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Message
Trump to Big Pharma - "We are going to end Global Free-Loading" - BOOM!
Posted on 1/31/17 at 8:47 am
Posted on 1/31/17 at 8:47 am
Live on CNBC now.
We are going to streamline the FDA, but we have to lower drug prices. "We are going to end Global Free-Loading."
Will link when a link is available.
ETA:
We are going to streamline the FDA, but we have to lower drug prices. "We are going to end Global Free-Loading."
Will link when a link is available.
ETA:
quote:
TRUMP: I think you know most of my team and you folks have done a terrific job over the years, but we have to get prices down for a lot of reasons. We have no choice. Medicare, Medicaid we have to get the prices way down so that's what we're going to talk about.
We need to streamline the process, so that, from your standpoint, when you have a drug, you can actually get it approved if it works, instead of waiting for many, many years.
The U.S. drug companies have produced extraordinary results for our country but the pricing has been astronomical for our country. We need to do better. New drugs have led to longer, healthier lives, we all know that but we have to do better accelerating cures, we've been focused on accelerating FDA. We'll get the approval process much faster.
One thing that has always disturbed me, they come up with a new drug for a patient who is terminal and the FDA says, 'we can't have this drug used on the patient.'
But they say that the patient within four weeks will be dead. They say, 'Well, we still can't approve the drug. And we don't know if the drug works or if it doesn't work, but we can't approve the drug because we don't want to hurt the patient.' But the patient is not gonna live more than four weeks!
So we'll be changing a lot of the rules -- a lot.
We're going to be ending global free loading. Foreign price controls reduce the resources of American drug companies to finance drug and R&D innovation. I think you people know that very well. Very unfair to this country.
Our trade policy will prioritize that foreign countries pay their fair share for U.S.-manufactured drugs so our drug companies have greater financial resources to accelerate the development of new cures. And I think it's so important. But right now, it's very unfair what other countries are doing to us.
One thing I really want you to do a lot of -- I've seen this over the years, but a lot of the companies have moved out. They don't make the drugs in our country anymore. A lot of that has to do with regulation. A lot of it has to do with the fact that other countries take advantage of us with their money and their money supply and devaluation because we don't know anything -- our country has been run so badly, we know nothing about devaluation. Every other country lives on devaluation.
LINK
This post was edited on 1/31/17 at 10:01 am
Posted on 1/31/17 at 8:50 am to NC_Tigah
Does getting rid of regulation not open the door for more dangerous drugs on the market?
Posted on 1/31/17 at 8:50 am to NC_Tigah
quote:
streamline the FDA,
Very good.
As far as reducing cost of treatments, we need to be careful. Many companies invest much of their profits into R&D. Short term cost relief can slow down breakthroughs.
Posted on 1/31/17 at 8:51 am to hendersonshands
quote:
Does getting rid of regulation not open the door for more dangerous drugs on the market?
Every drug ever recalled was first approved by the FDA.
Posted on 1/31/17 at 8:52 am to Aubie Spr96
Yeah, I know that the FDA has still let shite get through, I guess I just need to see what kind of regulating they plan on doing.
Posted on 1/31/17 at 8:52 am to hendersonshands
quote:
Does getting rid of regulation not open the door for more dangerous drugs on the market?
Penn Jillette made an interesting point on this. There have been cases where delayed release of a new drug has cost people their lives, so it makes sense to balance the risks of releasing drugs too early with releasing them too late. Right now the slide is tilted entirely in favor of releasing drugs too late.
ETA: At least I think it was Penn....it may be someone else.
This post was edited on 1/31/17 at 8:55 am
Posted on 1/31/17 at 8:52 am to the808bass
The part where he says drugs being held up by FDA that could help Patients with about 4 weeks to live, is going to be addressed. This is way too much common sense, I see why the left is losing their minds....
Posted on 1/31/17 at 8:53 am to flyAU
quote:
As far as reducing cost of treatments, we need to be careful. Many companies invest much of their profits into R&D. Short term cost relief can slow down breakthroughs.
Also wouldn't want to hurt the advertising industry because much of their profits go to marketing new drugs.
Posted on 1/31/17 at 8:53 am to hendersonshands
quote:
Yeah, I know that the FDA has still let shite get through, I guess I just need to see what kind of regulating they plan on doing.
Drug companies, to remain drug companies, probably don't want a reputation of killing their customers.
Posted on 1/31/17 at 8:54 am to NC_Tigah
Let's start with removing Big Pharma from TV ads.
Posted on 1/31/17 at 8:54 am to Teddy Ruxpin
quote:
Drug companies, to remain drug companies, probably don't want a reputation of killing their customers.
Yeah, I'm not saying they're going to purposely sabotage their customers
Posted on 1/31/17 at 8:54 am to NC_Tigah
Time to sell the Pharma Stocks
Posted on 1/31/17 at 8:56 am to CptRusty
Regulation of better clinical data isn't bad but the FDA taking 10 months to review a drug application is pathetic. Expedited review is like 6 months. It should be 6 months regular review and 3 months expedited. I don't know what takes so much time but there is bound to be red tape throughout. The clinical data is the most important part.
Posted on 1/31/17 at 8:58 am to MrLarson
quote:
Let's start with removing Big Pharma from TV ads.
Yup. This will help us lowwe their cost so we can put in some pricing rules
Posted on 1/31/17 at 8:59 am to flyAU
quote:Hence the importance of his statement, "We are going to end Global Free-Loading."
Many companies invest much of their profits into R&D. Short term cost relief can slow down breakthroughs.
R&D is essential.
Funding R&D is essential.
However, the funding of R&D solely on the backs of US taxpayers (while the rest of the 1st World literally pays nothing) has to stop.
Why in the world should an identical medicine sold in the UK or the EU cost 8X-to-10X less than it does in the US?
This post was edited on 1/31/17 at 9:00 am
Posted on 1/31/17 at 8:59 am to hendersonshands
quote:
Does getting rid of regulation not open the door for more dangerous drugs on the market?
Yep, Trump is going to abolish the FDA and prescription companies will be able to peddle anything they want. Scary times huh?
Posted on 1/31/17 at 9:00 am to hendersonshands
quote:
Does getting rid of regulation not open the door for more dangerous drugs on the market?
Like those FDA approved opiates?
Posted on 1/31/17 at 9:01 am to MrLarson
quote:
Let's start with removing Big Pharma from TV ads.
does this mean i won't see that sexy lady seduce me into buying more viagra? i don't know about this.
Posted on 1/31/17 at 9:02 am to Hugo Stiglitz
quote:
Also wouldn't want to hurt the advertising industry because much of their profits go to marketing new drugs.
I do agree but these "normally" are consumer driven drugs. Most real breakthrough type of treatments are never seen on a commercial.
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