A PhRMA survey conducted in 2005 found that, on average, it takes 15 years to bring a new oncology drug to market - 6.5 years to move from discovery to clinical trials and an additional 8.5 years to conduct the necessary trials and receive approval. But of course, this was before the FDA announced their "Program to Streamline Cancer Drug Development" in 2009.
(as an aside, Ariad is on track to bring ponatinib to market in about half that time but then again it took'em 20 years to get ridaforolimus to NDA, so, on average....lol.
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