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The premier study on drug development costs was released and the results will astonish—costs have increased by 145% in the past decade (1). In 2003 the Tufts Center for the Study of Drug Development released what has become the financial benchmark for comparing drug development costs. In 2003 the average cost was estimated to be $800 million. The new cost--$2.6 billion. But I'll explain below, why consumers are actually getting a great deal on what they pay at the pharmacy for...24 - January - 2015
2014 has concluded and it was very kind to the portfolios of Health and Life Science executives. As of today, the Dow Jones U.S. Healthcare broad industry index returned 25% (second only to Utilities +26%) during 2014. Healthcare was tops during the past three years, with annualized returns of +27%. The Dow Jones U.S. Healthcare index includes: Providers, Equipment, Supplies, Biotech and Pharma (1). The companies featured in my blog have done even better, returning on average +82% this year....05 - January - 2015
It was the year 2014... The World Health Organization (WHO) issues this frightening statement, "In a post-antibiotic era in which common infections and minor injuries can kill - far from being an apocalyptic fantasy, is instead a very real possibility for the 21st Century." Drug development slows. The approval of antibiotics and antivirals have been been cut by two-thirds during the period from 1980 to 2009. Infectious disease experts maintain overuse has...31 - October - 2014
A new study presented at the Animal Behavior Society Conference categorizes wolves *not* dogs as the more tolerant, cooperative and independent thinking of the species. The theory and supporting data presented goes on to explain that we have bred and trained dogs into a hierarchal, obedient species. Our four-legged friends have become ever more reliant on us, their human pack leaders. Two separate tests were conducted, both studies were evenly...04 - October - 2014
Newly issued guidance by the Supreme Court has the potential to re-shape the landscape of biologic drug and product commercialization. Two recent Supreme Court decisions have emboldened the U.S. Patent and Trademark Office (USPTO) to announce that thousands of patents, if reviewed today, would never have been approved.The most recent, 2013 Association for Molecular Pathology. Myriad Genetics Inc., argued that human genes can not be patented because they occur naturally. 2012 Mayo...31 - July - 2014
The Affordable Care Act has excessively publicized the concept of public health insurance exchanges. But most have heard little about Private Health Insurance Exchanges (PHIXs). Private Health Insurance Exchanges (PHIXs) are marketplaces where employees of private companies can purchase their own health insurance in a retail, “Amazon-like”, self-directed fashion. “Health insurance in the U.S. is at the cusp of a major transition from an employer driven payor model to a model directly involving...30 - June - 2014