3 ms·
Is the cost of hookworm testing something that's in the range of crowdfunding?
by wccrawford 14y ago
Is the cost of hookworm testing something that's in the range of crowdfunding?
- ericb 14y agoThis is a fascinating idea. I feel like the innovation that will have the most effect on the next 50 years is the kickstarter approach.
- btilly 14y agoAccording to http://www.fastcompany.com/magazine/141/the-price-of-approval.html http://www.fastcompany.com/magazine/141/the-price-of-approva... the average cost of phase I-III trials is in the neighborhood of $150 million. So no, not really in the range of crowdfunding. And if you did get it approved, and managed to sell the treatment to everyone in the USA who has Crohn's disease, you'd need to make a profit of several hundred dollars/person just to pay for the cost of FDA approval. Realistically you'd want to charge more to recover up front risks, the cost of marketing, and uncertainty about what fraction of the target population you'd successfully sell to.