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Time to Invest in Pharmaceuticals? [View article]
Just pick up a copy of the NJofM or Harvard review. They have no bias when it comes to reporting it takes 800 million to 1.04 billion per drug to market. This is very well know. This is all in the company financials, just read. If they are lying, well then all the accounting firms are subject to huge fines. Not that this can not happen, but unlikely with SOX at this point.
I work in pharma, it is real. Its only going to get more and more expensive as the FDA has increased its safety analysis. I see it at 1.2 billion by 2012. The FDA will stiffle progress in the USA, if dems take charge it will be worse. The EU, China, India, Brazil and Russia will account for most of the growth past 2010.