Evidence map›Paper›PMID 35170336›Full record

ReviewInquiry : a journal of medical care organization, provision and financing

Estimating the Cost of Industry Investment in Drug Research and Development: A Review of Methods and Results.

Stephanie Rennane, Lawrence Baker, Andrew Mulcahy

Abstract readReview
In one paragraph

Review in Inquiry : a journal of medical care organization, provision and financing. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 23 papers.

0numbers the graph read from it
0cells of the map it votes in
23citing papers in PubMed
–field-weighted citation impact
1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.

Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.

3 · Its place in the literature

Who cites it

23 citing papers in PubMed.

  1. Article
  2. Article
  3. Article
  4. Article
  5. Article
  6. The Human Omnibus of Targetable Pockets.Journal of cheminformatics · 2025
    Article
  7. Review
  8. Article
  9. Article
  10. Review
  11. Article
  12. Databases of ligand-binding pockets and protein-ligand interactions.Computational and structural biotechnology journal · 2024
    Review
  13. Review
  14. Article
  15. Article
  16. Article
  17. Antifungal therapy ofBiofilm · 2023
    Article
  18. Article
  19. An Industry Survey on Unmet Needs in South Korea's New Drug Listing System.Therapeutic innovation & regulatory science · 2023
    Article
  20. Article
4 · The record

Corrections and comments

PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.

5 · Who and what money

Authors and funding

3 authors.

Stephanie Rennane1312The RAND Corporation, Arlington, VA, USA.ORCID 0000-0002-6995-2339
Lawrence Baker1312The RAND Corporation, Santa Monica, CA, USA.ORCID 0000-0001-9193-7656
Andrew Mulcahy1312The RAND Corporation, Arlington, VA, USA.

Funding

No grant is acknowledged in the PubMed record.

6 · The paper itself

Abstract

Research and development (R&D) costs factor into considerations of the tradeoffs between prices, intellectual property protection, and incentivizing innovation, all of which can have implications for policy development. Yet, there is little consensus on the actual cost of R&D for new drugs. We review and synthesize papers estimating drug R&D costs incurred by industry. We find a substantial range of per-drug costs, from $113 million to just over $6 billion in 2018 dollars. This range includes estimates covering all new drugs, new molecular entities, and drugs in specific therapeutic classes. The range is narrower-$318 million to $2.8 billion-for estimates of the per-drug cost for new molecular entities. We discuss the data sources, methods, and assumptions used in each study to provide context for the wide range in existing estimates. Differences in definitions, methods, and assumptions lead to large divergences in the main estimates, and the combination of fragmented data sources and different assumptions across studies means that the resulting estimates that can rarely be directly compared. We suggest areas for future research and data collection that would result in more comparable and robust estimates to inform ongoing policy discussion.

Indexed as

Drug CostsInvestmentsDrug IndustryHumansdata collection methodsDrug costsindustrypharmaceutical preparationspolicy makingprescription drugsresearch

Identifiers

PMID35170336
PMCPMC8855407

What OpenQuestion holds

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Registered trials

None linked

Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.