Moore’s Law for Pharma

DJ Kleinbaum of Emerald Therapeutics explains “Eroom’s Law,” which says that the cost of getting a drug developed and approved will double every nine years. At that pace, pharmaceutical companies would have to spend $16 billion on drug development in the year 2043, according to Kleinbaum. Aside from driving up national spending on healthcare, the industry would be forced to develop only the most profitable drugs -– not the ones most needed.