Ten
biopharma companies have formed TransCelerate BioPharma Inc, a not-for-profit
organisation using money and personnel from each firm, with a mission to speed
up the development of new medicines.
The firms involved are: Abbott, AstraZeneca, Boehringer Ingelheim,
Bristol-Myers Squibb, Eli Lilly and Co, GlaxoSmithKline, Johnson & Johnson,
Pfizer, Roche’s Genentech and Sanofi.
The cost of R&D and a move away from blockbusters towards personalised
medicines has seen manufacturers seek new models for finding and developing
drugs in recent years.