>2- It's government regulation that makes the tests so expensive. Yes. I've heard that 80% of drug development costs go towards the elaborate testing required

>2- It's government regulation that makes the tests so expensive. Yes. I've heard that 80% of drug development costs go towards the elaborate testing required by regulations [0]. Perhaps we as a society agree that it is necessary to do all of that testing. However, it is important to acknowledge that the extra safety comes with a very high price tag. [0] http://www.econtalk.org/archives/2009/05/boldrin_on_inte.html# http://www.econtalk.org/archives/2009/05/boldrin_on_inte.htm... See the transcript at 50:49