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Tag Archives: Drug discovery
Average Drug Development Cost Now $2.6 Billion
Based on the latest study conducted by the Tufts University Center for the Study of Drug Development, the total cost of developing a drug is, on average, $2.6 billion. That figure includes $1.4 billion in direct out of pocket costs for each … Continue reading
Fixing Big Pharma Research: The costs of delays need to be properly valued
For the Pharmaceutical industry, the foregone revenue created by delays in bringing a drug to market can be surprisingly high — from $50,000 to $2,000,000 per day, depending on the phase of the pipeline. Such costs are often under appreciated. … Continue reading
Posted in Management, Research
Tagged Clinical trial, Drug discovery, Pharma, Pharmaceutical industry
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