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Drug prices are too expensive: Here's how technology can fix that

from Forbes

The cost of drug development has skyrocketed, but disruptive technologies can bring it back down to Earth. Over the past several decades, drug-development costs have risen significantly, from $250 million per approved drug prior to the 1990s to $403 million in the 2000s and $873 million in 2010. Costs are distributed across the development cycle, with about one-third in discovery/preclinical development, two-thirds in clinical development and 5 percent in submission-to-launch. more

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