Clinical Failure Rates over the Decades: Yikes

> I’m fond of saying that the most important single statistic about the drug industry is the clinical failure rate, which is (by any reasonable standard) appallingly high.

He starts off on the wrong note, there is nothing at all wrong with a high rate of clinical failures. If anything, the reasonable argument standard might be that this rate is too low. It implies researchers are trying things that they expect to have a 10% chance of working out. That means we're missing out on all the cures and techniques that have a 1% chance of working out but but nonetheless do work.

Failed attempts cost society nearly nothing and successes will have compounding benifits for, y'know, lets optimistically say the human race survives for centuries. 1% or 0.1% success rates sound completely reasonable with that sort of lopsided risk profile. There isn't much of a reason not to try anything and everything that has the faintest chance of helping and see what happens.

Roughly equivalent to the percentage of startups that fail.

Lower numbers don’t mean we’re doing better, it means we’re trying less.

I'm actually surprised it isn't going up over time. That is naively what you would expect as the low-hanging fruit is plucked. So the fact that it's been stable is probably a sign that scientific advances are roughly keeping pace with the (presumably) increasing challenge of finding ever more targets for drugs.

As someone who works in research, this isn’t surprising at all. It’s hard to find something that treats (well most often reduces symptoms) of a particular disease. It’s even more difficult to find something that is also safe at the dose level it takes to treat said disease. Are there faster ways to do this? Probably not. AI is only going to help out so much, just like automated drug screening only helped so much since its introduction in the 90s.

This is completely unsurprising, and this:

But let’s think about that 91% failure rate for a moment. When I bring this up in presentations, I invite the audience to consider what the auto industry would look like of 91% of new car designs proved unable to roll out of the factory, or if 91% of new airliner models were unable to leave the ground

Is an utterly irrelevant comparison. For physical thing we have engineering, and the practical application of the trades and craft, trial and error.

For modern medicine, we're only just starting to come out of the wild west era. Or perhaps slightly further along than that.

There's an alternative that is slowly emerging. Many clinical trials "fail" but the drug candidate in question works really well for identifiable subsets of the participants. Right now pharma companies won't bother pursuing those drugs because they can't market it broadly. But it's still possible these drugs could help people in the future.

Why does he conclude there is no alternative? He already argued this would be strange in other disciplines. So reform it.