4 ms·
Often times there are very good reasons for those restrictions, especially when pricing for a drug deviates dramatically from actual R&D / operations costs. Tak
by lilsunnybee 12y ago
Often times there are very good reasons for those restrictions, especially when pricing for a drug deviates dramatically from actual R&D / operations costs. Take the case of orphan drugs:
http://www.forbes.com/sites/johnlamattina/2013/10/05/are-300k-drugs-disruptive-to-the-healthcare-system/ http://www.forbes.com/sites/johnlamattina/2013/10/05/are-300...
Besides runaway pricing, many drugs for which companies are given patents and sole-distribution rights, have already been on the market for decades, just never with proper FDA approval. There are other tax incentives and grants provided as well for reintroducing "new" drugs that were already on the market.
http://apps.seattletimes.com/reports/pharma-windfall/2013/nov/9/mining-rare-diseases/ http://apps.seattletimes.com/reports/pharma-windfall/2013/no...
Makena scandal:
http://en.wikipedia.org/wiki/KV_Pharmaceutical#Makena_pricing_controversy http://en.wikipedia.org/wiki/KV_Pharmaceutical#Makena_pricin...
Many many other drugs with runaway pricing as well:
Armodafinil and Sodium Oxybate for instance
Europeans decide to enforce price controls? Can't say i blame them.