Breast Cancer Awareness month - Day 24

Day 24. What does it take in terms of time, money and research to bring a new drug to market?

On average, it takes 8-10 years and approximately $1 Billion for a new drug to go from a chemistry model to FDA approval. Overall only 11% of drugs that start in clinical trials are eventually approved, but 34% of Phase 3 Clinical Trial drugs are approved. "Every advance in breast cancer treatment and care has been the result of a clinical trial."

So it takes longer for new drugs to be approved than most of us will live.