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Biotech / Medical : Biotech Valuation
CRSP 56.77+1.0%3:43 PM EST
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To: Biomaven who wrote (10394)2/11/2004 10:53:16 PM
From: Spekulatius  Read Replies (1) of 52153
 
The cost of clearing a single drug past today's legal, regulatory and marketplace hurdles has risen to $1.7 billion
Interesting article indeed. It illustrates quite colorful how the drug development has changed during the last 40 years. 1.7B$ for a single drug is a mindboggling number. I remember I read in some annual report in 1982 that a drug costs about 100M$ to develop - the cost has gone up 17 fold in 20 years. I understand that regulations are tougher but I cannot help but think of this as a failure of epic dimensions to make medicines available to people. In the end the inflated cost to develop drugs has to be paid by each one of us. I am not even sure whom to blame here - government regulations, the legal situations, drug companies, the FDA or all of the above?
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