- About Us
- Career Center
- Nano-Social Network
- Nano Consulting
- My Account
March 4th, 2005
Nano World: Nano to speed drug discovery
Nanotechnology soon could speed the discovery of blockbuster drugs, cutting down the roughly eight to 12 years and $900 million it takes currently to develop a new pharmaceutical, experts told UPI's Nano World.
"A new drug addressing a disease previously without an effective remedy has the potential to generate a revenue of $1 billion per year. It is a classic winner-take-all industry, as the first mover with a revolutionary new drug usually takes over 75 percent of the market -- even years after initial discovery," said Nelesh Patel, an associate analyst with NanoMarkets, a research firm in Sterling, Va.
|Related News Press|
Molecular trick alters rules of attraction for non-magnetic metals August 5th, 2015
Global Carbon Nanotubes Industry 2015: Acute Market Reports August 4th, 2015
Using DNA origami to build nanodevices of the future September 1st, 2015