Ten major pharmaceutical firms, including AstraZeneca (AZN), Eli Lilly (LLY), GSK, J&J (JNJ) and Pfizer (PFE), have formed a non-profit organization called TransCelerate BioPharma to cooperate on research as they look to speed up drug development. TransCelerate will start by making clinical trials more efficient, including standardizing the way data is recorded to make it easier for regulators.
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