That figure doesn’t pass the smell test. I think you’re confusing the cost of a phase III trial with the total end-to-end cost of developing new drugs. Injecti

That figure doesn’t pass the smell test. I think you’re confusing the cost of a phase III trial with the total end-to-end cost of developing new drugs. Injecting 30,000 people twice with a vaccine & tracking their post injection experience does not cost $1billion. (Googles) The FDA thinks a phase III trial costs about $20million. So there you go.