Epilogue: New Drugs for Neglected Diseases

Cambridge Quarterly of Healthcare Ethics 20 (2):329-334 (2011)
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Abstract

In a widely cited 2003 article, DiMasi, Hansen, and Grabowski estimated the cost of pharmaceutical research and development to be $1.1 billion per new medicine coming onto the market in 2001. They also estimate that this cost is going up at a real rate of 7.4% annually. According to these estimates, the innovation cost per new medicine today is about $2.1 billion or $2.65 billion

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Thomas W. Pogge
Yale University

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