by MIT Technology Review Insights from MIT Technology Review on (#778S8)
Drug discovery is a high-cost, high-risk endeavor that is under growing pressure from a market increasingly defined by first-mover advantage. Since the 1950s, the cost of developing new pharmaceuticals has roughly doubled every nine years-a phenomenon known as Eroom's Law. Today, bringing a new drug to market takes an average of 10-15 years and costs...