$gern compeleted recruitment. What say u?
New estimate says developing a drug costs $1.3 billion, which is a lot, but less than companies often say https://www.statnews.com/pharmalot/2020/03/03/drug-development-billions-cost/ … via @statnews
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Well yes, but there’s an easy way to call the bluff. Develop a drug for $43 million. Riches await and there will be no problem raising capital.
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Honestly, that strikes me as a far more reasonable estimate. Now do the modeling to assess price/margin while such an agent would be protected by patent. Interesting exercise.
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The important calculus is risk/reward and ultimately greed/fear. Every category is different in both respects. And while we are getting smarter, that leads to more questions that need answering.
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Less expensive M&A. More drugs fail during trials
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