Forbes August 20, 2019
How will realtime health data from smartphones change the way health research is done? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world.
Answer by Akshay Sharma, CTO, Doc.ai, on Quora:
It takes on average 10–15 years and USD 1.5–2.0 billion dollars to bring a new drug to market. Drug development costs are increasing and the time it takes to bring a drug to market is becoming longer. Also of consideration is the success rate for receiving regulatory approval to market a drug. There is more money being spent and fewer effective drugs being produced, this is called Eroom’s law. All along patients are either suffering or...
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