Pharmaceutical Facts 2009
Time to develop and market a new drug: 10-15 years
Average Cost to develop a new drug (2006): $1.318 billion
Total R&D spending on drugs in 2008: $65.2 billion
Generic share of market in 2007: 72%
Percent of marketed drugs that cover R&D costs: Only 20%
Total number of drugs approved in 2008: 31
R&D as a percent of U.S. sales: 20.3%
Average effective patent life for major drugs: 11.5 years
Medicines currently in development: 2,900 compounds
For every 5,000-10,000 compounds tested, the number that make it to clinical trials: 5
For every 5 compounds that make it to clinical trials, the number that get FDA approval: 1
Probability that a compound tested eventually gets FDA approval: .01% (1/100th of 1%, or 1 out of 10,000) to .02% (1/50th of 1%, or 1 out of 5,000)
Source: Pharmaceutical Industry Profile 2009
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Pharmaceutical Facts 2009
January 16, 2010
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