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4min chapter
R&D Costs, Rx Prices, and the Formula for Success in Life Sciences Innovation, With Stephen Ezell
Innovation Files: Where Tech Meets Public Policy
Is the Federal Government Taking Over Drug Development?
Stephanie Coontz: Public and private life sciences are critical to one another. She says it takes at least 11 to 15 years of activity at r nd in development cost that can exceed two billion dollars on average for new drugs. The federal government now funds the national institutes of health at about forty two billion dollars a year, she says.
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