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AmpsTek - Pharmaceutical
In the pharmaceutical space, the total cost of launching a new product has increased five-fold since the 70s. Apart from expensive product recalls, the industry's R&D expenditure has grown over 25 times in the same period while R&D productivity has fallen.
Increasing regulatory pressures are compressing the window of time available to market a drug and recover investments. However, the global demand for drugs continues to rise.
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