3 ms·
it is a half baked truth. pharma want you to believe trials are expensive so they inflate crazily their costs to price their drugs high. but at the end when u t
by ousta 7y ago
it is a half baked truth. pharma want you to believe trials are expensive so they inflate crazily their costs to price their drugs high. but at the end when u try to sell them software they dont look at the inflates costs of trials be sure of that
- skwb 7y agoCosts don't drive prices. Demand does. I'll be the first to admit that pharmaceutical economics is not simple (lots of externalities, asymmetry of information, etc.), but in the long run costs do matter, and so does price. Best example is Solvaldi, which initially sold for ~$100,000 per treatment. It's much much down (~$65,000) once Merk came online with their hep C competitor. Prices do matter, and while the market is easily distorted, it's not immune to the laws of economics.