Oireachtas Joint and Select Committees
Wednesday, 6 March 2019
Joint Oireachtas Committee on Health
National Medicines Strategy: Discussion
Dr. Kieran Harkin:
First, the problem is one of transparency. No one actually knows how much it costs to develop a new drug. The pharmaceutical industry would say $5 billion, which most people would say is at the top end, with the prices more likely to be between $1 billion or $2 billion. The public private partnerships that we mentioned develop very effective new drugs for $500 million.
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