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Drugs can be massively expensive to make with some needing many decades of work so it makes sense they are sold for a lot to gain back that investment. The only issue is if they don't drop the price after they have recouped the cost and profit they needed. Capitalism strikes again.
This only has legs if they’re developed without being largely government funded, which to my understanding isn’t true for a lot of drugs.
I think they'd justify that by saying they need to ensure the funds they need for future research on other breakthrough treatments. This is not entirely baseless, but just another nail in the coffin for why medical research shouldn't be funded primarily through capitalist methods.
400000% markup seems a bit excessive
@possiblylinux127 @WhoIzDisIz
Reasonably priced recreational drugs:
the 3 addictive powders: $10/oz, pure
Weed: $100/lb
You could actually earn plenty of money at half these prices, but I made allowances for sin taxes.
Have you seen how much it costs to develop novel drugs? It's definitely a bit excessive, but also probably not as much as you think.
Agreed
A condition of public funding should be that aggregate internal rate of return, exclusive of executive team remuneration, should be published and capped, verified by independent audit.
The patent eventually expires and then the generics come out more cheaply.
There's a generic for Revlimid out now, in fact.
It doesn't look like it is going to be any cheaper
In the United States. Elsewhere in the world it's significantly cheaper.
Don't worry, the government subsidies a huge portion of that research already.