[Ip-health] New Tufts study on R&D costs
malini.aisola at gmail.com
Mon Nov 17 21:48:45 PST 2014
I'll go with $2.3 billion
> On 14-Nov-2014, at 11:05 pm, Jamie Love <james.love at keionline.org> wrote:
> Next week, a new version of the Tufts study on R&D costs will be released.
> KEI will give $50 to the person who comes the closed in predicting the new
> figure for the cost of R&D for the lead indication of a new chemical entity.
> An abstract of the earlier 2003 study,"The price of innovation: new
> estimates of drug development costs" is available here:
> The 2003 study put the number at $802 million (not $800 million, but $802
> million), in 2000 dollars.
> As I said, $50 for the closest estimate, published on IP-Health, before the
> new number is announced (or leaked).
> James Love. Knowledge Ecology International
> KEI DC tel: +1.202.332.2670, US Mobile: +1.202.361.3040, Geneva Mobile:
> +41.76.413.6584, twitter.com/jamie_love
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