systems pharmacology (QSP) to the point that it becomes an integral part of pharma R&D.Read More
They say beauty is in the eye of the beholder. One could also say that the benefits of biosimulation are in the eye of the beholder. How does the beholder, in this case, a drug developer, see the benefits of these approaches?
All reputable businesses use “generally accepted accounting principles” to manage, measure, and communicate financial information on a regular basis both internally and externally. Yet, many of the benefits of leveraging biosimulation technology are “strategic benefits.” These benefits are not readily captured by accounting systems. Thus, the default system for measuring business value gives only a partial view, at best, of the value of this technology-enabled solution. In this blog post, I’ll explain why focusing solely on value as captured by your accounting departments could cause you to miss out on some very valuable strategic benefits.Read More
In thinking about the complex nature of drug development, I’m often reminded of a Dwight Eisenhower quote:
“In preparing for battle, I’ve always found that plans are useless, but planning is essential,”
Drug development is a risky business. According to a 2014 study from the Tufts Center for the Study of Drug Development, “the estimated average pre-tax industry cost per new prescription drug approval (inclusive of failures and capital costs) is $2.5 billion. When so much is at stake—time, money, and the needs of our patients — having a solid drug development strategy is critical. Yet, I frequently see sponsors make the same mistakes over and over again. In this blog post, I’ll discuss these common strategic blunders and provide suggestions of how to address them.Read More