“The Price of Innovation”: Report Suggests that the Cost of Drug R&D is Inflated
Adrienne Ng is a JD candidate at Osgoode Hall Law School. Donald Light and Rebecca Warburton (hereafter LW), in February 2011, published a paper entitled “Demythologizing the high costs of pharmaceutical research”. The paper suggests that the US$802 million price tag of pharmaceutical innovation estimated in a 2003 report is inflated. A more sound estimate would be US$43 […]