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Market Capitalization – Big Pharma - Milken Institute

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Capitalized Clinical and Total Cost Reductions<br />

from Simultaneous Reductions in all Phase Times<br />

Cost Reduction<br />

30%<br />

25%<br />

20%<br />

15%<br />

10%<br />

5%<br />

0%<br />

0%<br />

5%<br />

Total Cost<br />

Clinical Cost<br />

10%<br />

15%<br />

20%<br />

25%<br />

30%<br />

35%<br />

Phase Time Reduction<br />

40%<br />

45%<br />

50%

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