Drug Markup!

[SunsetBengal]

(07-10-2017, 07:59 PM)BenZoo2 Wrote: 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?

But, isn't that why the FDA has relaxed, and done away with some previous regulations?  I mean, not only do we have drugs commercials on TV, begging the question for prospective consumers, but they almost always have a long list of undesirable side effects.  What's up with that?  C'mon, those drug manufacturers are making some serious bank.

How much of that cost to consumers would be alleviated, if the FDA prohibited mass media advertising?  What if we went back to just marketing to Doctors, and let them decide if a product is worthy to push onto patients?