> new drugs approved per dollar of R&D has fallen for decades, even as our scientific tools have grown vastly more powerful, the exact opposite of what the existence of more raw capability would predict

Can we please stop using X per dollar as a metric over long periods of time?

Inflation causes exponential price increases, so almost everything would be expected to have its "per dollar" yield decrease over time...

The chart in the article is inflation adjusted.

The chart literally says it accounts for inflation