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He said: "The average time taken to complete a private development has risen from 20 months in 2007-08 to 25 months in 2011-12.
More than 176,000 foundations exist in the US and Europe, and their spending on international development has risen by 60% in just four years.
In the past three years, the country's investment in research and development has risen despite the global economic crisis, and now exceeds the European average, he said.
As a Joseph Rowntree Foundation report pointed out last year, brownfield development has risen to provide, in 2008, 80 per cent of new housing development.
Companies have become more eager to create and exploit intellectual property: WIPO notes that spending on research and development has risen even faster than patent applications.
Based on the observation that over the last 30 years the cost of development has risen regularly as the number of new chemical entities reaching the market has fallen, how can "savings" be made in terms of clinical development, the objective being more rapid access to a drug for medical needs that are not covered?
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Dr. Vasella said that investment in research and development had risen 32percentt last year with the opening of a new research center in Cambridge, Mass.
One consequence of the extraordinary level that prices reached in the Perry Street condominium is that land prices for nearby property suitable for development have risen as well.
But as housing prices and the pressure for development have risen, critics, including planners, civic groups, council members and community leaders, complain that the board has, in hundreds of decisions and with little public oversight, reshaped neighborhoods and altered the fabric of life in communities across the city.
Many of the recent conflicts around the world have exacerbated this trend and the demands on weapon guidance systems and sensor development have risen considerably.
The City's vacancy rate (including new developments) has risen to 16%, up from 2% in 2000.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com