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@ -147,6 +147,9 @@ This may be an operational change to reduce the cost of new drugs.
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\cite{dimasi_ValueImproving_2002}
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used data on 68 investigational drugs from 10 firms to simulate how reducing
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time in development adds to the
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time in development reduces the costs of developing drugs.
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He estimates that reducing Phase III of clinical trials by one year would
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reduce total costs by about 8.9\% and that moving 5\% of clinical trial failures
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from phase III to Phase II would reduce out of pocket costs by 5.6\%.
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\end{document}
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