Saturday, August 23, 2014 2:13:34 PM
The long and torturous road as you speak of is up to 15-20 years. We are at 12 years now. If they go a full PIII then we are at the short end of normal.
They have spent less than $150 million compared to 1.5 to 5 billion for big pharma.
http://www.forbes.com/sites/matthewherper/2013/08/11/how-the-staggering-cost-of-inventing-new-drugs-is-shaping-the-future-of-medicine/
From a certain point of view they are ahead of the game.
What is torturous is biotech investing. Most of the public never sees what I consider "the norm". We chose, however, to get in the roller coaster. For some people it is thrilling, some throw up.
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