Hacker News new | ask | show | jobs
by mikeyouse 408 days ago
Phase 3 trials don’t cost $1B - they’re more on the order of $20M.
1 comments
nradov 408 days ago
Sorry I should have been more specific. Average total cost to bring a new drug to market is on the order of $2B.

https://www.fiercebiotech.com/biotech/drug-development-cost-...

link
throwawaymaths 408 days ago
yes, that includes failures, which includes shit that a beginning grad student could tell you wouldn't work.
link