Guess what, too, after they have invested 12 years in that drug and $350 million, where do you think they get that money from? It goes into a much higher costing drug that Americans may need to save their lives or prolong their lives. If we can simply have a better process that does not take 12 years, that does not cost $350 million, we will also be providing life-saving and life-prolonging drugs and treatments to Americans at more decent prices, which is a critical component of our health care reforms. We hope to accomplish again some of that this year.
William Tauzin: “Guess what, too, after they have invested 12 years in that drug and $350 million, where do you think they get that money…”
Editor's note · Context
Discussing the need for reform in the drug approval process to lower costs and improve access to life-saving medications.
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