From: "The Fool" <[EMAIL PROTECTED]> Reply-To: Killer Bs Discussion <[EMAIL PROTECTED]> To: "Killer Bs Discussion" <[EMAIL PROTECTED]> Subject: Re: new wonder drug scours arteries clean Date: Tue, 4 Nov 2003 17:09:03 -0600
> From: Dan Minette <[EMAIL PROTECTED]> > > From: "The Fool" <[EMAIL PROTECTED]> > > > And pharmacutical corporations are still evil greedy vile money woshiping > > pigs, only developing therapies they can patent. > > You don't think you are evil, right Fool?
What is evil?
These malicious corporations that could develop all kinds of medical treatments, but instead only develop ones they can patent, are the true essence of evil.
And what's your point? That they should pour billions of dollars into research, labs and basic research annually for purely altruistic reasons? That's either an incredibly optimistic or naive argument.
The most recent estimates indicate that it takes on average of $800 million and 15 years of research for a pharmaceutical company to develop a new drug. Plus, almost 75% of potential drugs fail at some point during testing and that costs approximately 2 billion dollars annually. Most of those failures are only discovered pretty late in the process, too, which means that said company has wasted time and money trying to develop a drug that isn't ever going to make them money. For every 1000 drugs submitted to the FDA, do you know how many pass clinical trials? One. You do the math.
I do believe the price markup on drugs is WAY too damned high. But imo, you'd have to be a fool to think they would do it out of the goodness of their hearts. Even if they *wanted* to, it would be impossible.
Jon
Le Blog: http://zarq.livejournal.com
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