Innovation Pharmaceuticals Inc (IPIX)

[BonelessCat]

“Prior estimates for the cost to develop one new (cancer) drug span from $320.0 million to $2.7 billion.”

“In a widely publicized analysis from the Tufts Center for the Study of Drug Development, the authors estimate $2.7 billion (inflation adjusted for 2017 US dollars) is needed to bring a single drug to the US market.”

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5710275/

$30 million is nothing in real costs for cancer drug development. And yet, it’s a lot of money not just to those of us who don’t have $30 million.