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Pfizer says it will price Covid treatment Paxlovid at nearly $1,400 for a five-day course, which researchers estimate only costs Pfizer $13 to produce.
That's a 10,000%+ markup. Shameful.
I’m personally of the opinion that all medical research should be tax funded. But given our current situation, if you tell these companies to ‘eat the loss’ they will simply stop producing new medicines.
Pharma companies spend a majority of their time trying to make new unique drugs, they just fail most of the time. The ones that succeed tend to be ones that are similar to ones that succeeded in the last, which is why you get multiple drugs in the same class, but it’s not all they do. For example, we’ve essentially cured some types of cystic fibrosis, and there’s an effective vaccine for malaria now - all developed in the last 10 years.
I don’t want to pretend that the big pharma companies aren’t evil, but they do have incentives that align with improving human health.
By that same logic: it costs a couple of cents to burn a dvd or to transfer a few gigabytes, yet games costs $60.
All the commenter above you is saying is don’t mix up the cost to develop with the cost to mass produce,
I’m going to be unreasonable because I don’t like the ethics behind Pharma companies.
They should eat the loss; their research was healthily subsidised by the taxpayer
I’m personally of the opinion that all medical research should be tax funded. But given our current situation, if you tell these companies to ‘eat the loss’ they will simply stop producing new medicines.
Oh no, whatever will we do if old dudes can’t have 6 different types of boner pills?
Pharma companies spend a majority of their time trying to make new unique drugs, they just fail most of the time. The ones that succeed tend to be ones that are similar to ones that succeeded in the last, which is why you get multiple drugs in the same class, but it’s not all they do. For example, we’ve essentially cured some types of cystic fibrosis, and there’s an effective vaccine for malaria now - all developed in the last 10 years.
I don’t want to pretend that the big pharma companies aren’t evil, but they do have incentives that align with improving human health.
It’s real easy to sit on the sidelines and spew hate. Not much of a life though.
Oh stop. The government should be running the pharaceutical industry then, not private companies.
Stop simping for evil corporations that don’t give a shit about you.
Game DVDs are not lifesaving drugs.