Notes on economic plants

  title={Notes on economic plants},
  author={R. Mendelsohn and M. Balick},
  journal={Economic Botany},
  • R. Mendelsohn, M. Balick
  • Published 2008
  • Economic Botany
  • Valuing undiscovered pharmaceuticals in tropical forests.--A computational error appears m our manuscript entitled "The Value of Undiscovered Pharmaceuticals in Tropical Forests" (1). Our onginal calculations indicated that the value of undiscovered drugs is worth about $96 rmllion to a pharmaceutical company and that there are approximately 33 to 49 new drugs that a typical company could &scover if it tested all tropical plants. Potential gross revenues would range from $3.2-4.7 billion… CONTINUE READING