Pharmaceutical R&D and the Evolving Market for Drugs

Pharmaceutical R&D and the Evolving Market for Drugs (PDF; 602 KB)
Source: Congressional Budget Office
From CBO Director’s blog:

Investment in research and development (R&D) over the past several decades has produced a wealth of valuable new drug therapies. Current and future pharmaceutical R&D will determine what drug therapies will become available, and thus will influence future health-care costs. Yesterday CBO released a brief that describes the state of investment in drug R&D and the factors that influence it. It also examines how various policy options to control the growth in health care costs or to expand insurance coverage could affect spending on R&D.



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