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Pharmaceuticals: cost of drug development in the U.S. since 1975
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Pharmaceuticals: cost of drug development in the U.S. since 1975
Cost of developing a drug in the U.S. from the 1970s until today (in million U.S. dollars)*
by Matej Mikulic,
last edited
Aug 7, 2019
This statistic depicts the cost of developing a new drug in the United States from the 1970s to the early 2010s. In the 1970s, the cost of developing a new pharmaceutical drug stood at approximately 179 million U.S. dollars.
Cost of developing a drug in the U.S. from the 1970s until today (in million U.S. dollars)*
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by Matej Mikulic,
last edited
Aug 7, 2019
This statistic depicts the cost of developing a new drug in the United States from the 1970s to the early 2010s. In the 1970s, the cost of developing a new pharmaceutical drug stood at approximately 179 million U.S. dollars.
- Show sources information
- Show publisher information
- Release date
- July 2019
- Region
- United States
- Survey time period
- 1975 to early 2010s
- Supplementary notes
-
PhRMA stands for Pharmaceutical Research and Manufacturers of America.
* Including the cost of failures.
** Previous research by the same author estimated average R&D costs in the early 2000s at $1.2 billion in constant 2000 dollars (see DiMasi JA, Grabowski, HG. The cost of biopharmaceutical R&D: is biotech different? Manage Decis Econ. 2007;28:469-479). That estimate was based on the same underlying survey as the author’s estimates for the 1990s to early 2000s reported here ($800 million in constant 2000 dollars), but updated for changes in the cost of capital.
Source
- Show sources information
- Show publisher information
- Release date
- July 2019
More information
- Region
- United States
- Survey time period
- 1975 to early 2010s
- Supplementary notes
-
PhRMA stands for Pharmaceutical Research and Manufacturers of America.
* Including the cost of failures.
** Previous research by the same author estimated average R&D costs in the early 2000s at $1.2 billion in constant 2000 dollars (see DiMasi JA, Grabowski, HG. The cost of biopharmaceutical R&D: is biotech different? Manage Decis Econ. 2007;28:469-479). That estimate was based on the same underlying survey as the author’s estimates for the 1990s to early 2000s reported here ($800 million in constant 2000 dollars), but updated for changes in the cost of capital.
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