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Costs attributed to clinical complexity, larger trials, and efforts to accommodate payer demands
March 10, 2016
By: Kristin Brooks
Managing Editor, Contract Pharma
The average cost to develop and gain marketing approval for a new drug is now estimated to be $2.6 billion, according to recent analysis by the Tufts Center for the Study of Drug Development of the Journal of Health Economics. The analysis was based, in part, on information from 10 pharma companies on 106 randomly selected drugs that were first tested in human subjects from 1995 to 2007. The article, included in the May issue of the Journal of Health Economics, contains more detailed analyse...
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