The Dawning Age of Biology
In the news November 9, 2026
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In 2012, Jack Scannell, a pharma industry expert, coined the term “EROOM’s law.”
Eroom’s law stated that the number of new drugs approved per billion US dollars spent on R&D has halved roughly every 9 years since 1950, an 80-fold decrease in inflation-adjusted terms.
In short, it has taken more money year-on-year to bring each new drug to market.
https://timmermanreport.com/2026/11/the-dawning-age-of-biology/