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January 16, 2014

What Is the Real Drug Development Cost for Very Small Biotech Companies?

A small biotech company, virtual or not, has nowhere near $2 billion to bring a drug to market. A simple calculation shows that it can be done for less than $250 million.

What Is the Real Drug Development Cost for Very Small Biotech Companies?

There are a growing number of companies with only one drug candidate in development and none on the market because of the rise of virtual companies. [Natalia Merzlyakova - Fotolia.com]

In a 2010 study conducted by Eli Lilly and Company , the total cost of drug discovery and development for a single drug was calculated to be about $18 billion The study was based on 2008 data from thirteen large pharmaceutical companies The cost has increased substantially from $800 million ...

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