Friday, November 28, 2014

High development cost to justify failure

USD $2.6B cost for average new drug development? That is the number in a new study to "justify" the exorbitant price tag of brand-name drugs. However, other independent study estimated the development cost less than $0.5B. The stiff price tag for brand-name drug is sometimes intimidating. For example, Baraclude sold in Taiwan is NT$210/pill but at a gouging price of NT$1,050/pill elsewhere.
http://www.economist.com/news/business/21635005-startling-new-cost-estimate-new-medicines-met-scepticism-price-failure

No comments:

Post a Comment