by Ivan Oransky and Anne Harding
SUPPLEMENT	Your Next Job in Pharma The Scientist 2005, 19(Supplement 2):S2 Published   20 June 2005

These are interesting times for life scientists working in the pharmaceutical industry. By many measures, business is booming. The total drug pipeline has swelled by 15% a year over the past three years, compared to the usual annual rate of 10% to 12%. In 2004, pharma spent a record $38.8 billion on R&D, a 12% increase from 2003. And the industry is gradually shrinking the average time for clinical drug development, from 7.2 years in 1993–1995 to 5.9 years in 1996–1998.

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