Drug Markup!

[BenZoo2]

(07-10-2017, 06:01 PM)Au165 Wrote: Right, they get 12 years of market exclusivity on average where they are legally allowed to price gouge on life saving products, but not everywhere only in the U.S. . I think your missing the point. If they need to recoup all that money, why do drugs cost x percent more in the U.S. ? They will blame regulators but many believe it is because they can get away with it. In other countries, especially those that use state based healthcare systems, they are called out on it and price them more reasonably.

I am not missing the point.  I think you're trying to make a different point.  The fail ratio of drugs developed and not approved is very high.  It costs millions of dollars to advance a drug through each step of the clinical process.  That money is gone if the product is not approved.  Not to mention reps will leave if they don't see a pipeline of products to sell.  They are not price gouging, they are charging what they market will allow them too.  Its up to the market to correct it.  I don't deny prices are high and artificailly inflated somewhat.

If faced with a life threatening illness you want to take the drug or complain about the price?