WebMar 3, 2024 · Between 2009 and 2024, the median cost of developing a new drug was $985 million, while the average sum totaled $1.3 billion, according to the researchers, led by Olivier Wouters, assistant professor of health policy at the London School of Economics. By therapeutic area, oncology and immuno-modulatory drugs were the most expensive to … WebMar 13, 2024 · And approximately 1,500 new companies have been formed in the past 20 years to develop new treatment modalities and technologies, of which approximately 150 went public. The US and Europe are still the main centers of R&D activity, although China is advancing rapidly. In terms of investment, new modalities have attracted $250 billion in …
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How long a new drug takes to go through clinical trials
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