The Cost of Developing a New Drug Has Greatly Increased. Cost to Develop One New Drug 1. Billions (Constant Dollars, Year 2000).
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Cost to Develop One New Drug1
Billions (Constant Dollars, Year 2000)
Sources: 1J. DiMasi and H. Grabowski, "The Cost of Biopharmaceutical R&D: Is Biotech Different?," Managerial and Decision Economics, 2007; J. DiMasi et al., “The Price of Innovation: New Estimates of Drug Development Costs,” Journal of Health Economics, 2003.