Epilogue: New Drugs for Neglected Diseases

In a widely cited 2003 article, DiMasi, Hansen, and Grabowski estimated the cost of pharmaceutical research and development to be $1.1 billion (year 2000 U.S. dollars) per new medicine coming onto the market in 2001. They also estimate that this cost is going up at a real (inflation-adjusted) rate o...

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Bibliographic Details
Authors: Pogge, Thomas (Author) ; Hollis, Aidan (Author)
Format: Electronic Article
Language:English
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Published: Cambridge Univ. Press 2011
In: Cambridge quarterly of healthcare ethics
Year: 2011, Volume: 20, Issue: 2, Pages: 329-334
Online Access: Volltext (lizenzpflichtig)
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Summary:In a widely cited 2003 article, DiMasi, Hansen, and Grabowski estimated the cost of pharmaceutical research and development to be $1.1 billion (year 2000 U.S. dollars) per new medicine coming onto the market in 2001. They also estimate that this cost is going up at a real (inflation-adjusted) rate of 7.4% annually. According to these estimates, the innovation cost per new medicine today is about $2.1 billion (year 2000 U.S. dollars) or $2.65 billion (year 2010 U.S. dollars).
ISSN:1469-2147
Contains:Enthalten in: Cambridge quarterly of healthcare ethics
Persistent identifiers:DOI: 10.1017/S0963180110000988