Research and Development in the Pharmaceutical Industry
www.cbo.gov › system › filespanies spend on R&D: expected global revenues from a new drug; cost to develop a new drug; and federal poli-cies that affect the demand for drug therapies, the supply of new drugs, or both. What Are Recent Trends in Pharmaceutical R&D and New Drug Approvals? The pharmaceutical industry devoted $83 billion to R&D expenditures in 2019.