3 ms·
So two valid arguments to have: drug discovery, & whether 'market incentives' give us cheaper & more drugs. My main point is looking at this holistically profi
by dillondoyle 6y ago
So two valid arguments to have: drug discovery, & whether 'market incentives' give us cheaper & more drugs.
My main point is looking at this holistically profit is a huge % and a terrible incentive for both what drugs are pushed and trialed and how much they can gouge us to benefit their shareholders.
Gilead is 79%... More than 2x apple. [1]
That is ethically wrong.
Government already funds (most seems like this research article sats? [2]) early stage research e.g. discovery. Then the drug companies take the best looking candidates but they have gross incentives to pick the most potential profit, not the most benefit to society (like HIV a so far lifetime disease where our lives are dependent on this medicine) - why pay to research a prodrug or big stage 3 trial on a drug you cant make money on.
In terms of 'market incentive' on the manufacturing side manufacturing costs themselves are tiny [4] and if anything my intuition is it has a net negative effect on quality. these companies try to penny pinch and push the every lessoning government oversight to its limits & offshore production with dangerous JIT supply chains and single source failures. Plus Republicans refuse to allow the government to negotiate or 'interfere' with 'the market' in the name of 'market incentive' kudos to trump to buck the party though.
and it also seems setting up a non-profit is currently hostile by the system our government has concocted because of pharma lobby & their ad persuasion $ [3]
https://statista.com/statistics/473429/top-global-pharmaceutical-companies-gross-margin-values/ https://statista.com/statistics/473429/top-global-pharmaceut...
https://www.ncbi.nlm.nih.gov/books/NBK50972/ https://www.ncbi.nlm.nih.gov/books/NBK50972/
https://waxmanstrategies.com/wp-content/uploads/2020/01/Nonprofit-Pharmaceutical-Companies-White-Paper.pdf https://waxmanstrategies.com/wp-content/uploads/2020/01/Nonp...
https://gh.bmj.com/content/3/1/e000571 https://gh.bmj.com/content/3/1/e000571