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Quite. That’s why the US pays for more pharmaceutical and medical device R&D than anyone else. The US is where every pharmaceutical company makes the profits th
by barry-cotter 6y ago
Quite. That’s why the US pays for more pharmaceutical and medical device R&D than anyone else. The US is where every pharmaceutical company makes the profits that incentivize further drug development.
- philjohn 6y agoOr, in the case of Valeant Pharmaceuticals they just jacked the prices up after buying smaller drug companies and getting rid of all the R&D teams ... that doesn't seem to have incentivized further drug development by them, did it?
- zaphar 6y agoYou are speaking of a specific anecdotal experience and he is talking about the industry in aggregate. Neither of you are invalidating the other's point. The actual facts are in support of the posters point: https://www.abpi.org.uk/facts-and-figures/science-and-innovation/worldwide-pharmaceutical-company-rd-expenditure-by-country/ https://www.abpi.org.uk/facts-and-figures/science-and-innova... But your example is a real occurrence of abuse under the US system.