3 ms·
I have worked in pharma drug development and manufacturing in the past (and am again as of a month ago) and I would say: "yes... it is moreorless true that the
by cashsterling 4y ago
I have worked in pharma drug development and manufacturing in the past (and am again as of a month ago) and I would say: "yes... it is moreorless true that the US is subsidizing the cost of pharmaceuticals in other markets."
At one place I worked, our general manager literally said, in a meeting, that if too much Canadian product crossed over into the US market, the company would stop selling to Canada. US prices for our drugs were higher than every other country in world, often times by 3x or more. Almost every other country in the world, besides the US, negotiates price as part of the drug approval process.
It is insane that the US continues with the status quo.