VistaGen Therapeutics, Inc. (VSTA) Tackling Expensive Problem of Drug Failure with Human Clinical Trials in a Test Tube™
With diseases such as Alzheimer’s, type 2 diabetes, and rheumatoid arthritis on the rise, there is a growing need for new and more effective treatments. But as an editorial by the Washington Post on new drug development initiatives by the National Institutes of Health makes clear, the cost of drug development failure is staggering—and widespread. According to the editorial, “taking a drug candidate from early discovery through Food and Drug Administration approval takes a decade and has a 95 percent failure rate.” Plus, with the cost of drug development being known to be able to exceed $1 billion, it is clear…