Pharmaceutical industry: the cost of introducing a new product 1970-2010s
This statistic represents the estimated costs of introducing a new chemical or biological product in the pharmaceutical market from 1970 to the 2010s. Between 1970 and 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 30 years later, these costs stood at some estimated 2.6 billion U.S. dollars.