Earlier quoted context omitted.
Good reasons: * Most drug candidates just don't work * Even among the drug candidates that do, figuring how to safely deliver them to their target is very hard (looks similar to "just doesn't work") Bad reasons: * It's too expensive to prove that a drug works * It's too difficult to differentiate the patients for whom a drug works and the patients for whom it does not * It is very hard to predict recruitment and to a…
> It's too expensive to prove that a drug works I'm not sure that is necessary a bad reason. You need to factor in a lot of concerns to determine what "too expensive" means. But if you are going to spend billions of dollars to develop a drug that only treats about 2 people a year it is likely too expensive even if it is 100% effective. That money would be better spent on treatments that have wider applicability. Of c…
In other cases it's a bad reason for failure: it's also incredibly expensive to prove your drug works even if it does work for a lot of people.
That's bad! It'd be better if it were cheaper.
Actually counterintuitively, due to a weird drug approval and payor reimbursement policy arbitrage, pharma companies are highly incentivized to produce drugs for tiny populations.
One of my hobby horses is railing against this specific dynamic.