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Topic:
The cost of bringing a new drug to market... [Locked] |
Cawlin  Posts: 1,759
Registered: 2005-2-22 07:58:42
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Date Posted:
1/1/00 12:00am
Subject:
The cost of bringing a new drug to market... |
Matthew_Herper posted:
During the Super Bowl, a representative of the pharmaceutical company Eli Lilly posted the on the company’s corporate blog that the average cost of bringing a new drug to market is $1.3 billion, a price that would buy 371 Super Bowl ads, 16 million official NFL footballs, two pro football stadiums, pay of almost all NFL football players, and every seat in every NFL stadium for six weeks in a row. This is, of course, ludicrous.
The average drug developed by a major pharmaceutical company costs at least $4 billion, and it can be as much as $11 billion.
Read more:
http://www.forbes.com/sites/matthewherper/2012/02/10/the-truly-staggering-cost-of-inventing-new-drugs/
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Yukishiro1 Posts: 3,243
Registered: 2002-9-20 23:52:57
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Date Posted:
1/1/00 12:00am
Subject:
The cost of bringing a new drug to market... |
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And most of them do jack mod when they don't actively hurt you.
We've already invented pretty much all the low-cost high-benefit drugs out there to be invented. New drugs are going to continue to cost more and more and provide less and less benefit for the forseeable future, at least until there is some fundamental breakthrough in drug design.
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GrilledCheez Title: The Lord's Balls
Posts: 1,060
Registered: 2006-3-22 11:06:32
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Date Posted:
1/1/00 12:00am
Subject:
The cost of bringing a new drug to market... |
The pharmaceutical industry as it stands right now is ludicrous. When we have our best and brightest and most expensive researching hair growers at an eight to one rate over cancer killers, you know we've failed ourselves and our children.
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Another word for expensive is successful.
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Taliesihne Title: Wind on the Deep Waters
Posts: 1,117
Registered: 2004-2-19 04:47:59
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Date Posted:
1/1/00 12:00am
Subject:
The cost of bringing a new drug to market... |
Sounds like a pretty inefficient business.
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Cawlin Posts: 1,759
Registered: 2005-2-22 07:58:42
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Date Posted:
1/1/00 12:00am
Subject:
The cost of bringing a new drug to market... |
Yukishiro1 posted:
New drugs are going to continue to cost more and more and provide less and less benefit for the forseeable future, at least until there is some fundamental breakthrough in drug design.
It's not about how we design drugs, it's basically about our understanding of physiology.
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If ignorance were painful, half the posters here would be on morphine drips.
Everyone playing WoW knows everything about playing two classes: 1) their own and 2) Hunters
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Cawlin Posts: 1,759
Registered: 2005-2-22 07:58:42
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Date Posted:
1/1/00 12:00am
Subject:
The cost of bringing a new drug to market... |
Taliesihne posted:
Sounds like a pretty inefficient business.
If you can get reasonable revenues out of a drug for about 10 years, and come up with one new one a year, you can do OK in the business... see the article, it talks about this.
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If ignorance were painful, half the posters here would be on morphine drips.
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Cawlin Posts: 1,759
Registered: 2005-2-22 07:58:42
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Date Posted:
1/1/00 12:00am
Subject:
The cost of bringing a new drug to market... |
GrilledCheez posted:
The pharmaceutical industry as it stands right now is ludicrous. When we have our best and brightest and most expensive researching hair growers at an eight to one rate over cancer killers, you know we've failed ourselves and our children.
Source?
Our nation's best and brightest are in finance, figuring out ways to buy governments and funnel the wealth and control of the planet into fewer and fewer hands.
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If ignorance were painful, half the posters here would be on morphine drips.
Everyone playing WoW knows everything about playing two classes: 1) their own and 2) Hunters
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Moe_Nox Title: In Moe We Trust
Posts: 1,962
Registered: 2007-2-4 12:17:56
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Date Posted:
1/1/00 12:00am
Subject:
The cost of bringing a new drug to market... |
$4 billion to get it to market? You're doing it wrong.
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Currency should be bacon cheeseburgers and blow jobs... - Reese
Life at the Outpost: http://www.collegehumor.com/video:1771556 |
Yukishiro1 Posts: 3,243
Registered: 2002-9-20 23:52:57
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Date Posted:
1/1/00 12:00am
Subject:
The cost of bringing a new drug to market... |
Cawlin posted:
Yukishiro1 posted:
New drugs are going to continue to cost more and more and provide less and less benefit for the forseeable future, at least until there is some fundamental breakthrough in drug design.
It's not about how we design drugs, it's basically about our understanding of physiology.
Whatever it is. I'm not a drug scientist. Anyone can tell just by looking at the numbers of new drugs coming out and what they purport to do, though, that the era of high-effectiveness low-cost drugs is well and truly over. All the juicy, low-hanging fruit has already been plucked. Until we find some fundamentally new way to approach fruit harvesting it's going to cost more and more to get crappier and crappier fruit.
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Kjarhall  Title: The Pungent One
Posts: 915
Registered: 2002-3-1 15:47:21
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Date Posted:
1/1/00 12:00am
Subject:
The cost of bringing a new drug to market... |
How much of that money is spent trying to get FDA approval?
Because i've always wondered how some of these drugs, with their menu of side effects get passed at all, and why they don't shelve them before spending so much and work on items that are more positive effective.
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