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The orphan drug company sold for a reason. It's a false assumption to assume the product would've continued to be available at the same price indefinitely.
by Consultant32452 9y ago
The orphan drug company sold for a reason. It's a false assumption to assume the product would've continued to be available at the same price indefinitely.
- loceng 9y agoWhich is what I am talking about regarding a lack of a fail-safe, whereby public intervention could takeover and maintain production - so either companies can be honest with their costs and take a reasonable profit, or things move to the fail-safe; what would trigger that mechanism would have to be figured out/decided.
- Consultant32452 9y agoFor out of patent drugs, nothing is stopping you from funding such a fail-safe. The problem is you'll run into the question of is this the most social benefit for your dollar spend. I suspect not, but that's for you to decide.
- loceng 9y agoPerhaps sold because the parent company wouldn't want to be associated with immoral activity like price gouging, however could sell at a higher amount to someone willing to start gouging; who initiates these transactions would also be interesting to look at.
- Consultant32452 9y agoNone of that matters for out of patent drugs. If there's a massive profit to be made here, make it.