I was taught it costs 100million dollars with one in ten chance of success | Hacker News

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		rchi on Sept 25, 2012 \| parent \| context \| favorite \| on: Ben Goldacre: Here’s the foreword to my new book, ... I was taught it costs 100million dollars with one in ten chance of success

Alex3917 on Sept 25, 2012 [–]

That's inherently wrong, if only because there's no one who knows the actual statistics. We know that it's possible to develop a drug for less than $20 million, how much pharma actually spends is indeterminate.

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