Average cost of drug R&D? Try $2.9B on for size – FierceBiotech
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The Tufts Center for the Study of Drug Development created the industry standard on R&D budgets when it pegged average R&D costs at close to $1 billion for each new drug. Today, Tufts researchers updated their figures and boosted the total to $2.9 billion.
Read more – FierceBiotech