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The $800 Million Pill


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Table of Contents

Introduction Part I. Biohype 1. The Longest Search 2. Rare Profits 3. The Source of the New Machine Part II. Directed Research 4. A Public-Private Partnership 5. The Divorce 6. Breakthrough! 7. The Failed Crusade? Part III. Big Pharma 8. Me Too! 9. The $800 Million Pill 10. The Future of Innovation Notes Bibliography Acknowledgments Index

About the Author

Merrill Goozner is former Chief Economics Correspondent at the Chicago Tribune. Winner of six Peter Lisagor Awards, Goozner is a contributing editor for The American Prospect. His work has also appeared in the New York Times, Washington Post, Boston Magazine, Columbia Journalism Review, Washington Monthly, Fortune Small Business,, and, among other publications.


"American expenditures on prescription drugs doubled between 1990 and 2000 and currently account for close to ten percent of total healthcare costs. Concerns about availability to seniors and the poor have led many to question these high costs, which pharmaceutical companies have always justified as necessary to spur the creation of new and better drugs. In this well-researched book, Goozner, former chief economics correspondent at the "Chicago Tribune, disputes these claims. He chronicles the actual clinical process by which new drugs come into being, from basic scientific research on disease processes conducted at universities and government labs to the synthesis of new chemicals."--"Library Journal

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