What costs go into the research and development of new drugs by drug companies?
79352
it takes about 7 to 10 years and an average cost of 500 million dollars to develop each new drug. This money is spent before the FDA approves the drug, and if the drug is not approved, the company loses the money. These expenses must be covered by the revenue from compounds that successfully become approved drugs.
906290
There has been some misinformation in response to your question. Doctors do not get paid to prescribe certain medications. Be careful of the information provided by "hushnowjustplayit," as she has confused some of her information. Some doctors do participate in clinical trials, in which actual drugs and placebos are used, but patients are NEVER entered into these trials without their knowledge and written consent. The physician is not paid for prescribing the drug, but for conducting the research itself (monitoring patients' progress, evaluating the data, etc.). Pharmaceutical companies often meet with doctors, or even buy them lunch or offer small gimicks, to explain what they believe are the benefits of their products. They are not legally allowed to offer trips (this law has been in place for nearly twenty years) and, in my experience, the drugs doctors actually prescribe are not influenced by which drug reps ("salespeople") have recently brought lunch. The only possible exception is free samples - when there are equivalent drugs on the market, a physician may be more inclined to start a patient on the drug for which he can provide free samples. \n\nIn short, doctors get nothing for prescribing a prescription for you. Doctors are constantly battling with insurance companies, just like their patients, and most of the physicians I know are disgusted with the current price of medications and the general state of American healthcare. \n\nIn regards to your second question, MDs are largely trained only in methods that have been supported by hard science. They are not against homeopathic cures, but merely cautious of any remedy that has not been thoroughly evaluated. As mentioned by "ladyscientist," a DO (Doctor of Osteopathy) would provide more homeopathic methods for treating illnesses, and may be a better fit for you than a traditional MD.
760789
A doctorate in Medicine. Drug designers make a lot of money. Unlike regular doctors if something you do screws up, the company you work for takes the brunt of it.
1178233
I hope you mean in a business context because that's how I am going to answer.  People need to be informed of progress to make intelligent decisions respecting potential investment into capital markets/equities.  \n\nExample: Oil companies report on drilling so that determination of reserves and possible renewed supplies can be made which in turn assist in evaluating the company doing the drilling by allowing them to restate their reserves.  Usually when a well hits the company stock will rise in value as a resuld of those increased reserves.\n\nExample: Drug companies always talk about where they are in clinical trials.  By doing that investors have an idea what new products to expect and can more intelligently determine weather the company is going in the right direction or not than invest accordingly.  When a drug has a successful testing series through the FDA and is approved than the company stock will generally benefit.
182971
i think you are on a right track....\nHow many companies will admit that most cough syrups just do not work ??\nIt is a money driven industry.\nWhen someone finds a cure......Gee..lots of money.....but there could be so much invested for nothing really.\nCures : means lots of products on the market so more money..\nWould it be more simple to come up with a simple vaccine ? sure...but then.....not much money afterwards !\nI'm not a complete cynic. There is a lot of research but sometimes money is not allocated.\nI remember a top researcher in England who just went in the street to raise money for research for breast cancer because his hospital would not give him more......What a guy..\nIt is all about money !\nHave you noticed in your local Shoppers Drug Mart or whatever how many brands are called off ?? Those which REALLY worked ? and are replaced by a million of substandard ones ?\nI talked to one person at that time......they said : yes..it is all about money !!\nBest thing is go online. the top products which work are there but they will not be available to the general public. People try, buy, not satisfied, buy some more etc..\nGet my drift ??
489899
Well, I have never heard of such a company here in Switzerland. After looking up the official company directory, I have found a "Molekule Pharmaceutical GmbH" in Adliswil, founded 6 weeks ago with the absolutely minimum capital. Reputation equals zero.
1171408
Pharma companies make wayyy too much money on the "drug cocktail", the many drugs AIDS patients must take.  A cure means no one buys those drugs anymore.  It is in the best interest of their profit margin and their existense as a company that they never find a cure.
585645
The drug companies do use people as consensual guinea pigs in pre-clinical and clinical testing in order to discover the positive and side effects of a drug.  After that, if the drug is safe enough, it is marketed.  Unfortunately, we cannot ever be completely sure about all the effects of a drug (e.g. Lipitor or Prozac), and thus, drug companies continually monitor the drug while it is in the market.  Basically, it is a comparison of benefits versus costs.  There are no such things as drugs without side effects; however, if the benefits outweigh the costs greatly, then the drug can lead to a gain in society.  Obviously some drugs must be recalled, and there are some mistakes in all types of drugs, but overall, the system works.  Through the monitoring process, other side effects of Lipitor were discovered and are now being worked on to improve the drug.
893412
hi,\nThere are many companies........\nI will list here few of them\nBiocon\nShanta Biotech \nHaffkine Biopharmaceutical \nAstraZeneca\nWockhardt Life Sciences \nPanacea Biotech \nWipro Health Sciences
1034410
It makes big biotechnology companies very rich.\n\nOf course, it also has proven negative side effects on the environment, many unknown potential effects on nature (it has had no long term tests), unknown health consequences and disrupts the economic development of the poorest nations on earth in favour of the richest.\n\nNeat product, eh.
71830
Check out this article:\nhttp://healthcare.monster.com/pharm/articles/pharmsales/
461884
Research and Developement.
561154
the centient biotech investor
1081941
combination of microbiology/ biotech has graet scope in pharmaceutical/clinical research industry. beside these it also have scope in food and feed industry, textile industry, alcohol industry etc.\npay depends where you lilve in america it range from 40-60K dollars/year if u r having 0-2 years experience.
325221
Drug companies are a good place to start.  Find out what some drugs are, and who makes them.  Contact the company, they may be eager to fund something like this in turn for free advertising
77416
The doctor's, pharmacies, and various other organizations make too much money without a cure. Think of all the money they would lose on pills, treatments, ect. if there was a cure. It isn't just AIDS/HIV, it is the same with cancers and other deadly diseases as well.
1012115
Biotech comapies have the capabilities to discover human proteins, monclonal anti-bodies as well as small molecule drugs.  Thus able to cover a wider range of diseases.  They are also venturing into Biomarkers to aid diagnosis. Also biotech companies are newer and much more daring with their pipelines as opposed to big pharma which are mostly 100 year old companies located in the East Coast.  Biotech companies usually have the small biotech spirit alive even after they market billion dollar products. It's a really fun atmosphere to work in and they treat their employees very well. They usually get top ranks in "America's Best Places to Work." Big Biotech companies usually have extremely good health benefits, 401K plans, very generous stock options and year end bonusses, they also provide their employees with flex schedules, onsite daycare, executive standard gyms, and a lot of events that serve a lot of free alcohol :)