3 ms·
> There are examples of drug prices coming down because of competition. Hepatitis C drugs are a great example. Launched at almost $90K, they now hover around $4
by fucking_tragedy 7y ago
> There are examples of drug prices coming down because of competition. Hepatitis C drugs are a great example. Launched at almost $90K, they now hover around $40K because there are multiple companies competing on price (the drugs are all very effective).
That price is less than $500 in India. Generics in the US are estimated to cost the consumer $200[1].
[1] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4946692/ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4946692/
- refurb 7y agoThat's because the drug is priced based on relative purchasing power. If the drug cost $500 in the US, it would have been a net loss investment in the first place.