Hindsight · review build · data not yet validated

Drug R&D cost

ARK Invest, Big Ideas, 2024, published 2024-01-31

these technologies could reduce research and development (R&D) spending per drug by more than 25%

Verdict

Not graded yet.

idea: Multiomic Tools
target year: 2030
metric: reduction in R&D spending per drug
value: 25
unit: percent (lower bound)
subject: Drug R&D cost
page: 97
confidence: medium
note: Year taken from the same sentence's 2030 enterprise value target. p102: cost per approval could fall almost 50% 'during the next decade'.