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Utterly ridiculous statement and you're clearly showing you're lack of understanding of the industry. The latest research I saw had 2/3 of new drug developed at both biotech and pharma companies. Only 1/3 came from academic settings and that only includes discovery of the lead, which is about 1/10th of the work required for a new drug and at a cost of a about 1% of the total for R&D.



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