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IN THE pharmaceuticals business there are few issues more loaded than the cost of developing a new drug. For a number of years estimates from industry groups on either side of the Atlantic have put it at $1.2 billion-1.8 billion.oseph DiMasi, director of economic analysis at the Tufts centre, says the most useful aspect of the $2.6 billion figure in his study is that it is comparable with previous figures. In 2003 his centre put the cost of drug development at $802m.
That amount would be about 10 percent of worldwide spending on all prescription drugs. In the U.S., a month's supply of a brand-name cancer drug is now about $10,000, double what it was a decade ago, according to the report.he cost of developing cancer drugs is higher than for other drugs because the failure rate is higher.. He says that's especially true given the trend toward personalized oncology treatments. Personalized medicine means patients can get more targeted therapies.