On the recordJuly 22, 2013
On average, it takes 10 years and $1 billion to develop and gain FDA approval for a new drug.
Source
congress.govOn average, it takes 10 years and $1 billion to develop and gain FDA approval for a new drug.
Senator Lee highlights the investment needed for drug development.
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I can guarantee you, we will be borrowing every penny of it, because we do not offset it.