Pharmaceutical industry: the cost of introducing a new product 1979-2012
Estimated costs for the introduction of a new chemical or biological pharmaceutical product from 1979 to 2012 (in million U.S. dollars)
This statistic represents the estimated costs of introducing a new chemical or biological product in the pharmaceutical market from 1979 to 2012. In 1979, the costs to bring a new chemical or biological pharmaceutical product to market were at some 200 million U.S. dollars. Some 30 years later, these costs stood at some estimated 1.5 billion U.S. dollars.
Estimated costs for the introduction of a new chemical or biological pharmaceutical product from 1979 to 2012 (in million U.S. dollars)
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| Cost in million U.S. dollars | |
|---|---|
| 1979 | 199 |
| 1987 | 226 |
| 1991 | 451 |
| 1993 | 625 |
| 2003 | 1,031 |
| 2012 | 1,506 |
Source
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Statistics on "Global pharmaceutical industry"
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