Late stage attrition is massively expensive - but that isn't the problem.
Late stage attrition wipes billions off a company's valuation - but that isn't the problem.
Late
stage attrition means we spend years working on failing compounds;
years not working on successful compounds. And by working on the wrong
thing we deny access to important cures. The opportunity costs are astronomical.
This, this is the problem.
- Norman Einstein, CEO Scientific Radicals