Don't forget ongoing post-marketing studies to ensure that there are no unforeseen safety issues.
Yep, that too. Also forgotten is legal issues. Drug companies keep a legal department on the payroll too. That adds to the cost. El Presidante can write all the XO’s to bring down the cost of drugs but all it will do is drive them overseas. Then how will the FDA control them?
“Cost of research, development, testing and advertising: a billion dollars or more.”
Yes and then you have 7 years to recoup all of your R&D expenses before the generic producers are all over you and you lose a lot of market share.