Why does it cost so much to develop a new drug?

Answer 1

Developing a new drug is costly due to several factors, including extensive research and development (R&D) processes, which can take over a decade and involve rigorous preclinical and clinical trials to ensure safety and efficacy. Additionally, the high costs of regulatory compliance, manufacturing, and potential failures during trials contribute to the overall expenses. Furthermore, the need for specialized expertise, advanced technology, and extensive testing further drives up the costs, often leading to billions of dollars spent before a drug reaches the market.