It costs about $25 million and takes an average of 3 years to develop one new drug and clear all FDA rules before marketing the product.

Question

Quizplus · Accepted Answer

While the cost and time it takes to develop a new drug can vary greatly depending on several factors, including the type of drug, the complexity of the disease being targeted, and the success rates in clinical trials, an average of 10 to 15 years and a cost of over $2 billion are often cited as more accurate figures for the pharmaceutical industry as a whole.

It Costs About $25 Million and Takes an Average of 3