4 ms·
>> The true cost of bringing a drug to market is 2.8B While it does makes sense that pharma r&d is expensive ,It's really hard to believe those numbers, specia
by petra 10y ago
>> The true cost of bringing a drug to market is 2.8B
While it does makes sense that pharma r&d is expensive ,It's really hard to believe those numbers, specially that they always seem to change: first it was ~$700M/drug, than ~1.5B and now 2.8B ?
- mgoetzke 10y agoEspecially since most expenses are incurred in the marketing department.
- iplaw 10y agoIt varies greatly, and the figures generated by third party studies are almost always lower than the self-reported figures. This article [1] from 2012 reports per-drug pharmaceutical R&D spend ranging from $3.7B to $11.8B. It's not the most transparent cost analysis. [1]: https://www.forbes.com/sites/matthewherper/2012/02/10/the-truly-staggering-cost-of-inventing-new-drugs/#73acf67e4a94 https://www.forbes.com/sites/matthewherper/2012/02/10/the-tr...
- bzbarsky 10y agoDepending on what timeframe you're talking about for that change, the costs have in fact gone up, both because low-hanging fruit has been picked and because the regulatory regime has been changing over time to required more and more work to bring a drug to market.