The Average Cost of Developing a New Drug and Clearing

question 390

Multiple Choice

The average cost of developing a new drug and clearing all FDA regulations to get the drug to market are about a billion dollars and are:

• A) paid by the FDA only if the drug is approved
• B) paid by the FDA only if the drug is not approved
• C) paid by the FDA whether or not the drug is approved
• D) paid by the National Institute of Health
• E) none of the other choices

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Definitions:

Skunkworks

A project developed by a small and loosely structured group, often in secrecy, focused on innovative and radical solutions.

Intrapreneurship

The act of behaving like an entrepreneur while working within a large organization, focusing on innovation and creativity.

Commercial Project

A project that is undertaken by a business or a company aiming to generate profit or revenue. It can include anything from launching a new product to constructing commercial real estate.

Skunkworks

An informal project team established to develop an innovative product or process, often with autonomy from an organization's regular research and development procedures.