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To: Chuzzlewit

I wonder how much of the cost of development is directly linked to gov. regulations.


6 posted on 10/31/2011 8:01:01 AM PDT by Josephat
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To: Josephat
Quite a bit. When Arthur Hailey was researching for his book No Deadly Drug he found that there was a lot of red tape that drove up the cost of development, and even more red tape in production. Some of the government regulations make perfect sense, to ensure the drug has been tested adequately and competentently, and that it's manufactured properly. Other government regulations make no sense, and may not be based on science.

Then there is liability cost. Think "big awards against big pharma".

32 posted on 10/31/2011 8:32:59 AM PDT by asinclair (Talk is cheap, actions are priceless)
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