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InvisibleMr. Bojangles
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Registered: 04/08/08
Posts: 1,937
Loc: The Dirty
Re: Is It Fair What A Drug Company Charges For A New Treatment? [Re: Simplicitry]
    #19133245 - 11/13/13 08:38 PM (10 years, 2 months ago)

Quote:

Simplicitry said:
This post is not directed to anyone in particular. I'm just throwing this out there. Not even sure it's a good idea, but would lengthing patents of pharmaceuticals lower initial cost of new drugs by allowing the company to recover investment cost over a longer period? Just a passing thought




Unfortunately no.  Part of the inherent risk in this business is failure...actually failure is what happens 100x more often than success, its just the public doesn't see it.  Failures cost money, lots of money as some have noted, and we don't really know where these failures are going to take place or if our next 5 clinical trials are all going to fail in phase 3.  Its all uncertainty, and having money to cover failures is always nice.  Also the more money a company has, the more it can throw to R&D and potentially get a new blockbuster.  Pharma will get every dollar it can out of those extra years.


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"It is dangerous to be right in matters on which the established authorities are wrong."

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