Re: Time & Dems
With all due respect to those with ailments or loved ones who do, well, I probably shouldn't do this, but...<br /><br />I work as a consultant to big pharma. There's a saying I have adopted. If you can't afford to take it, don't buy it. No one forces you to take any prescription.<br /><br />Research costs HUNDREDS of MILLIONS of dollars for each successful launch. Testing is so extensive because our litigious society will put pharma out of business if the drugs are not safe. The FDA dictates the cleanliness of the facilities which result in astronomical construction costs just to build the buildings and laboratories to research, test, manufacture and package prescription drugs. At the end of the day, stockholders (AKA all of us if you own any mutual funds) dictate that as capitalists, we need to make money. And big pharma needs big money because it can't compete in research AND manufacturing against generics who only manufacture... which means we will loose research, and what drugs we have today is all we'll ever have. It's much more complex than this, but that's the simplified version.<br /><br />Since Canada has socialist laws capping prescription costs, it's cheaper there. We sell to them because we still make a profit, albeit one that does not support additional research. That burden falls on our free capitalist society, fair or not. Socializing American prescription drug plans by limiting costs is a disastrous concept, one that will yield far fewer wonder drugs that we have seen in recent years.<br /><br />Big pharma is just another capitalist business venture. Like anything else, if the price of their product is too high, there will be no demand. Despite the high prices, there is plenty of demand, and therefore sells at a profit, with a rollover for future research costs typically in the vicinity of 20-25% of revenue. Stockholders are happy, employees are happy, research gets better, better drugs are delivered, and its good business.<br /><br />Prescription drugs are like another can of peas. As cruel as it sounds, if you can't afford it, don't buy it.
With all due respect to those with ailments or loved ones who do, well, I probably shouldn't do this, but...<br /><br />I work as a consultant to big pharma. There's a saying I have adopted. If you can't afford to take it, don't buy it. No one forces you to take any prescription.<br /><br />Research costs HUNDREDS of MILLIONS of dollars for each successful launch. Testing is so extensive because our litigious society will put pharma out of business if the drugs are not safe. The FDA dictates the cleanliness of the facilities which result in astronomical construction costs just to build the buildings and laboratories to research, test, manufacture and package prescription drugs. At the end of the day, stockholders (AKA all of us if you own any mutual funds) dictate that as capitalists, we need to make money. And big pharma needs big money because it can't compete in research AND manufacturing against generics who only manufacture... which means we will loose research, and what drugs we have today is all we'll ever have. It's much more complex than this, but that's the simplified version.<br /><br />Since Canada has socialist laws capping prescription costs, it's cheaper there. We sell to them because we still make a profit, albeit one that does not support additional research. That burden falls on our free capitalist society, fair or not. Socializing American prescription drug plans by limiting costs is a disastrous concept, one that will yield far fewer wonder drugs that we have seen in recent years.<br /><br />Big pharma is just another capitalist business venture. Like anything else, if the price of their product is too high, there will be no demand. Despite the high prices, there is plenty of demand, and therefore sells at a profit, with a rollover for future research costs typically in the vicinity of 20-25% of revenue. Stockholders are happy, employees are happy, research gets better, better drugs are delivered, and its good business.<br /><br />Prescription drugs are like another can of peas. As cruel as it sounds, if you can't afford it, don't buy it.