4 ms·
Drug research is expensive and drug companies aren’t charities
by gymbeaux 3y ago
Drug research is expensive and drug companies aren’t charities
- Jotra7 3y ago[dead]
- deleted 3y ago[deleted]
- bugglebeetle 3y agoExcept that they generally rely on the charity of public institutions and funding to do their research for them, so…
- albert180 3y agoExcept that most of the research part gets done by public universities. They just do the approval studies
- deleted 3y ago[deleted]
- asadotzler 3y agoPrivate doesn't beat public "massively" but probably comes out around 2:1. I'd say that's "solidly" but certainly not all the way to "massively". Further, that's a lot of public money, and there are plenty of private drugs that came out of that money.
- gottorf 3y ago> They just do the approval studies Idea, meet execution.
- asadotzler 3y ago15-30% of pharma costs is marketing.
- xeckr 3y agoDoctors and the sick have to find out about your drug somehow.
- asadotzler 3y agoDoctors can follow industry news and inform patients.
- xeckr 3y agoNow imagine your business had to fully rely on this strategy to reach its market.
- asadotzler 3y agoI'm fine with businesses dealing in human rights having a few more hoops to jump through.