Why are the prices to the consumer so high

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Assignment:

You have heard of the high costs of drugs and biologics. Why are the prices to the consumer so high? Why is it so expensive to develop drugs and biologics and what can be done to reduce development costs (and perhaps then reduce the costs for the patient)? Hint, google "Tuffs Center for the Study of Drug Development" and see what individuals have to say about the Center's numbers (agree, disagree, good, bad).

Reference no: EM133471613

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