Five Reasons to Embrace Data-Driven Drug Development

LAWRENCE GANTI | March 8, 2019

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The growth of the pharmaceutical and biotechnology industry depends on successful clinical trials. The cost of developing a new drug that gets approval is estimated at around $2-3 billion. The longer the trial lasts and the more patients it has involved, the larger the loss. The researchers at Johns Hopkins Bloomberg School of Public Health observed that trials which failed at phase I or II wasted around $6 million, while those failed at phase III resulted in a loss of approximately $77 million. Not to mention, the time it takes for an approved drug to reach the market is 10-12 years.

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The mission of the Genetics Society of America (GSA) is to deepen our understanding of the living world by advancing the field of genetics. It does this by: Fostering an international community of geneticists by promoting interaction among geneticists (including microbial, plant, animal, human, and population and theoretical geneticists) while cultivating a community of thought leaders in the field. Ensuring genetics fulfills its potential for broad impact by facilitating the application of genetic tools and approaches in biological research.

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Spotlight

Genetics Society of America

The mission of the Genetics Society of America (GSA) is to deepen our understanding of the living world by advancing the field of genetics. It does this by: Fostering an international community of geneticists by promoting interaction among geneticists (including microbial, plant, animal, human, and population and theoretical geneticists) while cultivating a community of thought leaders in the field. Ensuring genetics fulfills its potential for broad impact by facilitating the application of genetic tools and approaches in biological research.

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