MYTH 1: It costs $1 billion to produce a drug because of the cost of clinical trials, and accounting for all the R&D of other medical experiments that didn’t prove successful.
BUSTED! Even the big pharma boss of GSK has admitted this is “the industry’s biggest myth”. Yes clinical trials are expensive, but not that expensive! DNDI (Drugs for Neglected Diseases Initiative) estimate that at an absolute maximum the R&D for a completely new drug for a neglected disease would cost $120 million that’s more than 8 times less than the amount Big Pharma claim.