2 ms·
It means more drugs can be profitably be taken to market. This increases competition and lowers prices when multiple drugs can treat the same condition.
by SamReidHughes 12y ago
It means more drugs can be profitably be taken to market. This increases competition and lowers prices when multiple drugs can treat the same condition.
- timonovici 12y agoHow does that increases competition? And you turn around the idea at at the end: you say it would be more profitable to make certain drugs, and then you say it would lower the prices , which will make (obviously) less profitable to make/sell those same drugs. So which one is it?
- SamReidHughes 12y ago> How does that increases competition? See the comment I already made: more drugs can be brought to the market because the cost is lower. > you say it would be more profitable to make certain drugs, and then you say it would lower the prices , which will make (obviously) less profitable to make/sell those same drugs. So which one is it? Lower production costs increases profits and price competition lowers profits (passing savings onto the consumer).