Eroom’s law—that’s Moore’s law backward—observes that the…
““Eroom’s law—that’s Moore’s law backward—observes that the number of new drugs approved per billion dollars spent on R&D has halved every nine years since 1950.””
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Eroom’s law notes that drug discovery costs rise faster than approvals, indicating diminishing returns in pharmaceutical R&D.
In simple terms: Drug approvals are slowing despite higher spending.
Key Takeaway
Rethink R&D strategies.
Themes
innovation
economics
pharma
Mood
analytical
cautionary
Type
observational
inspirational
When to use this quote
- pharma companies
- investors
- policy makers
- scientists
- healthcare systems
Key Concepts
diminishing returns
research efficiency
Questions to Reflect On
- What can reverse this trend?
- How to balance cost and innovation?
A Different Perspective
May overlook breakthroughs from unconventional approaches.