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Have you guys seen this article ? Pretty interesting
Started by UES Girl
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That's ridiculous, especially if it doesn't cost the manufacturer that much to make the drug.
But hey, people don't want government controls on healthcare, so they need to recognize what they're getting into with unregulated healthcare pricing.
But hey, people don't want government controls on healthcare, so they need to recognize what they're getting into with unregulated healthcare pricing.
Nothing very shocking about pharmaceutical company greed. They charge what they can, because they can.
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Actually, its government intervention that lead to this company being exclusive manufacturing rights (translation: monopoly). Before this it was less regulated and thus dirt cheap.
Coming from industry, the only thing I would add is all of the stupid asses want the best drugs, but they don't want to pay for it. This situation from KV is wrong. However, the next time somebody bitches about the cost of drugs, think about the FDA regs, EPA regs, UDSA regs, pre-IND, IND, NDA apps, REMS, p-IV trials, I could keep going on (I'm in regulatory affairs if you haven't guessed by now). What would prevent this is longer patent life with the promise to lower drug costs.
Maybe we'll be seeing more Prometrium as a vaginal suppository prescriptions?
I highly doubt drug companies would take longer patents if it meant lowering drug costs.
The sad thing is that this raises the cost of everyone's insurance and health care. It's nice to have something available that's consistent (provided every compounding pharmacy did not follow the same recipe) and has the trials needed to show it's actually useful. But not at such a huge, ridiculous expense. I understand drug companies need to recoup costs of failed drugs, but this is a way to make nice profits for the shareholders and the CEOs.
Personally, I think some sort of government drug "company" that can perform the trials on drugs already on the market (like colchicine, this compounded drug, etc.) might be a better solution. I don't know how that would work for a compounded drug, but if the trials were out there in the public domain, then maybe generic companies could market it and/or compounding pharmacies should still be allowed to make it. This "company" could also do research on non-patentable compounds (i.e. natural components) and for things like antibiotics, which don't always bring the highest profit (unless you charge $10,000 for the course of therapy, that is).
Thoughts?
That is the dumbest ****ing thing I've read all day. Like blaming the woman for being raped because she wore revealing clothes and the man couldn't help himself.
The drug needed a standardized dose and manufacturing process. It's not the act of regulating it that is the problem. The problem is that there isn't enough government. If the government set some sort of rational price controls in situations such as this, the people would have a more standardized drug, the company could make a decent profit, and the people would still have a drug at a more reasonable price.
How about letting more than 1 company sell this thing? I would be very surprised if the price stays this high if there were 4-5 companies selling it.
Only one company has made the effort of gaining approval thus far.
That's how it works whenever something begins to become regulated. Someone is always first. And even if more than one was on the market, they usually don't undercut each other that much and establish an oligopoly on the item. The thought that the free market is some sort of "kind, benevolent force that brings down prices for everyone" is pretty much bull**** in the real world. Capitalists will always scheme together to use their collective economic leverage to screw everyone else on the planet if and when they can get away with it. That's why they need regulated and why government is good when used correctly. They added no real value to the product other than consistency in manufacturing and need compensated for only the value that they bring. Which certainly isn't 4 figures per patient-month.
This. Drugs are much cheaper in Canada because we have lots more gov't intervention in drug pricing.
Reminds me of those silly people who blame gov't intervention for the financial meltdown, totally ignoring those countries whose economies suffered less because their gov'ts maintain tighter control on the financial sector.
Given the opportunity, the invisible hand of the market will pick your pocket.
Hmm... I've said something similar about gas prices... it's like a collective idea to all raise prices at the same time to gouge people.
