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Medicinal Bioconvergence Research Center: An Integrated Research Platform for Novel Target and Lead Discovery |
http://biocon.re.kr.
by Thomas X. Neenan and Sunghoon Kim Background In 2010, the Korean Ministry of Education, Science and Technology (MEST) launched the Global Frontier Project, targeted at solving global challenges in major R&D areas. The Medicinal Bioconvergence Research Center (Biocon) was initiated as one of the three projects with the aim to resolve difficulties during the development of novel drug discovery. Recently celebrating its fifth anniversary, this article briefly describes Biocon’s past, present and future. The objective of the pharmaceutical industry is to develop and market new drugs, and a useful metric is to correlate the number of new drugs approved to the investment made and to the length of the approval process. In this regard, trends in the industry are not encouraging. While 2014 was a noteworthy year with 41 new drug approvals in the US, the average number of US drug approvals remains steady at approximately 25 new approvals per year. Indeed the FDA’s Center for Drug Evaluation and Research (CDER) reports that the number of new drug applications (NDAs) from sponsors has remained relatively stable over time. The relevant data suggest that the bottleneck to introducing new medical therapies on the shelf is not within the approval agencies, rather the cause lies within the drug development process itself. In this regard, the Pharmaceutical Research and Manufacturers of America (PhRMA) Annual Membership Survey (2014), indicates that the amount of R&D investment by PhRMA Member Companies has doubled from year 2000 to 2014 and a leap from in investment of $26B to $51B while the number of drug approvals in the same period has remained remarkably stable. Team Structure
While Biocon currently consists of thirty principle investigators in different fields who are affiliated to major domestic universities, institutions and hospitals, it also runs close collaborative work with partners outside of Korea including the US, EU, Japan and China. For more details, please follow the link below. |
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