Sunk Cost Advantage
What Is Drug Repurposing? Finding New Uses for Existing Drugs and Why It Matters to Investors
Some of the most significant drug approvals of the past decade came not from entirely new molecules, but from existing drugs — already approved, already manufactured, already understood — that were found to work in entirely new diseases. Drug repurposing, also called drug repositioning, is the systematic effort to find new therapeutic applications for compounds…
