Drug Discovery Model Today

Significant Time and Huge
Investment Needed for Success

  • Drug development takes significant time, resources and has a low success “hit rate”
  • On average it takes 10-15 years and $2.6 billion to develop a drug; with ~$1.0 billion attributed to discovery and pre-clinical development(1)
  • FAR Biotech’s novel technology drastically reduces the time and cost for hit-to-lead generation across hundreds of therapeutic targets associated with diseases of high, unmet clinical need

(1) – including the cost of failures; Sources: Pharmaceutical Research and Manufacturers of America; Tufts Center for Drug Development