Silver Book Fact

Each new drug approved between 1970 and 1991 saves an average of 11,200 life-years in 1991.

Lichtenberg, Frank R. Longer Living Through Chemistry. The Milken Institute Review. Feb-2004; 1st quarter

Reference

Title
Longer Living Through Chemistry
Publication
The Milken Institute Review
Publication Date
Feb-2004
Authors
Lichtenberg, Frank R

Categories

  • Innovative Medical Research
  • Human Value

Related Facts

  • New medicines, or “new chemical entities” accounted for 40% (0.8 years) of the two-year gain in life expectancy seen in 52 countries from 1986-2000.  
  • New Medicines Account for 40% of Increase in Life Expectancy  
  • Between 1980 and 2000, annual age adjusted per person health care costs increased by $2,254 (102%) but were accompanied by significant health gains including: a 16% decline in annual death…  
  • Increased longevity added about $3.2 trillion per year to national wealth between 1970 and 2000, an uncounted value equal to approximately 1/2 of the average annual GDP during that period.  
  • Each new drug approved between 1970 and 1991 saves an average of 11,200 life-years in 1991.