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The researchers cited in this article seem to be promulgating the fallacy that we need only look at the cost of a successful drug trial, and that's the cost. The drugs magically appeared out of nowhere, for free, and equally magically, they are working drugs, so we already know our trial will succeed. It's just a charade we have to go pay for to get the government's rubber stamp, and then it's all good!
Perhaps worth noting that development cost account for more than the phase 2-3 studies and that cost are lower for combinations of known drugs. But yes, 34 million is a lot less than 3 billion.
[1] https://msfaccess.org/precedent-setting-move-towards-drug-de...
> *Total costs were €33.9 million. While the topline results were presented at the WHO PPRI conference, the full detailed costs of the clinical trial have been submitted for a peer-review publication to a journal. In the full publication, the costs are broken down into 27 cost categories, by year, and by trial site, in order to offer a high level of transparency.
[2] https://msfaccess.org/transparency-core-clinical-trial-cost-...
Okay, how does that compare to what pharma companies spend? The article cites some unrelated numbers, doesn't actually compare.
A quick Google search says:
The average cost of phase 1, 2, and 3 clinical trials across therapeutic areas is around $4, 13, and 20 million respectively.
So... not really that different? What's the big deal here?
Worth noting as well that J&J have shut down their entire division in communicable diseases because it was so unprofitable for them.
(Source: I work in this industry)