Development of a novel drug is a tedious process that requires immense investments of resources and time - on average, it takes at least ten years and $ 2.6 B for a new medicine to complete the journey from initial discovery to the marketplace. And then patents give pharmaceutical companies the right to be the sole supplier of a new drug in a certain country to make such time and efforts investments justified. But if we are talking about a rapidly developing new plague, time resources at the disposal of the pharmaceutical industry appear to be scarce and new solutions to emerging challenges have to be found faster.
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Topics: Biotech Companies