The better we get at doing things, the more ambitious we get. As an example, we can keep babies alive much earlier in gestation, so we try harder if they’re earlier than we would before. We should expect a homeostatic equilibrium between our skill and our ambition.
Clinical failure rates over the decades: yikes
31–40 of 146 posts
Re: Clinical failure rates over the decades: yikes
#32Re: Clinical failure rates over the decades: yikes
#33> I’m fond of saying that the most important single statistic about the drug industry is the clinical failure rate, which is (by any reasonable standard) appallingly high. He starts off on the wrong note, there is nothing at all wrong with a high rate of clinical failures. If anything, the reasonable argument standard might be that this rate is too low. It implies researchers are trying things that they expect to hav…
https://www.complexsystemspodcast.com/episodes/ruxandra-tesl...
Re: Clinical failure rates over the decades: yikes
#34Can’t agree with the premise. It seems that through changing regulatory regimes and technology a 1 in 10 chance is the economic optimum for this. Interesting stability, certainly, but I’d expect that as technology improves success rate, funding increases until the marginal project is unprofitable. The better we get at doing things, the more ambitious we get. As an example, we can keep babies alive much earlier in ges…
Those failures can include drugs that would be considerer miraculous 10 or 20 years ago. You might have a drug that functionally cures HIV, but failed to outperform the standard of care in a RCT.
You have drugs like Lorbrena for non-small cell lung cancer where the median life extension is unknown because >50% of patients are alive 7 years out. Or Keytruda where 50% of advanced melenoma patients appear functionally cured 10 years post treatment.
Re: Clinical failure rates over the decades: yikes
#35This is completely unsurprising, and this: But let’s think about that 91% failure rate for a moment. When I bring this up in presentations, I invite the audience to consider what the auto industry would look like of 91% of new car designs proved unable to roll out of the factory, or if 91% of new airliner models were unable to leave the ground Is an utterly irrelevant comparison. For physical thing we have engineerin…
Anyone smarter than a 10 year old would not we actually know almost everything about car design. How it works is not at all hidden. We have iterated on pretty much the same thing for 100 years. The current state is about efficiency, materials and manufacturing.
When you have deep knowledge and experience in a field you will get near 100%.
Re: Clinical failure rates over the decades: yikes
#36> I’m fond of saying that the most important single statistic about the drug industry is the clinical failure rate, which is (by any reasonable standard) appallingly high. He starts off on the wrong note, there is nothing at all wrong with a high rate of clinical failures. If anything, the reasonable argument standard might be that this rate is too low. It implies researchers are trying things that they expect to hav…
Re: Clinical failure rates over the decades: yikes
#37Why does he conclude there is no alternative? He already argued this would be strange in other disciplines. So reform it.
If you can think of a way that you can have a much higher chance than 9% of success in getting a useful treatment to market, you can make a boatload of money. Go ahead, reform it.
Re: Clinical failure rates over the decades: yikes
#38Re: Clinical failure rates over the decades: yikes
#39Why does he conclude there is no alternative? He already argued this would be strange in other disciplines. So reform it.
How? He’s saying that he can’t think of any good ones, and in my experience that’s true of most informed people. This is one of those hard problems that needs solutions, and so far the present system is the best anyone has managed.
Re: Clinical failure rates over the decades: yikes
#40Why does he conclude there is no alternative? He already argued this would be strange in other disciplines. So reform it.
It's not for lack of trying. People are definitely trying to find better ways of finding stronger candidates earlier. People are trying to gain a more precise understanding of disease mechanisms. There are breakthroughs that I could have never imagined such as mRNA vaccines.