posted on Jan, 24 2014 @ 12:37 PM
Here's the problem with drug development as it pertains to the United States. For a company to bring a new drug to market, it costs somewhere in the
neighborhood of about $5-10 billion. One huge reason is the extensive testing and research needed to persuade the FDA to allow its use in patients.
The drawback is pharma companies are for-profit entities, and to recoup their investment, the costs of new medications is exorbitant.
Now, the safety testing, which I admit is by no means perfect, is a by and large a good thing. I want medications as thoroughly tested and their
efficacy proven as much as possible (again, I admit the process isn't perfect). But we all want them to be affordable. The question is how to we
strike a balance? I have no idea.
Drug research and development is so expensive, some classes of pharmaceuticals aren't worked on nearly as much as they should. Antibiotics, which
are becoming more useless with every passing day, has a very small profit margin. Thus, we may seen one or two new ones per year, if we're lucky.
But, anything that can fix wrinkles in a woman's face, re-grow a man's hair, or initiate an erection can be heavily marketed and sold easily- people
place a premium on their vanity.
The Bayer representative pretty much just came out and said what was already known: the wealthier populations in the West allow for medications to
become dirt-cheap in the developing world. That annoys me for many reasons, but especially since there are plenty of Westerners who can't afford the
medications they need. The whole system is just messed up.