BC Advantage - 2017 Issue 7
USE Code: XW0DX82
Biomedical Pharmaceutical Development; it's a risky business: The majority of drugs that begin phase 1 won't be approved, and years of research have shown failures in phase 3, have cost hundreds of millions of dollars per case. Of course, these failures can stem from problems with the studies, but often, failures in the lab are simply part of the trial-and-error nature of pharmaceutical and biotech research. According to FierceBioTech, 17% - 42% is spent on Research & Development alone. Then, there's contrast research, fellows and military physician education, clinical awareness, administrative and the patient education expenses involved. Developing a...
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