3 ms·
$1B? Is that an exaggeration? I can't seem to find anything close to that number anywhere. Perhaps you're mistaking the low-end cost of developing a new drug (a
by kennedywm 4y ago
$1B? Is that an exaggeration? I can't seem to find anything close to that number anywhere. Perhaps you're mistaking the low-end cost of developing a new drug (around a billion, but it can be three times that) with the cost of FDA approval.
- BurningFrog 4y agoIt's probably the full cost of getting an approved drug, including a lot more than the approval itself. So that number was probably 10x off. That doesn't change the conclusion though. I learned all this from Scott Alexander. All details here: https://slatestarcodex.com/2019/03/11/ketamine-now-by-prescription/ https://slatestarcodex.com/2019/03/11/ketamine-now-by-prescr...