3 ms·
With pharma I think the main "cost" involved is about the risk of investment. It takes billions of Dollars to potentially make billions of Dollars from a single
by bayesian_horse 10y ago
With pharma I think the main "cost" involved is about the risk of investment. It takes billions of Dollars to potentially make billions of Dollars from a single product. More likely you invest hundreds of millions of Dollars with no return at all.
It takes a special kind of company, almost a bank, to stomach that kind of risk. And this extraordinary risk also demands extraordinary rewards.
Medical technology isn't really the same thing.
- frozenport 10y agoThe assessment of pharma isn't true, and is evidenced by their high profit margins along with price difference between different markets - same exact thing is substantially cheaper in the EU than in the USA.