So what is the price for discovering new drugs?
$43 million? Probably too low.
$800 million? Sounds plausible.
Between $4 and 11 billion? Per drug.
Read the whole thing from Megan McArdle.
Then think about why drugs cost what they do. Don't forget that all those folks living in countries with nationalized health care systems don't pay anything to cover research costs. Just production. Imagine how much less we would be paying if they were paying their fair share.
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