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Big Pharma also often handles the clinical trials and approvals. I don't know if there is a mechanism for a public lab to get approval for a medicine? Probably
by sudosysgen 3y ago
Big Pharma also often handles the clinical trials and approvals. I don't know if there is a mechanism for a public lab to get approval for a medicine? Probably if we found a way to drive down the cost of clinical trials, we'd be able to structure the system in a way to eliminate the middle-men here, but that's much easier said than done.
- spondylosaurus 3y agoAh, good point... are clinical trials expensive to run?
- sjducb 3y agoA couple of billion per drug.
- PeterisP 3y agoThey are a bit more than half of the total drug R&D costs, so they cost more than all the research, experimental synthesis and pre-clinical experiments combined. If you've discovered a drug which works in vitro and on animals, and want to start clinical trials, you're not even halfway done.