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2012

2012
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Pronunciation[2012]

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And the costs of the inefficient, error-prone process that is drug discovery are not only high but increasing. Where Moore’s Law illustrates the cheapening and "easy access" of digitization in many technology fields, the pharmaceutical industry has the cleverly named Eroom’s Law ("Moore" spelled backward), described by Jack Scannell and team in 2012, that shows that the number of new drugs approved by the FDA per billion U.S. dollars (inflation-adjusted) spent on R&D has halved roughly every 9 years.

Slingshot, Orcon and Flip pleaded guilty and were convicted in relation to 13 charges under the Fair Trading Act for conduct that occurred between January 2, 2012 and March 1, 2018.

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