Average cost to develop a new medicine

On average, it takes 10-15 years and costs $2.6 billion to develop one new medicine, including the cost of the many failures.

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APA

PhRMA. (2025). Research & Development. Retrieved September 17, 2026, from https://phrma.org/policy-issues/research-development. Via StatOrigin, https://statorigin.org/stat/stat_FRE7CHVKGNJN3911RBNGBJF45S

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MLA

PhRMA. "Research & Development." 2025, https://phrma.org/policy-issues/research-development. Accessed 17 Sept. 2026 via StatOrigin, https://statorigin.org/stat/stat_FRE7CHVKGNJN3911RBNGBJF45S.

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Chicago

PhRMA. "Research & Development." 2025. https://phrma.org/policy-issues/research-development. Accessed September 17, 2026. Cited from StatOrigin, https://statorigin.org/stat/stat_FRE7CHVKGNJN3911RBNGBJF45S.

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BibTeX

@misc{phrma2025averagebjf45s, author = {{PhRMA}}, title = {Research \& Development}, year = {2025}, howpublished = {StatOrigin, https://statorigin.org}, url = {https://statorigin.org/stat/stat_FRE7CHVKGNJN3911RBNGBJF45S}, note = {Original source: https://phrma.org/policy-issues/research-development. Accessed September 17, 2026.} }

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Record last modified 17 September 2026. Value type: estimate. Update cadence: irregular. This page is permanently addressable at statorigin.org/stat/stat_FRE7CHVKGNJN3911RBNGBJF45S.