This statistic represents the estimated costs of introducing a new chemical or biological product in the pharmaceutical market from the early 1980s to the 2010s. As of the early 1980s, the costs to bring a new chemical or biological pharmaceutical product to market were at some 180 million U.S. dollars. Some 35 years later, these costs stood at some estimated 3.3 billion U.S. dollars.
Estimated costs for the introduction of a new chemical or biological pharmaceutical product from 1980 to the 2010s
(in million U.S. dollars)
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EFPIA. (June 24, 2024). Estimated costs for the introduction of a new chemical or biological pharmaceutical product from 1980 to the 2010s (in million U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/265752/cost-of-introducing-a-new-product-in-pharmaceutical-industry/
EFPIA. "Estimated costs for the introduction of a new chemical or biological pharmaceutical product from 1980 to the 2010s (in million U.S. dollars)." Chart. June 24, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/265752/cost-of-introducing-a-new-product-in-pharmaceutical-industry/
EFPIA. (2024). Estimated costs for the introduction of a new chemical or biological pharmaceutical product from 1980 to the 2010s (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/265752/cost-of-introducing-a-new-product-in-pharmaceutical-industry/
EFPIA. "Estimated Costs for The Introduction of a New Chemical or Biological Pharmaceutical Product from 1980 to The 2010s (in Million U.S. Dollars)." Statista, Statista Inc., 24 Jun 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/265752/cost-of-introducing-a-new-product-in-pharmaceutical-industry/
EFPIA, Estimated costs for the introduction of a new chemical or biological pharmaceutical product from 1980 to the 2010s (in million U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/265752/cost-of-introducing-a-new-product-in-pharmaceutical-industry/ (last visited November 10, 2024)
Estimated costs for the introduction of a new chemical or biological pharmaceutical product from 1980 to the 2010s (in million U.S. dollars) [Graph], EFPIA, June 24, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/265752/cost-of-introducing-a-new-product-in-pharmaceutical-industry/
