Pharmaceutical Innovation refers to the process of developing new drugs and therapies or improving existing ones in the pharmaceutical industry. It encompasses various aspects, including the discovery of novel compounds, advancements in drug formulation, and enhancements in delivery methods. This innovation aims to address unmet medical needs, increase the efficacy and safety of medications, and improve patient outcomes. It often involves significant research, collaboration among scientists, medical professionals, and regulatory bodies, as well as investment in technology and infrastructure. The ultimate goal of pharmaceutical innovation is to create more effective treatments for diseases, reduce healthcare costs, and enhance the overall quality of healthcare.
BioNTech transitions from COVID-19 vaccine success to focus on mRNA-based cancer therapies. Despite a decrease in profits, BioNTech's revenues outperformed market expectations in late 2024. Strategic focus on BNT327, a…