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Monday, March 21, 2011

How much it costs to develop a new drug?

What is the cost of developing a new drug ( new chemical entity/new molecular entity) ? 
MNCs quote $1.32 billion and this is based on estimate of $802 million in 2000. 
While not denying Drug discovery is expensive and long drawn, the estimates were always taken with disbelief. 
Now read this from David.

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