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re: Treatment for infant muscle wasting disease to hit market. potential price: $2 million

Posted on 5/7/19 at 6:30 am to
Posted by mylsuhat
Mandeville, LA
Member since Mar 2008
48958 posts
Posted on 5/7/19 at 6:30 am to
Seems cruel but these people don't work for free either



ETA: I'm not saying it's right, this is 100% because they know the insurance companies will either cover it or the government will subsidize it. It's a cruel circle
This post was edited on 5/7/19 at 6:39 am
Posted by dawgsjw
Member since Dec 2012
2114 posts
Posted on 5/7/19 at 8:17 am to
quote:

Seems cruel but these people don't work for free either

So their reasoning for the price is justified? No one is making them give it out for free (but that is a entirely different subject), but the only reason why the price is so high is based off the potential of that baby and not the actual cost to make the medicine. Also is this where we want medicine to go (it is already down this path for sure), where people produce medicine with their primary goal of not helping/curing people but to maximize their profits. True medicine shouldn't be able making profits but about helping/saving lives.
Posted by Byron Bojangles III
Member since Nov 2012
51874 posts
Posted on 5/7/19 at 12:57 pm to
quote:

Seems cruel but these people don't work for free either
you're right they get government grants
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 5/7/19 at 3:08 pm to
quote:

this is 100% because they know the insurance companies will either cover it or the government will subsidize it. It's a cruel circle


Wrong

This is 100% due to the fact that this medicine coat a lot to develop AND is a low utilization med.
If a Rx costs $2B to develop, but will only have a few thousand users per year...this is what happens.
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