Letter from the Editor


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The cost of innovation. The recent article published in the Feb. 7, 2011, issue of the journal BioSocieties for The London School of Economicsand Political Science is causing quite a stir.  The Authors – Donal W. Light of Stanford University and University of Medicine and Dentistry of New Jersey and Rebecca Warburton of University of Victoria in Canada – challeneg the gold standard R&D costs put forward by the Tufts Center for the Study of Drug Development.
The new study claims Tufts’ estimates are artificially high and make no adjustment for taxpayer subsidies or tax deductions…