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> There is very little financial incentive to push consumers to buy drugs they don’t need. I have to disagree: Homeopathics and Viagra. In general I am in fa
by csdreamer7 8y ago
> There is very little financial incentive to push consumers to buy drugs they don’t need.
I have to disagree: Homeopathics and Viagra.
In general I am in favor of this change, but homeopathy and vitamins are 'generic' and companies see a huge incentive to sell them, even if we do not need them. Supplemental vitamins are mostly wasted when you urinate.
Viagra is another drug I can (and do) see a lot of money spent to encourage people to take even if they do not need it.
- refurb 8y agoThe margins on homeopathic are way higher than generic drugs and there is a ton of competition among manufacturers. Most generic companies make their profit off the first 6 months of exclusivity. The rest of the time they are barely breaking even (hence the drug shortages).
- csdreamer7 8y ago> Most generic companies make their profit off the first 6 months of exclusivity. The rest of the time they are barely breaking even (hence the drug shortages). I read that it was due to factory outages and the government keeping tight control over production of controlled substances. The FDA actually forced Pfizer to give up their quota this year to other manufacturers because they didn't produce enough of it due to their factory outages. It seems more like a large business playing hardball with the government and insurers than a lack of profit. Also, you need to provide proof of your assertion of generics barely breaking even. I just glanced at Mylan who sells generics. They bring in 2B a year in operating cash flow on 12B in revenue.