4 ms·

I don't understand what you're implying. A drug requires billions in investment. Why would a company invest billions into a new drug if they can't make that mon

I don't understand what you're implying. A drug requires billions in investment. Why would a company invest billions into a new drug if they can't make that money back?

hittaruki 11y ago
As an example one of the Pharma companies mentioned Novartis is very much profitable. http://www.bloomberg.com/news/articles/2014-10-28/novartis-third-quarter-profit-climbs-on-new-products http://www.bloomberg.com/news/articles/2014-10-28/novartis-t...
- qwerty85344324i 11y ago
  I am still finding it hard to understand this argument. Why do you think pharma companies like Novartis will continue to be profitable if all of their patents and future patents are ignored? Why would any pharma company invest billions into new research when their IP could just be stolen by an Indian generic and sold for pennies on the dollar?
  - joesmo 11y ago
    Because they're still making billions? But hey, we're not making as many billions as we could. Let's just shut it all down for good. Your reasoning is stupid.
    - saint_fiasco 11y ago
      The drugs that make them billions are things like Xanax, Prozac and Viagra. We need to incentivize research into important medicine (ie antibiotics, or something to actually cure AIDS and malaria for good), which is hard because as soon as they develop something actually useful, people refuse to honor their patents.
tim333 11y ago
They can make the billions back from the US, EU etc, not the $1 a day countries.
- saint_fiasco 11y ago
  Problem is, in the developed countries the more profitable drugs are cosmetics, antidepressants and Viagra. That means research into important drugs like antibiotics, HIV and malaria medicine is underfunded.
noselasd 11y ago
He's implying that they already make their money back, and that billions in investment does pay off, even with the existence of Indian generics - and that will continue to hold true in the future. Ofcourse from the big pharmacy side, the generics represents lost opportunities, they want to make more money.
ekianjo 11y ago
> I don't understand what you're implying. A drug requires billions in investment. Why would a company invest billions into a new drug if they can't make that money back? Well pharma companies tend to spend so much money because they are run very inefficiently in the first place. Plus there's the cost of lobbying...
joesmo 11y ago
They make billions regardless of India's patent laws. Why should India let its people die so some company executives somewhere can make a few more billion?

I don't understand what you're implying. A drug requires billions in investment. Why would a company invest billions into a new drug if they can't make that money back?

hittaruki 11y ago

As an example one of the Pharma companies mentioned Novartis is very much profitable. http://www.bloomberg.com/news/articles/2014-10-28/novartis-third-quarter-profit-climbs-on-new-products http://www.bloomberg.com/news/articles/2014-10-28/novartis-t...

qwerty85344324i 11y ago
I am still finding it hard to understand this argument. Why do you think pharma companies like Novartis will continue to be profitable if all of their patents and future patents are ignored? Why would any pharma company invest billions into new research when their IP could just be stolen by an Indian generic and sold for pennies on the dollar?
- joesmo 11y ago
  Because they're still making billions? But hey, we're not making as many billions as we could. Let's just shut it all down for good. Your reasoning is stupid.
  - saint_fiasco 11y ago
    The drugs that make them billions are things like Xanax, Prozac and Viagra. We need to incentivize research into important medicine (ie antibiotics, or something to actually cure AIDS and malaria for good), which is hard because as soon as they develop something actually useful, people refuse to honor their patents.

tim333 11y ago

They can make the billions back from the US, EU etc, not the $1 a day countries.

saint_fiasco 11y ago
Problem is, in the developed countries the more profitable drugs are cosmetics, antidepressants and Viagra. That means research into important drugs like antibiotics, HIV and malaria medicine is underfunded.

noselasd 11y ago

He's implying that they already make their money back, and that billions in investment does pay off, even with the existence of Indian generics - and that will continue to hold true in the future. Ofcourse from the big pharmacy side, the generics represents lost opportunities, they want to make more money.

ekianjo 11y ago

> I don't understand what you're implying. A drug requires billions in investment. Why would a company invest billions into a new drug if they can't make that money back? Well pharma companies tend to spend so much money because they are run very inefficiently in the first place. Plus there's the cost of lobbying...

joesmo 11y ago

They make billions regardless of India's patent laws. Why should India let its people die so some company executives somewhere can make a few more billion?