There is a high failure rate and high cost for clinical trials and FDA approvals.
Here is a video that goes through the problem.
80% cannot recruit enough patients for clinical trials.
50% do not have a problem with the drug, but need to redesign the trial (change the dosage or the procedure) and do not have the money to redesign and go through the process again.
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Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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