How Much It Costs to Develop a Cancer Drug

The vast majority of all drugs (especially cancer drugs) that are developed fail before making it to market -- making drug development incredibly expensive. A recent study by the American Medical Association looked at exactly how expensive it is to get a cancer drug from development to the market.

In this clip from Industry Focus: Healthcare, host Kristine Harjes and Motley Fool contributor Todd Campbell go over the results of the study, explain why the high end and the low end of the ranges are so vastly different from each other, and dive into how much return on investment many of these drugs have ended up achieving.

A full transcript follows the video.

Source: Fool.com