3 ms·
60-70% public money How are you judging the percentage there? Are you including the cost of drugs that don't get approved?
by afarrell 11y ago
60-70% public money
How are you judging the percentage there? Are you including the cost of drugs that don't get approved?
- StreamBright 11y agoAccording to somebody who works in this industry it is the standard contribution. Does not matter if the drug does not get approved, the money is for the research, as far as I know.
- refurb 11y agoUhhh... no. If you compare the NIH budget vs. the major pharmaceutical companies, it's a 2 to 1 ration. And not all the NIH budget is spent on drug research. It's mostly basic science.
- StreamBright 11y agoYou can read here about the process in the US more: http://www.ncbi.nlm.nih.gov/books/NBK50972/ http://www.ncbi.nlm.nih.gov/books/NBK50972/ I guess this is different country by country.
- cowsandmilk 11y agoNothing in that link says pharmaceutical research is 60-70% public money.