Wednesday, March 29, 2017

Drug costs, another one of my bugbears.

One of the reasons cited for high drug costs is the cost of developing a new drug. I've seen figures of up to $1.52.6 billion per marketed drug.  (Article here at Forbes.)

The New York Times reports on a new treatment for eczema, which costs $37,000 per year.

However, a paper by the London School of Economics provides ample evidence that this high cost of R&D is as they say, a "myth".  Or rather, creative accounting.  Warning: PDF. I'm not going to try to summarize it but if drug costs are of concern to you, it's worth reading in full. 

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