Posted by Phil on May 28, 2012, at 13:22:24
In reply to is anyone actually impressed with drug companies?, posted by poser938 on May 23, 2012, at 16:52:40
I have respect for the scientists / researchers. I think that they would give anything to "cure mental illness." I think that there's competition between the people to get there first.
If they found a magic cure all, that would give the suits a predicament. Say it's one pill for one month and you're done. How much could they get for that one pill? Let the spin begin.
I have always had trouble with US prices of meds vs other countries. Do we look like we can afford a higher price in the US.
And, Big Pharma has the highest profit margin of any industry. I used to work retail and those store mgmt would have killed for those margins. If they are so over-priced just to fund research, then why are their profit margins so high. They spend it all on research, great. You still have the highest gross margins
If I was Congressman(I'm too ethical)from my first day till my last I'd go after Big Pharma. It's like the elephant in the living room.
I could write forever on those people.
They aren't funding research, they're paying lawyers and settling lawsuits.
Life is good.