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Nov 20, 2008
This is from a Henry Miller editorial:
Bringing a new drug to market now requires on average 12 to 15 years, and costs have skyrocketed to more than $1.2 billion in no small part because the average length of a clinical trial increased 70% between 1999 and 2006. Perhaps the most ominous statistic of all is that drug manufacturers recoup their R&D costs for only one in five approved drugs.
2 Responses to “What Obama Can Do for Sick People”
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Helium
November 20th, 2008 at 1:48 pm
Well, if everyone reads the earlier post by Devon Herrick, you will know part of the reason why Henry Miller’s numbers are so high.
November 20th, 2008 at 1:52 pm
From what I understand, the drug companies (through their employees)gave more money to Obama than they did to McCain.
This gives a whole new meaning to the idea of the capitalists selling the socialists the rope to be used at their own hanging.