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Introduction: The growing innovation gap in life sciences 

Introduction: The growing innovation gap in life sciences
Chapter:
Introduction: The growing innovation gap in life sciences
Author(s):

Richard Barker

DOI:
10.1093/med/9780198737780.003.0001
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date: 02 June 2020

We live in a world caught up in ever more rapid technological advance. Every week brings new IT products and services. Sectors as diverse as transport, energy, communications, and food are all bringing forward new ways to satisfy human need. However, biomedical innovation remains stubbornly slow and unproductive, as measured by output (benefit to patients) over input (investment). In fact, pharmaceutical innovation follows ‘Eroom’s Law’– an exponential decline in productivity that is the very reverse of Moore’s Law. This is despite very rapid progress in the underlying science. This ‘innovation gap’ puts at risk the very enterprise of life sciences, in which society and investors place so much faith. We need a scientific study of the gaps in translation and radical thinking to bridge them.

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