Where are R&D budgets headed? In the first and second halves of last year, drugmakers estimated 2011 R&D budget growth of 1 percent and 8 percent, respectively. But a survey conducted in the first half of 2012 showed that R&D budgets actually expanded by about 4 percent in 2011. The latest survey, which looks ahead,
projected that average R&D budget growth will hit 6 percent in 2012.
The overall growth of 5 percent to 6 percent for 2011 and 2012 exceeds his forecast, which called for flat growth, plus or minus two percent. Why? Those who responded are “gainfully employed, which excludes responses from terminated staff, failed firms, divisions that have been shuttered, etc.” In other words, the survivors are apparently more optimistic about the workloads ahead.
Via
Richard Meyer