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Why are drugs so much more expensive to develop today? 📈 Clinical Trials and Manufacturing Costs: The bulk of pharmaceutical R&D spending goes towards clinical trials and associated manufacturing costs. Costs per patient ranging from $100,000 to as much as $500,000 for trials involving expensive standard-of-care medicines or hard-to-find patients, such as those with rare diseases. Fragmentation of R&D Activity: The trend towards greater fragmentation of R&D activity and investment, with large pharmaceutical companies relying more on acquiring drugs and technologies from smaller biotechs, has led to potential underinvestment in speculative, capital-intensive applied research. Analytical Assays for Gene or Cell Therapies: For complex cell and gene therapies, developers are required to run numerous analytical assays to assess quality and release a batch, even during early clinical trials. Check out Alex Telford's blog! Alex is the founder of Convoke, a software company helping to increase capital efficiency for drug developers from development to commercialization. #assaydevelopment #drugdiscovery #clinicaltrials

The pharma industry from Paul Janssen to today: why drugs got harder to develop and what we can do about it

The pharma industry from Paul Janssen to today: why drugs got harder to develop and what we can do about it

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