Global health agencies announced Wednesday that generic versions of a groundbreaking injectable drug to prevent HIV will be made available from 2027 at around $40 a year in more than 100 low and middle-income…
The cost of drug development is vastly overstated as an excuse. The reality is $100-200M, but pharma expects $14B++ in returns. Little of that goes back into basic research.
The front end of costs was spent by the NIH, and after that was ended, Pharma is not taking up the slack. It’s not sustainable and pharma will die in a decade.
Yeah, a lot of these drug companies have ad budgets larger than the R&D budget, but any overhead is used to jack up the prices. I swear ads are sold at inflated prices for the sake of being able to sell high.
Just because development of a single drug costs not that much does not mean you don’t need to pay for failed drugs too. If many drugs die during trials someone gotta pay for that. Profitability is a better indicator for greed.
The cost of drug development is vastly overstated as an excuse. The reality is $100-200M, but pharma expects $14B++ in returns. Little of that goes back into basic research.
The front end of costs was spent by the NIH, and after that was ended, Pharma is not taking up the slack. It’s not sustainable and pharma will die in a decade.
Yeah, a lot of these drug companies have ad budgets larger than the R&D budget, but any overhead is used to jack up the prices. I swear ads are sold at inflated prices for the sake of being able to sell high.
Just because development of a single drug costs not that much does not mean you don’t need to pay for failed drugs too. If many drugs die during trials someone gotta pay for that. Profitability is a better indicator for greed.
Gilead’s own words show they aren’t hurting in the least for profits. It’s definitely greed.
You must look at the whole sector as failures sink companies but yes.
I’d like to see some sources on those numbers, I couldn’t find any of that when I searched.