Forbes: The Cost Of Creating A New Drug Now $5 Bil
Post# of 36728
Posted On: 10/21/2013 11:27:38 AM
Forbes: The Cost Of Creating A New Drug Now $5 Billion
(95% of the experimental (synthetic) drugs that Big Pharma create fail.)
"A new analysis conducted at Forbes puts grim numbers on these costs. A company hoping to get a single drug to market can expect to have spent $350 million before the medicine is available for sale. In part because so many drugs fail, large pharmaceutical companies that are working on dozens of drug projects at once spend $5 billion per new medicine."
http://www.marketplace.org/topics/business/he...big-pharma
(95% of the experimental (synthetic) drugs that Big Pharma create fail.)
"A new analysis conducted at Forbes puts grim numbers on these costs. A company hoping to get a single drug to market can expect to have spent $350 million before the medicine is available for sale. In part because so many drugs fail, large pharmaceutical companies that are working on dozens of drug projects at once spend $5 billion per new medicine."
http://www.marketplace.org/topics/business/he...big-pharma
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