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The cost of Pharma R&D failure

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Drug Failure Rates

  • Estimated cost of bringing a drug to market: $1.2 billion
  • Only one in 5,000 drug candidates that enter preclinical testing ever reaches the market
  • For every five drugs that start clinical trials, only one succeeds
  • Of the 4,300 companies engaged in drug innovation, only 6% (261) have registered a new drug since 1950.
  • Worldwide, the pharmaceutical industry spends $50 Billion per year on R&D, but produces only 21 new drugs per year (2008)

Drug Side Effects Successfully Predicted By Computer Model. Medical News Today, 13 June 2012. Available from: http://www.medicalnewstoday.com/releases/246446.php

 

 

Written by hbasset

June 20, 2012 at 6:33 pm

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