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Drug Repositioning Gains in Popularity
Strategy Is in Vogue from Large Pharma Companies to Biotechs and Foundations
- Pharmaceutical companies on average spent $1.1 billion to develop and launch a new drug during the late 1990s, according to a 2009 report by Bain Capital. By 2009 the required investment had more than doubled to $2.2 billion, and the return on invested capital for new-drug development had dropped ...
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