[kennedywm]

$1B? Is that an exaggeration? I can't seem to find anything close to that number anywhere. Perhaps you're mistaking the low-end cost of developing a new drug (around a billion, but it can be three times that) with the cost of FDA approval.

[BurningFrog]

It's probably the full cost of getting an approved drug, including a lot more than the approval itself.

So that number was probably 10x off. That doesn't change the conclusion though.

I learned all this from Scott Alexander. All details here: https://slatestarcodex.com/2019/03/11/ketamine-now-by-prescr...