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Americans Living Longer, Healthier Lives Due to Medical Innovation and New Therapies
Date:2/23/2010

The Congressional Budget Office specifically identified America's biopharmaceutical sector as "one of the most research-intensive industries" in America. Tauzin said, "It's important to keep in mind that developing new therapies can be risky, expensive and time consuming. Creating a new medicine, on average, takes between 10 and 15 years and can cost $1.3 billion. But it's an investment biopharmaceutical research companies make because nothing is as important as the search for new cures and treatments that help patients live longer, healthier lives."

SOURCE Pharmaceutical Research and Manufacturers of America

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SOURCE Pharmaceutical Research and Manufacturers of America
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