Propaganda Or Cost Of Innovation? The High Price Of New Drugs

Health and Medicine





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High costs are used to justify high drug prices. Bullstar/Shutterstock

Ever wonder how much it costs to develop a new drug? The independent, non-profit research group, The Tufts Center for the Study of Drug Development, estimates US$2.6 billion, almost double the centre’s previous estimate a decade ago. But how accurate is this figure?