According to the latest estimate from Tufts economists, it now costs upwards of $2.6 billion to bring a new prescription drug to market (read “Cost to Bring a New Drug to Market Is $2.6 Billion According to Tufts – 3X More Than in 2003!“). Other estimates range from $59 million to $1.5 billion.
But the gap in price between generic drugs and brand-name drugs in narrowing. Why?
But its also true that generics are still helpful for making health care services for cheaper.