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Right up there in the annals of multinational corporations doing heinous things in the name of obscene profits comes the response of the German-based Bayer to India's unprecedented ending of the pharmaceutical giant's monopoly for a new, insanely expensive anti-cancer drug Nexavar - a brave move that allows a small Indian drug company to make a generic version of the drug that regular poor sick people can actually afford. One year of treatment with Nexavar, used largely in liver and kidney cancer cases, costs $96,000 in the U.S. and $69,000 in India, or 41 times the per capita income; India's Natco Ltd. made it for $177 a year.
Outraged Bayer officials charged the Indian action allowing poor people to have their fancy drug was "essentially theft" and they will damn sure explore their legal options to the ends of the (white people's) earth to "defend our intellectual property rights." We know all about turning the other cheek and meeting hate with love, but still: May they one day need medicine they cannot get.
"We did not develop this medicine (Nexavar) for Indians," said Bayer CEO Marijn Dekkers at a little reported pharmaceutical conference. "We developed it for Western patients who can afford it."
This is probably because after spending all the millions/billions it costs to develop the drug, places like India and Australia have laws on the books that will allow them to simply strip a drug's patents and open it immediately to generic production if they deem the finished costs too expensive.
There is no protection of intellectual property at all. So why should the company take its medications to those countries again if they cannot expect any return on their investment and will have their intellectual property pirated and potentially sold out from under them everywhere across the globe by others who will make pure profits off of something they did no work to develop?
It represents a major loss on the balance sheet, a potential total loss.
But I guess if the company goes bankrupt ... then we can just expect no new drugs at all. After all, the generic producers aren't making anything except what they're taking from the big dogs who can afford to put the time and effort into R & D.
reply to post by charles1952
They will sell it for far less than you ever could," what do you think their corporate response would be, or should be?
Helping the sick should NOT be about profit!
Drug companies should all be brought under state control, that way the greedy shareholders and execs are removed from the cost of production meaning cheaper health care for EVERYONE!
reply to post by VoidHawk
As I asked FyreByrd, do you think that should only be true about medicines, or also food? Maybe textbooks which are needed to pull people out of poverty? No others come to mind right at the moment, do you have other products or industries in mind?
If you invent something that changes lives for the greater good of our species it should be at an affordable price. If they are so upset about it being stolen why would they trust it entering into foreign countries.
It just goes to show what Bayers real agenda is. Only the wealthy should be healthy.
Do we as a society have a moral code? I wonder what it looks like? And "we as a society." Does that mean the government?
Morally I find it reprehensible that we as a society
I'm confused. "We as a society" are concerned about the acquisition of profit? I think you mean that it is the duty of corporations to give away their products it will save someone's life. It may be the corporation's duty, but society doesn't think it's theirs. How many millions could we have saved in Africa with clean water and rehydration fluids. Starvation around the world is a huge problem. But we, as a society, won't give up money to save those lives. We simply insist that corporations give up theirs.
should deny you a drug that could save your life merely because you can't afford it. It places a greater value on the aquisition of profit than the value of a human life.
Humanity is doomed if we don't have socialized health care throughout the world.
Healthcare for profit is failing our civilization, if we want to advance as a species then I believe we need to rethink the healthcare for profit 'business model.'
Several drug companies have gotten together to hide the fact there are cheap solutions to many diseases. If one of those companies started to use that information, they would own the pharmaceutical world, but none do.
I firmly believe that many types of cancer and diseases like diabetes and HIV can be cheaply cured but that information is withheld or discredited so a few elite companies can continue to make outrageous profits.
Always? Every generic is a huge blessing for the poor, in a health care for profit system.
This is exactly why health care for profit will always fail the common person.
I was under the impression that a good chunk of the clinical research that goes into this is subsidized by tax payers in the United States either via direct grants to do much of the research, a lot of research being done by graduate students that make a pittance, or through massive tax breaks.