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starfire_xes
I Am 'They'



Registered: 10/24/09
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Is It Fair What A Drug Company Charges For A New Treatment?
#19100290 - 11/07/13 12:31 PM (10 years, 3 months ago) |
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I just got back from my doctor, I will be getting both the new drugs Semepriver and Sofosbuvir for the treatment of HCV. Now, they are not FDA approved to be used together, but using them together is the Holy Grail of HCV treatments so I will be in a study for both of them. SO far studies with the combo has been ruuning 95~100% cure rates in HCV treatments, while either alone runs 50 to 80% for all forms and stages of HCV.
The insurance company will only pay for one of the two. The cost? $85,000 per drug for the twelve week treatment. So I will get one for free and my insurance will pay for one in the study.
Before you answer 'is it fair' be aware that Gilead Pharmaceutical shelled out 11 Billion of their own money for Sofosbuvir before they even got to FDA.
Two other issues: Insurance won't pay for the most effective treatment if not FDA Apprved. Also, the FDA takes forever to approve these drugs when there are people dropping like flies who need the drugs right now.
Discuss.
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Enlil
OTD God-King




Registered: 08/16/03
Posts: 65,987
Loc: Uncanny Valley
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Re: Is It Fair What A Drug Company Charges For A New Treatment? [Re: starfire_xes]
#19100554 - 11/07/13 01:25 PM (10 years, 3 months ago) |
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Quote:
starfire_xes said:
Yes, the drugs are really expensive when they first come out. Why? Because they have to recover their research costs.
Quote:
starfire_xes said: Before you talk about pharmaceutical companies ''make higher profits' and 'charging more' I want to ask you if you know how much money Gilead Pharmaceuticals Spent--UP FRONT, before they make even a dime, or get FDA approval, for the new hepititis C drug Sofosbuvir? (It works well too)
Once you find that information out come back and tell me if it is fair or not whether they are going to charge a lot of money for it. Remember, a pharmaceutical company can spend Billions up front front to develop a new drug, only to have years and money wasted because the Government decides the drug isn't safe. That's a HUGE risk they take, so, what is fair? 
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Neller
Stranger

Registered: 10/18/13
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Loc: kentucky
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Re: Is It Fair What A Drug Company Charges For A New Treatment? [Re: Enlil]
#19103432 - 11/07/13 11:10 PM (10 years, 3 months ago) |
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First off, I wish you well with your treatment. It doesn't sound like that bad of a deal and at least you have an option.
As for the pharm:
"Before you answer 'is it fair' be aware that Gilead Pharmaceutical shelled out 11 Billion of their own money for Sofosbuvir before they even got to FDA." -starfire_xes
They shelled that money out because they are good investors. They knew they had something that people would die for, go into debt for, rob a bank for, etc. They attained that 11 bill the same way they are going to attain the next 11+ bill. Feeding off of sick peoples' desperation. Look what accutane was able to get people to swallow just to have clear skin.
Pharm companies are shady business.
My sister-in-law was doing some kind of research with a certain medication and she sent the information back to the company. She said a few weeks later they sent her a letter stating that they expected results xyz and she reported only y. She went back through her work and there was no mistake. So she wrote back to them explaining that there was no mistake.
Apparently they did this a couple more times and she finally went to her boss and said, "I've done everything correctly and they keep sending me these letters". Her boss then closed the door behind her and explained that they were trying to get the data they need to get their product on the market.
-------------------- "If there’s one generational difference I notice between my parents’ generation and mine, is that my generation values time over money. And not because we’re lazy either, but because we’re not willing to trade time with the people we love most for a gold watch at retirement." -BRETT Reaching for heaven is what I'm on earth to do.
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Synthe
Gatorade me, bitch!



Registered: 11/10/12
Posts: 7,961
Loc: Three bags of Funyuns
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Re: Is It Fair What A Drug Company Charges For A New Treatment? [Re: Enlil]
#19116301 - 11/10/13 06:01 PM (10 years, 3 months ago) |
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Quote:
Enlil said:
Quote:
starfire_xes said:
Yes, the drugs are really expensive when they first come out. Why? Because they have to recover their research costs.
Quote:
starfire_xes said: Before you talk about pharmaceutical companies ''make higher profits' and 'charging more' I want to ask you if you know how much money Gilead Pharmaceuticals Spent--UP FRONT, before they make even a dime, or get FDA approval, for the new hepititis C drug Sofosbuvir? (It works well too)
Once you find that information out come back and tell me if it is fair or not whether they are going to charge a lot of money for it. Remember, a pharmaceutical company can spend Billions up front front to develop a new drug, only to have years and money wasted because the Government decides the drug isn't safe. That's a HUGE risk they take, so, what is fair? 
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Mush4Brains
LOOL HACKED!!!

Registered: 07/31/13
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Re: Is It Fair What A Drug Company Charges For A New Treatment? [Re: Synthe]
#19116329 - 11/10/13 06:06 PM (10 years, 3 months ago) |
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Fair to who?
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zappaisgod
horrid asshole


Registered: 02/11/04
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Re: Is It Fair What A Drug Company Charges For A New Treatment? [Re: Mush4Brains]
#19116537 - 11/10/13 06:42 PM (10 years, 3 months ago) |
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What's fair?
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Mush4Brains
LOOL HACKED!!!

Registered: 07/31/13
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Re: Is It Fair What A Drug Company Charges For A New Treatment? [Re: zappaisgod]
#19116566 - 11/10/13 06:47 PM (10 years, 3 months ago) |
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fair fe(ə)r/ adjective
1. in accordance with the rules or standards; legitimate.
adverb
1. without cheating or trying to achieve unjust advantage.
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zappaisgod
horrid asshole


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Posts: 81,741
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Re: Is It Fair What A Drug Company Charges For A New Treatment? [Re: Mush4Brains]
#19116596 - 11/10/13 06:52 PM (10 years, 3 months ago) |
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So it means nothing in this context?
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Mush4Brains
LOOL HACKED!!!

Registered: 07/31/13
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Re: Is It Fair What A Drug Company Charges For A New Treatment? [Re: zappaisgod]
#19116627 - 11/10/13 06:59 PM (10 years, 3 months ago) |
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It depends on what your view of what "unjust advantage," "legitimate," and "standards" mean.
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Enlil
OTD God-King




Registered: 08/16/03
Posts: 65,987
Loc: Uncanny Valley
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Re: Is It Fair What A Drug Company Charges For A New Treatment? [Re: Mush4Brains]
#19116669 - 11/10/13 07:08 PM (10 years, 3 months ago) |
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Drug companies are improving and saving lives. They should make a healthy profit doing it.
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zappaisgod
horrid asshole


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Posts: 81,741
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Re: Is It Fair What A Drug Company Charges For A New Treatment? [Re: Mush4Brains]
#19116706 - 11/10/13 07:14 PM (10 years, 3 months ago) |
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Quote:
Mush4Brains said: It depends on what your view of what "unjust advantage," "legitimate," and "standards" mean.
Well......................
Here, read this little story by Vonnegut
http://www.tnellen.com/cybereng/harrison.html
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Mush4Brains
LOOL HACKED!!!

Registered: 07/31/13
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Re: Is It Fair What A Drug Company Charges For A New Treatment? [Re: Enlil]
#19116731 - 11/10/13 07:19 PM (10 years, 3 months ago) |
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Quote:
zappaisgod said:
Quote:
Mush4Brains said: It depends on what your view of what "unjust advantage," "legitimate," and "standards" mean.
Well......................
Here, read this little story by Vonnegut
http://www.tnellen.com/cybereng/harrison.html
No.
Quote:
Enlil said: Drug companies are improving and saving lives. They should make a healthy profit doing it.
What is the difference between healthy and exorbitant?
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zappaisgod
horrid asshole


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Re: Is It Fair What A Drug Company Charges For A New Treatment? [Re: Mush4Brains]
#19116743 - 11/10/13 07:21 PM (10 years, 3 months ago) |
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They should get what they can.
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Mush4Brains
LOOL HACKED!!!

Registered: 07/31/13
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Re: Is It Fair What A Drug Company Charges For A New Treatment? [Re: zappaisgod]
#19116758 - 11/10/13 07:23 PM (10 years, 3 months ago) |
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Then companies in India should be able to rip off the formula and sell it to me for cheaper. I should be able to get what I can too.
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Enlil
OTD God-King




Registered: 08/16/03
Posts: 65,987
Loc: Uncanny Valley
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Re: Is It Fair What A Drug Company Charges For A New Treatment? [Re: Mush4Brains]
#19116773 - 11/10/13 07:26 PM (10 years, 3 months ago) |
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Quote:
Mush4Brains said What is the difference between healthy and exorbitant?
That line is determined by supply and demand.
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Enlil
OTD God-King




Registered: 08/16/03
Posts: 65,987
Loc: Uncanny Valley
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Re: Is It Fair What A Drug Company Charges For A New Treatment? [Re: Mush4Brains]
#19116788 - 11/10/13 07:28 PM (10 years, 3 months ago) |
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Quote:
Mush4Brains said: Then companies in India should be able to rip off the formula and sell it to me for cheaper. I should be able to get what I can too.
No, you should pay what the developer is charging or do without. What makes you think they owe anyone anything?
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Mush4Brains
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Re: Is It Fair What A Drug Company Charges For A New Treatment? [Re: Enlil]
#19117146 - 11/10/13 08:37 PM (10 years, 3 months ago) |
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So corporations should be able to make however much money they can make from something, but I shouldn't be able to save however much money I can on something?
Wow.
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Enlil
OTD God-King




Registered: 08/16/03
Posts: 65,987
Loc: Uncanny Valley
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Re: Is It Fair What A Drug Company Charges For A New Treatment? [Re: Mush4Brains]
#19117168 - 11/10/13 08:39 PM (10 years, 3 months ago) |
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Not by cheating them out of their patent rights.
According to your logic, you should be able to have a Corvette if you can steal one...After all, think of the money you'd save.
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Mush4Brains
LOOL HACKED!!!

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Re: Is It Fair What A Drug Company Charges For A New Treatment? [Re: Enlil]
#19117192 - 11/10/13 08:44 PM (10 years, 3 months ago) |
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Comparing life saving drug treatments to a Corvette?
If I wanted to buy a knock off Corvette from China I don't see why that's a problem.
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johnm214


Registered: 05/31/07
Posts: 17,582
Loc: Americas
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Re: Is It Fair What A Drug Company Charges For A New Treatment? [Re: Enlil]
#19117194 - 11/10/13 08:45 PM (10 years, 3 months ago) |
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Quote:
Enlil said:
Quote:
Mush4Brains said: Then companies in India should be able to rip off the formula and sell it to me for cheaper. I should be able to get what I can too.
No, you should pay what the developer is charging or do without. What makes you think they owe anyone anything?
But they are using the government to enforce their monopoly rights on the chemical, so there is some argument that the public is owed something in return. The taxes provide money, of course, but no more than other companies that don't get monopoly rights.
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