linkedin post 2013-06-30 05:46:26

BIG URBAN MYTH: no drug costs one billion to develop. This is sheer nonsense that Pharma companies enjoy being perpetuated. There are thousands of VC backed Biopharma companies. Have you ever heard of a one billion investment into any of these? Never. Most Biopharma companies have well under 100 million invested. Big Pharma sometimes publishes this number by accounting for their inefficient carrying costs, which should be an embarrassment not a triumph. Replicating this nonsense is absurd and irresponsible journalism.”
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