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Monday, November 27, 2006

So Much for the $800 Million Pill

From the Washington Drug Letter Online

Nov. 27, 2006
Biotechnology Development Costs Top $1.2 Billion Per Product

The average cost of developing a new therapeutic biotechnology product is more than $1.2 billion, including the costs of drugs that fail in testing and the time associated with bringing these products to market, according to a new study by the Tufts Center for the Study of Drug Development.

1 comment:

Ginsberg said...

Zonkers Cargo Cult Scientist, that's insane!!! You'd think they would work better for that kind of money.