Where is $8Bn R&D spend going every year?

[anonymous]

According to a new R&D benchmarking study published by drug Discovery Today, AbbVie drugs have the lowest likelihood of approval.. I mean lower than even likes of Astellas that spends almost three times less than AbbVie. What a shame!!! Where is almost $8Bn per year going… besides licensing drugs that won't work and and acquiring companies that would contribute ZERO???????

 

[anonymous]

Unfortunately your post is spot on! Our R&D deals have been fraught with failure! A number of our folks need to be FIRED! Why do we permit incompetence?!?

 

[anonymous]

Because who cares if it doesnt work. Senior Leadership get their bonuses

 

[anonymous]

According to a new R&D benchmarking study published by drug Discovery Today, AbbVie drugs have the lowest likelihood of approval.. I mean lower than even likes of Astellas that spends almost three times less than AbbVie. What a shame!!! Where is almost $8Bn per year going… besides licensing drugs that won't work and and acquiring companies that would contribute ZERO???????

I could tell you where it is going but it wouldn't be polite. Incompetence of internal AbbVie R&D is a marvel. Generating a pipeline via internal efforts or selecting an external asset is never going to work with this bunch. You don't need to believe me, many peer reviewed publications have pointed to AbbVie's flawed approach. The reality is no one who knows what they are doing will tolerate the endless meetings and committees to make a decision. That is why the best are long gone.

 

[Gandalf the Grey]

I could tell you where it is going but it wouldn't be polite. Incompetence of internal AbbVie R&D is a marvel. Generating a pipeline via internal efforts or selecting an external asset is never going to work with this bunch. You don't need to believe me, many peer reviewed publications have pointed to AbbVie's flawed approach. The reality is no one who knows what they are doing will tolerate the endless meetings and committees to make a decision. That is why the best are long gone.

The reality is

Pump

n

Dump

 

[anonymous]

This company was lucky to grab The drugs it did. They should stick to that. The medical teams are terrible.

 

[anonymous]

FYI - Ding Dong and Angry Kangaroo are primarily responsible for the early stage pipeline and the consequent constant clogging of toilets in Abbott Park as they flush R&D dollars down the toilet with their bad decisions. Just saying.