5 ms·
I have heard from the same Industry people you work in that the pricing of the drug generally has nothing to do with the cost of the research or trials for that
by ramraj07 3y ago
I have heard from the same Industry people you work in that the pricing of the drug generally has nothing to do with the cost of the research or trials for that particular drug but instead just what the market will be willing to pay for it. There’s a reason humira has till ozempic been the most profitable drug - not because it was cheap to research but it was in the perfect niche where it can be charged an insane amount and a large population could pay for it.
Thanks for putting the disclaimer. But your argument is still not convincing that pharma industry has no fundamental moral backbone (a reason I left it after my PhD).
- golergka 3y ago> I have heard from the same Industry people you work in that the pricing of the drug generally has nothing to do with the cost of the research or trials for that particular drug but instead just what the market will be willing to pay for it. If people are not willing to pay at least as much as research costs, the drug certainly won't get created.
- reedciccio 3y agoWhat's the cost of research though, since so much of it is (at least partially) public funded? It's not an easy answer.
- llamaimperative 3y agoBasic research is well-subsidized by the public (and IMO should get paid royalties if there was a good way to track attribution), but the vast majority of a drug’s cost is in its development, specifically the clinical trials.
- cactusfrog 3y agoPeople seeking to maximize profit are not in favor of expensive clinical trials and are not lying about how expensive they are.