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Pfizer applies Lean principles to drug development. Requirements: Calculate the Research and Development (R&D) Cost per Drug for a project that spent Pfizer $500,000,000 over

  • Pfizer applies Lean principles to drug development.
  • Requirements:
    • Calculate the Research and Development (R&D) Cost per Drug for a project that spent Pfizer $500,000,000 over 10 years and produced 5 successful drug candidates.
    • Recommend strategies to reduce R&D costs.
    • Discuss how reducing R&D costs aligns with Lean principles in pharmaceutical research at Pfizer.
    • Analyze the R&D cost per drug impact on Pfizer's statement of affairs.

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