A pharmaceutical company is applying Lean principles to drug development Requirements Calculate the Research and Development (R D) Cost per Drug for a project that spent $10,000,000 over 5 years and produced 3 successful drug candidates Recommend strategies to reduce R D costs Discuss how reducing ...

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A pharmaceutical company is applying Lean principles to drug development. Requirements: Calculate the Research and Development (R&D)

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A pharmaceutical company is applying Lean principles to drug development.
Requirements:
- Calculate the Research and Development (R&D) Cost per Drug for a project that spent $10,000,000 over 5 years and produced 3 successful drug candidates.
- Recommend strategies to reduce R&D costs.
- Discuss how reducing R&D costs aligns with Lean principles in pharmaceutical research.