Our series of annual reports on Measuring the return from pharmaceutical innovation has provided insights into the state of biopharma R&D since 2010. We have expanded the analysis over time and our data set now covers the top 20 pharma companies by R&D spend. This year’s analysis demonstrates the step change we anticipated, in our 2021 report Nurturing growth, is yet to be realised.

Our latest report looks at the current state of R&D returns for 20 leading biopharma companies as well as their pipeline composition and sources of innovation. What is clear is that revitalising today's clinical trials for a healthier tomorrow entails thoughtful digitalisation of clinical trial processes to create a seamless experience for patients and staff which could drastically improve trial efficiency, enhance scientific rigor, and expand health equity.