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

Posted in Fixing Big Pharma Research, Pharmaceutical Industry | Tagged | 1 Comment

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 , , , | Leave a comment