Research is pricy! And so are drug discovery projects! However, we try to minimize the financial risk by segmenting the costs with multiple milestones. In the first phase, we typically generate, characterize, then perform the initial drug screening on worms. This process usually costs between $120,000 and $150,000 CAD. If we get any promising data from this phase, we will budget the next steps that are highly variable for each project. Our patient partners help fund the up front costs of a project, and in return they own a percentage of the upside of any commercial deal that results from their successful clinical trial.
How much does a project cost?
