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The Negative Effects of Thailand Invoking Article 31

Tuesday, November 13th, 2007

 In 2003, the Tufts Center for the Study of Drug Development ("Tufts") estimated the cost to develop a new drug to be in excess of $850 million.  Today, that figure is likely well into the billions.  Tufts also found that approximately 20% of new drugs that enter clinical testing eventually receive U.S. marketing approval.  ...