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An Examination of the Fama and French Three-Factor Model Using Commercially Available Factors

โœ Scribed by Faff, R.


Book ID
124075238
Publisher
SAGE Publications
Year
2001
Tongue
English
Weight
1012 KB
Volume
26
Category
Article
ISSN
0312-8962

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## Abstract In a widely cited article, DiMasi, Hansen, and Grabowski (2003) estimate the average preโ€tax cost of bringing a new molecular entity to market. Their base case estimate, excluding postโ€marketing studies, was $802 million (in $US 2000). Strikingly, almost half of this cost (or $399 milli