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Market Capitalization – Big Pharma - Milken Institute

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Mean Approval Time for New Biologics<br />

1994-2004<br />

Mean Approval Time (Months)<br />

35<br />

30<br />

25<br />

20<br />

15<br />

10<br />

1<br />

1994<br />

2 9 10<br />

1995<br />

1996<br />

1997<br />

Total number of new<br />

biologics approved<br />

each year<br />

9<br />

1998<br />

5 6 8 9 14 2<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004

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