Measuring the Return on Modeling and Simulation Tools in Pharmaceutical Development
– an IDC
White Paper
Based on in-depth interviews with research scientists in pharmaceutical development, market research firm IDC concludes that there is a significant return on investment (ROI) to be realized from the use of modeling and simulation software tools. The research was based on conversations with researchers at major pharmaceutical companies and academia and suggests a cumulative ROI of the order of $3–10 for every $1 invested in these tools.
The ROI varies based on type of users (occasional or power). In addition, the white paper identified additional areas of benefits that would also impact the ROI:
- Increased experimental efficiency
- Broader and deeper exploration of solution and new products
- Improved productivity from the identification of workarounds for stalled projects
- Improved time to market for new products, which translates to financial gains
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