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.
May 9, 2022 - Gerresheimer AG, a leading provider of drug delivery systems, is expanding its portfolio of highly innovative platform technologies for drug delivery, today announcing an investment into US-based Portal Instruments.
December 2019 - Jay Sparks, host of Finding Unique Value podcast, chats with Dr. Anquetil about how he has leveraged his unique science and business background to create value and solve an unmet need with potential to help millions of people.
September 2021 - Patrick Anquetil sat down with ASAP Biopharma ahead of his keynote "Alliance Managers Are Bringing Digital Health Innovation" which is slated for 10:20 a.m. EDT on September 28th. The keynote will be followed by a Q&A session.
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