Raising drug prices because they can

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Lots of people on here supporting the drug companies. Or are making excuses.
But back to the original topic, that is raising prices just because they can. More profit. More profit. More profit. It is nothing more than old fashioned greed. The people who suffer are those who need the product the most.
The bottom line for the medical industry and the drug companies should be to help people who are ill to get better. Not to maximize their profits.
People don’t need the lastest IPhone.
But there are some drugs that people who have limited incomes need.
If you go across the US-Mexico border or the US-Canada border, check out the drug prices. They are significantly lower. Why are the lower? Because the government negotiates with the drug companies to keep the prices in line.
This is the way things are done in Europe, the Far East, and most every place outside of the United States.
 
I am directly involved in the process in the industry and my experience indicates that the hidden costs people outside don’t see who want free medicine is due in large part because of the crushing regulations.
 
po18guy said:
Point being that many of us here are alive solely because a drug company took an immense risk and either developed a product sufficiently to submit it for human trials, or actually succeeded and brought it to market.
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When my mother was diagnosed with melanoma in 2011 there was only one drug that was being used - interferon. It was the only thing melanoma patients had for decades. Now there are multiple viable treatments for advanced stage melanoma.
 
DeniseNY said:
When my mother was diagnosed with melanoma in 2011 there was only one drug that was being used - interferon. It was the only thing melanoma patients had for decades. Now there are multiple viable treatments for advanced stage melanoma.
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When Benlysta was approved, it was the first medicine EVER approved specifically for lupus. And the first in over 50 years to be approved for the treatment of lupus. So other than drugs designed for other things, we were stuck with a drug approved over 50 years ago.

Developing drugs cost money.
 
DIERM said:
What I have learned after 23 years in the bio-pharma business:
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I think the criticism stems from US consumers being forced to bear the brunt of these expenses while foreign nationals reap the benefits, including greater access to generics
 
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JoeFreedom said:
I am directly involved in the process in the industry and my experience indicates that the hidden costs people outside don’t see who want free medicine is due in large part because of the crushing regulations.
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Yeah, I would agree, with greater regulation comes greater cost. Whether those would be “crushing” or not, I guess it depends on the specific regulation or requirement you may be speaking to. So for example, it is expensive to perform daily cleaning and sanitation in order to provide a high level of confidence that production areas are suitable for manufacturing of drugs or medical devices; however, this is a necessary cost. Is it a necessary cost though to retain physical documents for up to 10 years after the expiry of a drug (as the JP requires)? Probably not.
 
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This is one of the reasons so many people go on medical tours and I can’t say I blame them.
 
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It’s a very big part of the problem. Onerous taxes and regulations, and the difficulty of protecting patents outside the United States.

It’s also Unconstitutional. It should be abolished for that, alone.
 
OK, so don’t buy their stuff!

Think about that one.

No matter who we are dealing with, we are actually dealing with fallen human nature. From the military-industrial complex, to “big pharma” to oil company price-fixing, to shrapnel blasting airbags in cars to you name it.

Fallen human nature.
 
How is it they say, while the pill on your table may cost a few cents, the first one cost millions.
 
I’d prefer not to be specific for two reasons. First I’m typing on my phone and I’m slow at it. Second I do not want to provide any details about where I work.
 
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