4 ms·
> “If you want to know why your prescriptions cost so much, it’s me.” I’ve done nothing but spend money the entire time." Sounds nice, the best evidence we hav
by hannob 8y ago
> “If you want to know why your prescriptions cost so much, it’s me.” I’ve done nothing but spend money the entire time."
Sounds nice, the best evidence we have disagrees:
https://news.ohsu.edu/2017/09/11/how-much-does-it-cost-to-bring-a-cancer-drug-to-market https://news.ohsu.edu/2017/09/11/how-much-does-it-cost-to-br...
- aaavl2821 8y agoThat's a widely criticized study because it ignores the cost of failure. It only looks at the r&d investments of companies that received FDA approval for a drug. It's like doing a study of the odds of winning the lottery, and only analyzing people who won the lottery Considering the fact that 90% of phase 1 drugs never get approved and that study seems quite biased. That study conveniently assumes that all those medicinal chemists, who've worked decades and never seen a drug approved, simply don't exist
- User23 8y agoInterestingly this contributes to why drug companies spend so much money on advertising: it has a predictable measurable return, whereas R&D is virtually a lottery.