High cost of Research and Development – Drug approval process in U.S. takes a long time to study a drug and get approval of the drug for consumers to use. – The FDA have led delays that could take up to 2 to 3 years or a lot longer to approve a drug. – Most drug trials fail during the research process. – Manufacturers need to recoup the financial investment within the patent period. How do these contribute to the high cost of pharmaceutical drugs? Please explain.

High cost of Research and Development
–         Drug approval process in U.S. takes a long time to study a drug and get approval of the drug for consumers to use.
–         The FDA have led delays that could take up to 2 to 3 years or a lot longer to approve a drug.
–         Most drug trials fail during the research process.
–         Manufacturers need to recoup the financial investment within the patent period.
How do these contribute to the high cost of pharmaceutical drugs? Please explain.

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The post High cost of Research and Development – Drug approval process in U.S. takes a long time to study a drug and get approval of the drug for consumers to use. – The FDA have led delays that could take up to 2 to 3 years or a lot longer to approve a drug. – Most drug trials fail during the research process. – Manufacturers need to recoup the financial investment within the patent period. How do these contribute to the high cost of pharmaceutical drugs? Please explain. appeared first on Superb Professors.