Why big pharma co. charge high prices

[6SpeedTA95]

Originally Posted by MKULTRA

Spare me the sob story for big drug companies. They get hundreds of billions a year in taxpayer money to develop TREATMENTS.

hundreds of billions huh?

[6SpeedTA95]

Originally Posted by Diesel66

because the Canadian taxpayers subsidize it.

And the country negotiates lower prices, leaving the US to foot the bill.

[Diesel66]

Originally Posted by Donkey®

Care to list these "many restrictions?" Care to list the "liberal economic intervention?"

FDA and 5-7 years of expensive testing while the patent only lasts 10 years

[ballz2wallz]

Originally Posted by imind

again, the article is pretty clear that its the competition from generics that is hurting them. should patent laws be changed? is this the arguement?

No, the article is clear in that the generics are pushing them over the edge, but the combination of many things is causing it.

[Pro Street]

Merck seems to be doing fine

just because one company cuts back doesn't mean we should run for the hills

http://www.marketwatch.com/news/stor...C5A39A1DD02%7D

[Pro Street]

Originally Posted by Diesel66

FDA and 5-7 years of expensive testing while the patent only lasts 10 years

that's patent laws, how is this "liberal economic intervention?"

[6SpeedTA95]

Originally Posted by Pro Street

Merck seems to be doing fine

just because one company cuts back doesn't mean we should run for the hills

http://www.marketwatch.com/news/stor...C5A39A1DD02%7D

Merck and Pfizer are both doing well. Merck is a pretty good company from what I've read with great benefits.

[ballz2wallz]

Originally Posted by Pro Street

Merck seems to be doing fine

just because one company cuts back doesn't mean we should run for the hills

http://www.marketwatch.com/news/stor...C5A39A1DD02%7D

Except the Vioxx thing hit them hard.

[kinggovernor]

Originally Posted by Donkey®

Seems to me there IS a demand for lower prices.

of course there is a demand for lower prices, there is in any market.

[Diesel66]

Originally Posted by Pro Street

that's patent laws, how is this "liberal economic intervention?"

Did you miss the part about the 5-7 years worth of testing ?

[hsmith]

Originally Posted by ballz2wallz

Funny; I don't hear you saying that to those that complain of high prices.

It isn't a free market when people demand lower prices.

yes there is.

people will engage in free exchange when they see the benefit of trading their dollars for the product

if the cost of the item is greater than the benefit they perceive from having the money, they will not engage in exchange.

this will cause the company to reduce price or change its practices.

[Pro Street]

Originally Posted by Diesel66

Did you miss the part about the 5-7 years worth of testing ?

oh, right. that's liberal.

If GM starts blaming crash testing on its troubles should we change everythign because one company is having problems?

Should we change everything because one company blames its problems on the testing of medicine? Do you ever think that they have other problems internally and are blowing smoke? Oh wait, they must be right.

[Pro Street]

Originally Posted by 6SpeedTA95

Merck and Pfizer are both doing well. Merck is a pretty good company from what I've read with great benefits.

so what's all this hubub about?

I'm confused.

Should we help business, or should we let the market decide? Because I'm hearing a bunch of doublespeak here on LL.

I hear people that adapt views of principle based upon holding a specific ideology.

I see people on one hand talking about minimum wage hurting the free market system, and yet here I see the complete opposite, essentially wanting a political answer to a corporate problem.

[6SpeedTA95]

Originally Posted by Pro Street

so what's all this hubub about?

I'm confused.

Should we help business, or should we let the market decide? Because I'm hearing a bunch of doublespeak here on LL.

I hear people that adapt views of principle based upon holding a specific ideology.

I see people on one hand talking about minimum wage hurting the free market system, and yet here I see the complete opposite, essentially wanting a political answer to a corporate problem.

What doublespeak?

Pfizer is doing well but to maintain its return on assets and lower prices they have to cut people.

[Diesel66]

Originally Posted by Pro Street

oh, right. that's liberal.

If GM starts blaming crash testing on its troubles should we change everythign because one company is having problems?

Should we change everything because one company blames its problems on the testing of medicine? Do you ever think that they have other problems internally and are blowing smoke? Oh wait, they must be right.

because any other industry is anything close to comparable ?
GM doesnt have to keep its new products off the shelf for most of their production life.

Patents last 10 years. BUT by the time they get to the market, they already ran through 5-8 years of the patent. So they get a very short time to sell on their own then they get raped by generics.

[Pro Street]

Originally Posted by Diesel66

because any other industry is anything close to comparable ?
GM doesnt have to keep its new products off the shelf for most of their production life.

Patents last 10 years. BUT by the time they get to the market, they already ran through 5-8 years of the patent. So they get a very short time to sell on their own then they get raped by generics.

maybe they should lower prices to compete

just like the generics!

[Pro Street]

Originally Posted by 6SpeedTA95

What doublespeak?

Pfizer is doing well but to maintain its return on assets and lower prices they have to cut people.

Maybe they should cut overhead, cut overspending, cut advertising, etc.


Blaming the FDA for all the company's woes is just passing the buck.

[6SpeedTA95]

Originally Posted by Pro Street

Maybe they should cut overhead, cut overspending, cut advertising, etc.


Blaming the FDA for all the company's woes is just passing the buck.

No one is blaming the FDA for all the company's woes. There's a host of reasons that are the problem here that have been discussed in detail in the past.

They could cut advertising, they are cutting overhead (hence the 10,000 jobs) and like most corporations are always trying to avoid overspending but there's probably room for improvement here, there usually is in any large organization.

[Kytro]

Originally Posted by imind

again, the article is pretty clear that its the competition from generics that is hurting them. should patent laws be changed? is this the arguement?

In a free market there would be no patent laws at all. Patent laws are an artificial restriction.

[Pro Street]

Originally Posted by Kytro

In a free market there would be no patent laws at all. Patent laws are an artificial restriction.

and that would be disaster in a corporate world.