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CBO Simulation Model of New Drug Development
Congressional Budget Office [CBO] Link to more items from this source
Aug. 27, 2021

"This paper presents the Congressional Budget Office's simulation model for analyzing legislative proposals that may substantially affect new drug development. The model uses estimates of changes in expected future profits or development costs to estimate the percent change in the number of drug candidates entering the various stages of human clinical trials. Given changes in decisions to enter at each stage, the model estimates when and by how much the number of new drugs entering the market will change." [CBO Working Paper 2021-09]

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