4 ms·
Also, most of the cost of developing a new drug is not the R&D, but the clinical trials and the huge bureaucracy to get a drug approved. The pharma industry is
by luriel 14y ago
Also, most of the cost of developing a new drug is not the R&D, but the clinical trials and the huge bureaucracy to get a drug approved.
The pharma industry is also notoriously anti-competitive and suffers from chronic regulatory capture.
- mikeash 14y agoSurely the trials should be counted as part of R&D. A drug isn't done until it's proven to be safe and effective in humans, after all.