TITLE

Drug development cost estimates hard to swallow

PUB. DATE
February 2009
SOURCE
CMAJ: Canadian Medical Association Journal;2/3/2009, Vol. 180 Issue 3, p279
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses the cost estimates that pharmaceutical companies spent to bring a new drug to market. It is said that U.S. economists wrote the figures 802 000 000, which was according to the 2003 study, the number of U.S. dollars that the pharmaceutical industry spent for drug development. It is cited that medical experts agree that the cost of research and development in drug and the cost of clinical trials is rapidly rising. However, drug companies are sometimes accused of passing big figures to avoid public criticism.
ACCESSION #
36208311

 

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