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You mean that stuff costs stuff? OMG what a revelation!!! I used to think that stuff just rained down from the sky like manna, and it was just the man keeping us down. I never imagined that it actually cost resources and time for a farmer to grow food or a researcher to develop a new drug. Man, I was fooled, thinking that, in order to produce something, someone else had to invest time and resources. Now that you inform me it grows on trees, I will adjust my outlook on life. #! I'm not moving any more, bring my food to me.
Of course they are in it for the money,
that is how capitalism works.
Simple. Because they did not have to pay for the research and development, they have no QA so you risk contaminated medicine, and there is no recourse and no lawsuits if you have a bad reaction. If you want all of these safeguards, it will increase cost. IF you are willing to accept more risk and less accountability, then it will be cheaper, but I know that those who cry about evil corporations do not want to accept more risk for a cheaper product. It is just hyperbole.
You are absolutely correct but that doesnt make a difference in my argument. There are different parameters and costs for the FDA to even take a whiff of your drug however NONE of them will equal out to 1000X more the lowest parameters cost. The difference in price will be under 5mil when you factor in FDA fees + additional hoops to jump through. I just watched a company drop 3.5m into a trade show for a new heart drug they were hoping to release only to find out THE DAY of the show that it wont clear. Literally just WASTED 3.5mil to promote a drug to other pharmaceutical employees.
Exactly. In your example they lost 3.5 million in a SINGLE day when a drug they thought will clear, doesn't. Multiply that by the dozens of drugs a year that don't clear and the hundreds of millions of dollars they spend on each and every drug that doesn't clear and that they have to recoup that on the single drug that does clear and you might understand why the cost is so high.
originally posted by: amatrine
So they have finally found a cure. A pill you take for 12 weeks. Some will need 24 weeks. Low side effects, the same as an aspirin. The FDA will approve this drug very soon.
My husbands father died from this. It is exciting news, but the makers want $1,000 a PILL!
I understand that they need money for their research , etc, but this is way out there!!!
So many people denied something that can save their life because of price. People are thinking that insurance companies will no cover it, unless your in end stage liver failure, which at the point you can not undo the liver damage.
Good news for the future when the patent runs out, but bad news for those who need it now.
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