Cost of each new drug: $1.3 billion

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Cost of each new drug: $1.3 billion

http://futurememes.blogspot.com/2008/09/cost-of-each-new-drug-13-billion...
Scanned by: AJ0111 2 months ago

The Tufts Center for the Study of Drug Development¹ estimated that it was costing $1.3 billion in 2006 to bring each new drug to market. Why is it so expensive and why does the cost keep growing precipitously? There have been some technology advances, but they are expensive and have helped to raise the number of discoveries but not the number of approved drugs. Little cost-scaling is available at present for the clinical trial and production process bottlenecks of current drug development.

Type: Forecast | Also: Health & Medicine |

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