Ten biopharmaceutical companies announced Sept. 19 the formation of TransCelerate BioPharma Inc., a nonprofit intended to accelerate new medication development.
Abbott, AstraZeneca, Boehringer Ingelheim, Bristol-Myers Squibb, Eli Lilly and Company, GlaxoSmithKline, Johnson & Johnson, Pfizer, Genentech and Sanofi will pool finances, personnel and other resources to improve the quality of clinical studies, address challenges related to drug development and to quickly and efficiently release a larger number of new drugs to the public, according to a press release.
“There is widespread alignment among the heads of R&D at major pharmaceutical companies that there is a critical need to substantially increase the number of innovative new medicines, while eliminating inefficiencies that drive up R&D costs,” acting TransCelerate CEO Garry Neil, MD, partner at Apple Tree Partners and former corporate vice president of science and technology at Johnson & Johnson, said in the release. “Our mission at TransCelerate Biopharma is to work together across the global research and development community and share research and solutions that will simplify and accelerate the delivery of exciting new medicines for patients.”
The initial focus for the organization will be the execution of clinical studies, with early projects including the development of a comparator drug supply model and standards for clinical data and site monitoring, as well as mutual recognition of training and site qualification across member companies.
“We applaud the companies in TransCelerate BioPharma for joining forces to address a series of longstanding challenges in new drug development,” said Janet Woodcock, MD, director of FDA’s Center for Drug Evaluation and Research. “This collaborative approach in the pre-competitive arena … has the promise to lead to new paradigms and cost savings in drug development, all of which would strengthen the industry and its ability to develop innovative and much-needed therapies for patients.”