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Drug development is a brutally competitive industry, with the total capitalized cost of developing a successful new drug exceeding $2.5 billion.
Public opposition to nuclear has historically played a role in prolonging the time and cost of developing a power plant.
Only a small percentage of the $500 million represents the actual cost of developing a particular medicine, Dr. DiMasi said.
The industry estimates that the average cost of developing a successful drug is more than $500 million.
That encourages companies to reposition existing brands rather than take the extra risk and cost of developing a new one.
Meanwhile, a Forbes analysis last year of 100 pharmaceutical companies pegged the cost of developing a drug at $5 billion.
Terrorist organizations could obtain nuclear capability for a fraction of the cost of developing a ballistic weapons system.
IN THE pharmaceuticals business there are few issues more loaded than the cost of developing a new drug.
The cost of developing a new drug to be marketed worldwide is usually put at about $1 billion.
C1 Drug Research Costs Soar A Tufts University study estimated that the average cost of developing a drug had more than doubled since 1987, to $802 million.
The resulting mandatory tests and trials will massively increase the cost of developing a commercial product, which in turn makes funding for research on such products less viable.
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