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Comment by mikeyouse

1 year ago

Phase 3 trials don’t cost $1B - they’re more on the order of $20M.

2 comments

mikeyouse

Reply

nradov  1 year ago

Sorry I should have been more specific. Average total cost to bring a new drug to market is on the order of $2B.

https://www.fiercebiotech.com/biotech/drug-development-cost-...

  • throwawaymaths  1 year ago

    yes, that includes failures, which includes shit that a beginning grad student could tell you wouldn't work.

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