Is $2.6 billion the real cost of drug development?
from By Mike Wokasch
You might see an article or news headline claiming that it now costs $2.6 billion to discover, develop and get a new drug to market. The pharmaceutical industry will make sure everyone becomes aware of this staggering cost number. After all, the high risk and high cost of research are the foundation for justifying high drug prices. Every time I see these studies published, I wonder about the validity of "the number" in the context of reality. So where did this number come from?
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