Big Pharma spends $5bil per new medicine developed
Post# of 36728
Posted On: 11/10/2013 9:04:27 PM
Big Pharma spends $5bil per new medicine developed when the cost of all their failures are added in; 95% of the experimental drugs that Big Pharma create fail. The development cost, and the astronomical profit potential for one successful drug, keep Big Pharma shoveling mega bucks into the coffers both parties. This makes sure they see things the Big Pharma way.
Forbes: The Cost Of Creating A New Drug Now $5 Billion
"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
Forbes: The Cost Of Creating A New Drug Now $5 Billion
"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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