3 ms·
This is wrong. The companies are making profits abroad (example, insulin costs $6 to produce and in Canada they sell for $36). If you are claiming American cons
by mempko 7y ago
This is wrong. The companies are making profits abroad (example, insulin costs $6 to produce and in Canada they sell for $36). If you are claiming American consumers are paying for research via high drug prices, this is wrong too, since most of the research is funded by the government via universities and other orgs. In other words, US citizens AND the rest of the world can have low drug costs.
- losvedir 7y agoEr, no? Drug companies spend on average about $1-2 billion in R&D per new drug[0]. [0] https://www.sciencedirect.com/science/article/pii/S0167629616000291 https://www.sciencedirect.com/science/article/pii/S016762961...
- mempko 7y agoHow is this a good thing ? Corporate research is more susceptible to bias and their focus is on what's profitable. What incentive do they have on making drugs that cure vs those thay address symptoms?
- dv_dt 7y agoAnd they spend even more or marketing which is allowed only in the US and few other nations.
- chimeracoder 7y ago> And they spend even more or marketing which is allowed only in the US and few other nations. No, most marketing is not direct-to-consumer marketing. Marketing absolutely is allowed in Europe, as evidenced by the massive amounts of money that drug companies spend on marketing within Europe.