Columbia University Medical Center
NewYork-Presbyterian Hospital The University Hospital of Columbia and Cornell
New Drugs Trail Many Old Ones in Effectiveness Against Disease
June 3, 2013 - June 4, 2013

 Despite the more than $50 billion that U.S. pharmaceutical companies have spent every year since the mid-2000s to discover new medications, drugmakers have barely improved on old standbys developed decades ago.


Research published on Monday showed that the effectiveness of new drugs, as measured by comparing the response of patients on those treatments to those taking a placebo, has plummeted since the 1970s.


While that is already unwelcome news to drug and biotech companies, the consequences for the pharmaceutical industry could get worse under President Barack Obama's healthcare law.


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