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.
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Pharmaceuticals: cost of drug development in the U.S. since 1975
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Cost of developing a drug in the U.S. from the 1970s until today (in million U.S. dollars)*
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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.
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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.
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- Release date
- July 2018
- Region
- United States
- Survey time period
- 1975 to 2016
- 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.
More information
- Region
- United States
- Survey time period
- 1975 to 2016
- 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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Statistics on "U.S. pharmaceutical industry"
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- Johnson & Johnson's total revenue from 2005 to 2017 (in million U.S. dollars)Johnson & Johnson's total revenue 2005-2017
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- Total revenue of Merck & Co. from 2006 to 2017 (in million U.S. dollars)Merck & Co - total revenue 2006-2017
- Advertising expenditure of selected pharmaceutical companies in the United States in 2015 (in thousand U.S. dollars)Ad spending of pharmaceutical companies in the U.S. 2015
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Statistics on the topic
Free statistics
- U.S. pharmaceutical preparation manufacturing gross output from 1998 to 2016 (in million U.S. dollars)*
- Research and development expenditure of total U.S. pharmaceutical industry from 1995 to 2017 (in billion U.S. dollars)*
- Number of new molecular entities launched in the U.S. from 2003 to 2015
- Number of FDA approved orphan designations in the United States from 2000 to 2014
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- How is your overall impression of the U.S. pharma industry?
- Percentage of Americans who would rate U.S. pharma companies excellent or good in selected features as of 2017
- Which of these pharma companies do you prefer when buying drugs?
- Opinions on the quality of drugs made by U.S. pharma companies as of 2017, by ethnicity
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- Top 10 prescription drugs based on U.S. market share in 2016 (in billion U.S. dollars)*
- Distribution of Canada's patented drug sales generated in 2017, by year of product introduction
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- Patented drugs quantity changes in Canada between 2015 and 2016, by therapeutic class*
- Patented drugs sales changes in Canada during 2017 (in million Canadian dollars)
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Premium Statistics
- Distribution of the total global pharmaceutical market sales from 2014 to 2017, by submarket*
- Global pharmaceutical sales from 2015 to 2017, by region (in billion U.S. dollars)*
- Market share of top 10 national pharmaceutical markets worldwide in 2016*
- Growth of top 10 national pharmaceutical markets worldwide from 2011 to 2016*
- Top 50 global pharmaceutical companies by prescription sales and R&D spending in 2017 (in billion U.S. dollars)
- Leading countries in global life sciences mergers and acquisitions in 1st half of 2018
- Total nominal spending on medicines in the U.S. from 2002 to 2016 (in billion U.S. dollars)*
- Top 20 U.S. therapy areas based on drug spending in 2016 (in billion U.S. dollars)
- Top 20 prescription drugs based on U.S. sales in 2016 (in billion U.S. dollars)*
- Top 20 U.S. pharma products by dispensed prescriptions in 2016 (in millions)
- Channel distribution of U.S. pharmaceutical spending from 2014 to 2016 (in billion U.S. dollars)
- U.S. biopharmaceutical goods export volume from 2002 to 2017 (in billion U.S. dollars)
- 2018 ranking of the top 10 U.S. biotech and pharmaceutical companies based on revenue (in billion U.S. dollars)*
- Top 20 pharmaceutical corporations by U.S. revenue in 2016 (in billion U.S. dollars)*
- Johnson & Johnson's total revenue from 2005 to 2017 (in million U.S. dollars)
- Pfizer's total revenue from 2006 to 2017 (in million U.S. dollars)
- Total revenue of Merck & Co. from 2006 to 2017 (in million U.S. dollars)
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- Cost of developing a drug in the U.S. from the 1970s until today (in million U.S. dollars)*
- Top 20 companies based on unbranded generics U.S. market share during 2014-2015*
- Proportion of branded versus generic prescription drug revenues in the United States from 2005 to 2016
- Proportion of branded versus generic drug prescriptions dispensed in the United States from 2005 to 2016
- Savings through generic drug usage in the United States from 2008 to 2017 (in billion U.S. dollars)
- Leading drugs going off patent in the U.S. in 2017, by revenue (in million U.S. dollars)*
- Projected revenue growth rates of the global pharmaceutical industry in the period 2015-2018, by region
- Projected global pharmaceutical sales for 2021, by region (in billion U.S. dollars)*
- Projected top 25 pharmaceutical products by U.S. revenue in 2024 (in million U.S. dollars)
- Healthcare and pharmaceutical industry digital advertising spending in the United States from 2011 to 2019 (in billion U.S. dollars)
- How high do you think the pressure on physicians is from the pharma industry to prescribe certain drugs?
- How would you rate the U.S. pharma companies concerning the quality of their drugs?
- How would you rate the U.S. pharma companies concerning their fairness towards patients?
- Opinion of Americans on U.S. pharmaceutical product quality compared to foreign products as of 2017*
- Top 10 pharmacies based on specialty drug revenue in the U.S. in 2017 (in billion U.S. dollars)
- Number of patent applications for genetically engineered drugs worldwide in 1990 and 2010
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- Revenues of Valeant Pharmaceuticals' top U.S. diversified products in 2017 (in million U.S. dollars)
- Top specialty drug pharmacies in the United States based on market share in 2017
- Forecast: manufacture of pharmaceutical preparations revenue in the United Kingdom 2010-2022
- Value of pharmaceutical products exported from Bulgaria in 2017, by type (in 1,000 euros)
- Value of bile and other animal glands for pharmaceutical preparation exported from the United Kingdom (UK) from 2001 to 2017 (in 1,000 GBP)
- Forecast: manufacture of basic pharmaceutical products revenue in Germany 2010-2022
- Forecast: manufacture of basic pharmaceutical products revenue in Denmark 2010-2022
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