October 2019 - Drug development is a costly, long, and uncertain endeavor. The cost of taking a drug from preclinical research through market approval is $2.6 billion according to a recent study by the Tufts Center for the Study of Drug Development.
Drug development is a costly, long, and uncertain endeavor. The cost of taking a drug from preclinical research through market approval is $2.6 billion according to a recent study by the Tufts Center for the Study of Drug Development.1 This huge cost has largely been attributed to rising clinical development costs and high failure rates of drugs tested in Phase 2 studies or later. On average, only 14% of drugs in development make it to market2 and the average time to move a drug from Phase 1 to approval is about 10 years.3 In addition, failure can also happen in the drug manufacturing process or the industrialization of the drug delivery device.
At Portal, we are acutely aware of the costs, risks and uncertainty involved with drug development and delivery. We know that introducing a novel needle-free drug delivery device into the market may appear to increase the technical risks. So, we have taken deliberate steps to identify and “de-risk” the process of partnering with us.
The development of new drugs is inherently risky. Portal Instruments is transforming the drug delivery landscape by responding to a real patient unmet need, backed with robust science. Needle-based self-injections are a real struggle for patients at a time when they are vulnerable and affected by sometimes a life-threatening disease. We can change that and turn the self-injection challenge into an opportunity to assist patients on their road to improve their health. Portal’s vision for a needle-free world is enabled by our maniacal obsession to systematically and rigorously identify, break down, and mitigate risks. This has been the key to make our pharmaceutical partners feel confident about working with us.
July 2021 - Many undergraduate students get the opportunity to complete a summer internship. Some participate in a Co-Op; a 6-month long internship where students are able to fully immerse themselves in a full-time employment position to better understand their place in the workspace.
February 11, 2020 - Gerresheimer recently published an article describing Portal Instrument’s innovative primary drug container which is used in Portal’s needle-free drug delivery platform. Read the full pdf article here.
June 2021 - Needles are a 150-year-old technology. The world around us is rapidly evolving but drug delivery has not made the same technological strides that other medical devices have. Portal Instruments is looking to change that with a highly innovative needle-free drug delivery injector.
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