Consulting Services for Drug Discovery Research
Science is big business. In the pharmaceutical sector, Pfizer alone spent nearly $9 billion on research and development in 2019. The median cost of getting a new pharmaceutical into the marketplace is ~$1 billion. Moreover, it often takes 10 years for a drug to go through the necessary clinical trials before it gets Food and Drug Administration approval in the United States. Before a pharmaceutical company spends that much time, money, and effort to get a created drug approved for use in humans, it’s important to get objective scientific feedback from an expert early in the process to evaluate the potential efficacy of the developed drug, its possible side effects, and its likely market share.