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It Costs an Average of About a Billion Dollars to Develop

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It costs an average of about a billion dollars to develop one new drug and clear all FDA rules. If a drug is not approved for marketing, the FDA pays the company for the costs of the tests.


Definitions:

Death Penalty

A legal punishment where a person is executed by the state as a consequence for a particularly serious crime.

Preconventional Morality

The first level in Kohlberg's theory of moral development, where behavior is guided by punishment avoidance and the pursuit of self-interest.

Punishment

The removal of a pleasant stimulus or the application of an unpleasant stimulus, thereby lowering the probability of a response.

Moral Development

The process through which individuals develop proper attitudes and behaviors towards other people in society, based on social and cultural norms, laws, and rules.

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