Drug development costs are not that high now, compared to twenty years ago. Most of the money goes in marketing.
That is entirely false.
1. Why would you include marketing in the cost of developing a drug? They don't market it until it's launched.
2. The cost of drug development is not lower than it was 20 years ago, even by a long shot. FDA approval requirements have gotten more and more complex each year. 20 years ago you could run a trial on a few thousands patients and call it a day. Now the FDA would require a 10,000 person trial over two years for approval. That costs money.
That is entirely false.
1. Why would you include marketing in the cost of developing a drug? They don't market it until it's launched.
2. The cost of drug development is not lower than it was 20 years ago, even by a long shot. FDA approval requirements have gotten more and more complex each year. 20 years ago you could run a trial on a few thousands patients and call it a day. Now the FDA would require a 10,000 person trial over two years for approval. That costs money.