2015
DOI: 10.1056/nejmc1504317
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The Cost of Drug Development

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Cited by 110 publications
(62 citation statements)
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“…Developing a new drug is however slow and expensive. The average cost to bring a new drug to market is > 2.5 billion US dollars (DiMasi et al 2015), which means that tropical diseases such as malaria, schistosomiasis, Chagas' disease, etc., which kill millions of people and infect hundreds of millions of others are 'neglected' (Ioset and Chang 2011;Leslie and Inouye 2011) and that 'orphan' diseases (i.e. those with few sufferers) remain untreatable (Braun et al 2010).…”
Section: Quantitative Structure Activity Relationship (Qsar) Learningmentioning
confidence: 99%
“…Developing a new drug is however slow and expensive. The average cost to bring a new drug to market is > 2.5 billion US dollars (DiMasi et al 2015), which means that tropical diseases such as malaria, schistosomiasis, Chagas' disease, etc., which kill millions of people and infect hundreds of millions of others are 'neglected' (Ioset and Chang 2011;Leslie and Inouye 2011) and that 'orphan' diseases (i.e. those with few sufferers) remain untreatable (Braun et al 2010).…”
Section: Quantitative Structure Activity Relationship (Qsar) Learningmentioning
confidence: 99%
“…1 In conjunction with an overall ≈90% failure rate of drugs, 2 which impacts directly the rising cost of drug development, this is creating a perfect storm that is threatening to make the development of new drug therapies for CHD prohibitive (estimated currently at $2.6 billion/drug). 3 One potential solution is to use therapeutic targets that have support from genetic studies, such as Mendelian randomization (MR; Figure 1), which is estimated to double the probability that a drug target will succeed in phase III clinical trials.…”
mentioning
confidence: 99%
“…7 The Tufts Center for the Study of Drug Development estimates that the cost of bringing a new drug to market is $2.6 billion, 8 although the methodology that generated this figure has been questioned. 9,10 Others estimate that it falls between $800 million and $1 billion. 8,11 Manufacturers also point out that the high failure rate during clinical trials for efficacy and safety, estimated at ≈85%, requires them to amortize the costs related to the failed therapies across the prices of new, successful products.…”
Section: Brand/biologic Marketmentioning
confidence: 99%