The cost of developing and taking a new drug to market can range from a hair under a billion to almost $3bn, with a study from the London School of Economics giving an average of $1.3bn.
It also takes typically between 10 and 15 years. Imjudo (tremelimumab-actl) for example, was approved in October 2022 after nearly two decades of work by AstraZeneca PLC. (Also see...