For every billion dollars spent on pharmaceutical research and development since 1950, the number of new drugs approved has fallen by half roughly every nine years, meaning a total decline by a factor of 80. They called this Eroom’s Law, because it resembled an inversion of Moore’s Law.
That’s not a promising statistic and one of the main reasons why the FDA typically approves less than 10 new drugs every year.
via Why Are So Few Blockbuster Drugs Invented Today?
I’m pretty excited to announce that Sherpaa has released our iPhone app. Since day one, we’ve designed our web app for mobile, but now it’s native. It’s pretty nice to get instant notifications that you have a new message from our doctors, or your labs are back, or your medication is ready to pick up, or we found the perfect orthopedist just for you. It’s how healthcare should be. And today, our lovely version of healthcare just got better.