At present, the cost of Research & Development for a medicine can exceed upto USD 2.6 billion[1]compared to USD 179 million in 1970s[2]

Here are the steps of Research and Development Process

R&D1

R&D2

R&D3

References:

  1. DiMasi, J. A.; Grabowskib, H. G.; Hansenc, R. W. (2016) Innovation in the Pharmaceutical Industry: New Estimates of R&D Costs. Journal of Health Economics. doi: 10.1016/j.jhealeco.2016.01.012
  2. PhRMA (2016) 2016 Biopharmaceutical Research Industry Profile. Washington DC: Pharmaceutical Research and Manufacturers of America, p 47. http://phrma.org/sites/default/files/pdf/biopharmaceutical-industry-profile.pdf/

 

For any Feedback or suggestion mail at: info@pharmastate.com

Weblink – https://pharmastate.com/

Applink- https://goo.gl/mS8Lr7