Saving on R&D costs
In 2019, the pharmaceutical industry spent $83 billion dollars on R&D. Adjusted for inflation, that amount is about 10 times what the industry spent per year in the 1980s. Key costs in this huge increase in pharmaceutical R&D spending are the pharmaceutical researchers involved in drug development, identifying new indications, and enhancing existing products.
R&D departments are continuously under pressure to cut costs and speed up development. That’s why research scientists and product developers need a powerful online search platform that supports their need for high-quality and timely biomedical research.
Ovid offers access to pharmaceutical and biomedical research from a wide range of sources including Embase®, Ovid MEDLINE® Advantage, and BIOSIS® Previews through just one industry-leading search platform that suits any research needs — searching databases separately, together, or alongside other journals or books — allowing users to research more efficiently than ever before.
Comprehensive, up-to-date scientific content
Increased spending in pharmaceutical R&D is resulting in more drugs than ever before. Between 2010 and 2019, the number of new drugs approved for sale increased by 60 percent compared with the previous decade, with a peak of 59 new drugs approved in 2018. Not only do pharmaceutical researchers have to confront an ever-increasing amount of data, but they also have to ensure that all the information is up to date.
Ovid offers everyone — from researchers, scientists, and epidemiologists to business development departments — comprehensive, updated research materials. These include new drug discoveries, biomedical research, pharmacovigilance, pharmacogenetics, clinical studies, abstracts and designs, new drug delivery systems, full-text drug information, HTAs, journals, and conference abstracts.
Advanced indexing and advanced search tools
The vast increase in pharmaceutical data means researchers have to contend with a growing problem: how to effectively and cost-efficiently manage data volume, velocity, and variety...from poorly connected sources of information using the same old tools.
Ovid helps solve the problem of cumbersome search processes. The platform offers simple, NLP-based searching for fast, relevancy-ranked results as well as sophisticated search techniques for greater precision. Controlled vocabularies MeSH® and Emtree® keep users from struggling to find the correct search term. Automatic deduping minimizes overlap, speeds retrieval, and maximizes accuracy of relevant results.
Streamlined pharmaceutical research is the future
The ultimate aim of pharmaceuticals is to better patient outcomes and enhance quality of life for everyone. Ovid users have access to a dedicated work area, alerting tools, RSS feeds, saved searches, and other results management tools — meaning they can tailor the service to their exact needs. This flexibility and ease of use allows researchers to manage content relevant to their area of expertise, and to be regularly updated on the everchanging world of pharmaceutical science.
By bringing together a wide range of scientific information under one roof, the Ovid search platform enables faster and more efficient research for pharmaceutical and biotech companies around the world.
Learn more about available resources on the Ovid® platform.