$18.9 million would not include the cost to receive FDA approva.l
Clinical trials that support FDA approvals of new drugs have a median cost of $19 million, according to a new study by a team including researchers from Johns Hopkins Bloomberg School of Public Health...The $19 million median figure represents less than one percent of the average total cost of developing a new drug, which in recent years has been estimated at between $2 to $3 billion..for some indications, such as rare incurable diseases, the FDA will accept much smaller, shorter trialshttps://www.jhsph.edu/news/news-releases/2018/cost-of-clinical-trials-for-new-drug-FDA-approval-are-fraction-of-total-tab.html
Is this is not usually mentioned when liberals cite the cost of domestically produced drugs?
There’s a video on this page of the CEO:
I’d say it’s a scam using the “too good to be true” test. Private companies can attract sucker investors, too.