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)
EFPIA stands for European Federation of Pharmaceutical Industries and Associations. This statistic was assembled from several efpia reports.
* In 2011 U.S. dollars.
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EFPIA. (June 29, 2015). Estimated costs for the introduction of a new chemical or biological pharmaceutical product from 1979 to 2012 (in million U.S. dollars) [Graph]. In Statista. Retrieved May 22, 2022, from https://www.statista.com/statistics/265752/cost-of-introducing-a-new-product-in-pharmaceutical-industry/
EFPIA. "Estimated costs for the introduction of a new chemical or biological pharmaceutical product from 1979 to 2012 (in million U.S. dollars)." Chart. June 29, 2015. Statista. Accessed May 22, 2022. https://www.statista.com/statistics/265752/cost-of-introducing-a-new-product-in-pharmaceutical-industry/
EFPIA. (2015). Estimated costs for the introduction of a new chemical or biological pharmaceutical product from 1979 to 2012 (in million U.S. dollars). Statista. Statista Inc.. Accessed: May 22, 2022. https://www.statista.com/statistics/265752/cost-of-introducing-a-new-product-in-pharmaceutical-industry/
EFPIA. "Estimated Costs for The Introduction of a New Chemical or Biological Pharmaceutical Product from 1979 to 2012 (in Million U.S. Dollars)." Statista, Statista Inc., 29 Jun 2015, https://www.statista.com/statistics/265752/cost-of-introducing-a-new-product-in-pharmaceutical-industry/
EFPIA, Estimated costs for the introduction of a new chemical or biological pharmaceutical product from 1979 to 2012 (in million U.S. dollars) Statista, https://www.statista.com/statistics/265752/cost-of-introducing-a-new-product-in-pharmaceutical-industry/ (last visited May 22, 2022)
