The Root Cause Of Pharma’s Drug Development Problem
Jon Hu Forbes Councils Member Everyone likes to point fingers at big pharma. They’ll point to how much money it takes to develop a single drug (up to $2.8 billion on average)—or point to how a drug caused severe, long-term side effects that result in it coming off the market—ultimately throwing that money down the drain. But ironically, they’re missing the point. The problem isn’t the cost; the cost is an effect…