4 ms·
you also need to cover the cost of the 100 drugs that failed at various stages of the pipeline. Not saying that it's not a screwed up industry, but stories lik
by rapatel0 3y ago
you also need to cover the cost of the 100 drugs that failed at various stages of the pipeline.
Not saying that it's not a screwed up industry, but stories like these distort the problem as well
- kittiepryde 3y agoAre the people running drug companies barely scraping by?
- ecocentrik 3y agoNot nearly as much as they claim they are. The system is basically rigged in their favor. Just compare the financial statements of companies like Ford and Boeing to Eli Lilly and Novo Nordisk. Pharma does very good business.
- rapatel0 3y agoObviously not, but my general experience with conversations like these is that people never do the math. If we split the profits across all of the people that "deserve reimbursement" you usually end up with a few dollars per person. Definitely, not enough to make a meaningful impact. Additionally, the American consumer subsidizes R&D and costs for the rest of the world. America routinely pays 5x-20x more for drugs than other countries and American grants account for >50% of worldwide medical research funding (caveat: the last time I checked). Yup, even Europe is a fraction of what America pays. I would encourage you to actually do the math and decide for yourself rather than taking (or anyone else's) word for it.
- GoodJokes 3y ago[dead]