Why big pharma co. charge high prices

[Kytro]

Originally Posted by Pro Street

and that would be disaster in a corporate world.

In a free market, companies must adapt. Whoever has the better strategy will be more successful, right ?

[imind]

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.

according to the FDA, patents last 20 years, with the ability to establish temporary 'exclusivity' if statutory requrements are met...

everything you've always wanted to know about medicinal patents and exclusivity but were afraid to ask.

[nbiggershaft]

Originally Posted by ballz2wallz

Want lower drug prices? Want lower medical costs? Why do they charge so much? Who cares if their patents run out?

Here's what happens when people push for these things:



Pfizer is laying off 10k workers and closing 5 facilities. Why? Cause people demand lower prices, and these companies all around the world can't make enough money to continue researching for newer drugs. Finally, we're seeing the results of idiotic policies people want in place to make their lives easier. Hopefully people will wake up before it's too late; asking for unreasonable things will only make their life harder in the end.

What happens when big pharma can't make money and is forced out of business? Who will provide the cures for our world then?

Hrmmmm, demanding lower prices eh, what company do I know of that strong arms producers into lowering their prices that every conservative on LL defends....


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Quote:
Originally Posted by JaJae
She has a shared BJs account. But she doesn't have the room to buy in bulk. The kitchen is about 6x8 and that includes refrigerator, stove, sink and cabinets. No pantry. She has to do her shopping a couple times a week. For people who don't have a lot Walmart is great. And if the employees aren't happy working there, there's plenty of other places in NJ.

Combine that with the 300 generic drugs they just listed they'd sell for $4 a month and I can't see why poorer consumers wouldn't be able to buy more.




10-23-2006, 04:55 PM

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#45 ballz2wallz vbmenu_register("postmenu_51370", true);
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Quote:
Originally Posted by lew
Walmart booooooooooooooooooooooooo



Let's kill it.

Look at what happens to other stores when a Walmart opens up



What, consumers can afford things they othrewise couldn'lt have afforded? Oh the horror!

[ballz2wallz]

Originally Posted by nbiggershaft

Hrmmmm, demanding lower prices eh, what company do I know of that strong arms producers into lowering their prices that every conservative on LL defends....

You're saying Walmart forces producers into lower prices?

And you're comparing businesses doing business to consumers just demanding lower prices because they don't want to pay?

[6SpeedTA95]

Originally Posted by ballz2wallz

You're saying Walmart forces producers into lower prices?

And you're comparing businesses doing business to consumers just demanding lower prices because they don't want to pay?

Comparing wal mart to a development company is ridiculous. Comparing wal mart to consumers is ridiculous

Wal Mart is a business that tries to get lower prices out of its suppliers to give it a competitive advantage.

If Coca Cola gets less money by selling to walmart and they deem it unprofitable then they can quit selling. If Coca Cola can't spend 3 billion dollars on R&D this year no one dies from lack of "coke products".

If pfizer is working on a cancer drug and has to cut funding people are at risk. I think companies should negotiate with drug companies if they think its in their interest. I'm ok with consumers demanding lower prices, but I'm not ok with it being done through government and our government needs to bargain with other coutnries to make sure our companies are not getting screwed and then being forced to pass the buck to us the american people...this is exactly what is happening.

Also if consumers demand lower prices then they have to expect layoffs from this big companies an dthey have to expect much slower development cycles.

[nbiggershaft]

Originally Posted by ballz2wallz

You're saying Walmart forces producers into lower prices?

And you're comparing businesses doing business to consumers just demanding lower prices because they don't want to pay?

Rolling Stone : Wal-Mart Wants $10 CDs
Wal-Mart You Don't Know
Amazon.com: The Wal-Mart Effect: How the World's Most Powerful Company Really Works--and How It's Transforming the American Economy: Books: Charles Fishman

Those are just the top 3 on my google "walmart demands lower prices". You guys are fucking rediculous sometimes.

[6SpeedTA95]

Originally Posted by nbiggershaft

Rolling Stone : Wal-Mart Wants $10 CDs
Wal-Mart You Don't Know
Amazon.com: The Wal-Mart Effect: How the World's Most Powerful Company Really Works--and How It's Transforming the American Economy: Books: Charles Fishman

Those are just the top 3 on my google "walmart demands lower prices". You guys are fucking rediculous sometimes.

You can't see a difference between lower prices on CD's and lower prices on drugs?

[nbiggershaft]

Originally Posted by 6SpeedTA95

You can't see a difference between lower prices on CD's and lower prices on drugs?

A. They have low drug prices which I assume they negotiate as well. I just did a few quick links, becuase he did the laughy smilie at the idea of wal mart forcing lower prices from producers.

B. No, no not really.

C. Wal-mart lobbys and strongarms companies like crazy, all for the purpose of lowering prices on consumer goods(and keeping labor laws down, but that is besides the point). All I can do as a consumer is choose which store I want to buy at. So who between me and Wal-mart can (and does) demand lower prices.

[DosEquis]

There are tons of things wrong with our healthcare system. When it comes to prices of drugs, the US consumer subsidizing the rest of the world is a major culprit and I feel that it is the biggest problem. We pay thousands for a drug so that poorer countries pay under a $100 for some.

Oh, and BTW this is why Pfizer is laying people off. It has absolutely nothing to do with potential negotiations or the government artificially beating down the price.

Pfizer Inc. is at risk of losing 41 percent of its sales to generic competition between 2010 and 2012, according to one analyst.

They have patents running out. Its not the big bad government screwing them over. It is their big bad competition

[6SpeedTA95]

Originally Posted by DosEquis

There are tons of things wrong with our healthcare system. When it comes to prices of drugs, the US consumer subsidizing the rest of the world is a major culprit and I feel that it is the biggest problem. We pay thousands for a drug so that poorer countries pay under a $100 for some.

Oh, and BTW this is why Pfizer is laying people off. It has absolutely nothing to do with potential negotiations or the government artificially beating down the price.

Pfizer Inc. is at risk of losing 41 percent of its sales to generic competition between 2010 and 2012, according to one analyst.

They have patents running out. Its not the big bad government screwing them over. It is their big bad competition

Good post!

We subsidize the rest of the world and that crap has to stop.

They're layin gpeople off for a variety of reasons, including consumers demanding lower prices and the impending fact that government soon will. But you also hit the nail on the head with expiring patents.

[ballz2wallz]

Originally Posted by nbiggershaft

Rolling Stone : Wal-Mart Wants $10 CDs
Wal-Mart You Don't Know
Amazon.com: The Wal-Mart Effect: How the World's Most Powerful Company Really Works--and How It's Transforming the American Economy: Books: Charles Fishman

Those are just the top 3 on my google "walmart demands lower prices". You guys are fucking rediculous sometimes.

Hah, if a company wants to sell their items with Walmart (which they do, cause it means big money for them) then they have to work out business deals with Walmart, negotiating prices. That's why it's called BUSINESS.

[ballz2wallz]

Originally Posted by nbiggershaft

A. They have low drug prices which I assume they negotiate as well. I just did a few quick links, becuase he did the laughy smilie at the idea of wal mart forcing lower prices from producers.

B. No, no not really.

C. Wal-mart lobbys and strongarms companies like crazy, all for the purpose of lowering prices on consumer goods(and keeping labor laws down, but that is besides the point). All I can do as a consumer is choose which store I want to buy at. So who between me and Wal-mart can (and does) demand lower prices.

Businesses negotiating prices are hardly the same as consumers demanding lower prices simply because 'they think they are too high'.

I don't want to pay for my medical care cause it costs a lot! I don't want to pay for my drugs cause they cost a lot! I don't want to pay for my gas cause it costs a lot! I demand the government step in and help me, and force those big companies to lower their prices! If Walmart gives me low prices, so can Merck and Shell!

Give me a fucking break.

[kinggovernor]

if we are going to have an economic thread, the word "demand" has to be used in the proper sense

[DosEquis]

Originally Posted by ballz2wallz

Hah, if a company wants to sell their items with Walmart (which they do, cause it means big money for them) then they have to work out business deals with Walmart, negotiating prices. That's why it's called BUSINESS.

It is kind of tough to compare walmart and the drug companies but..

A lot of times companies like Coke will sell their stuff to Walmart for next to nothing just because it means it is on their shelves (though not that profitable) and generates a large cashflow. Cashflow is one of the foundations required whether its coke, walmart, or pfizer. If the money stops moving the business fails.

It also kind of integrates with brand recognition, market share, and all that jazz. Walmart has an extremely large consumer base. They don't sell cherry coke, but they sell cherry pepsi, what does someone buy and start liking? Cherry pepsi. Next time they go to burger king or a football game...they are thinking cherry pepsi.

[AVengeance]

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. They're making massive, record, profits. Why do they sell their drugs to Canadians for 1/3 of what they sell them for here? Why is it cheaper to buy back drugs made here from Canadians?

It's time we start treating them like a business. They haven't done anything but looked after their own bottom line, which is what they all do, which is something the average American can't seem to understand for some reason.

Treatments does not equal cures.

MKUltra is right- treat them like a business. If everyone starts bitching that Ford is charging too much for a car, what's the solution- subsidize them? Give them more money to R&D their next engine? Fuck that- let them swim or sink.

[nbiggershaft]

Originally Posted by ballz2wallz

Businesses negotiating prices are hardly the same as consumers demanding lower prices simply because 'they think they are too high'.

I don't want to pay for my medical care cause it costs a lot! I don't want to pay for my drugs cause they cost a lot! I don't want to pay for my gas cause it costs a lot! I demand the government step in and help me, and force those big companies to lower their prices! If Walmart gives me low prices, so can Merck and Shell!

Give me a fucking break.

Lets step on the breaks here. What are you talking about when you say demand? Because customer demand generally means to me what they choose to buy. Demanding lower prices for a customer is just a part of economics.

The article certainly seems to be using the word demand to talk about market forces and not government intervention.

[Diesel66]

Originally Posted by imind

according to the FDA, patents last 20 years, with the ability to establish temporary 'exclusivity' if statutory requrements are met...

everything you've always wanted to know about medicinal patents and exclusivity but were afraid to ask.

Now read the part about exclusivity. Because that is all that matters when talking about drugs. Once the generics hit the market, they lose their high profit.

Originally Posted by AVengeance

Treatments does not equal cures.

MKUltra is right- treat them like a business. If everyone starts bitching that Ford is charging too much for a car, what's the solution- subsidize them? Give them more money to R&D their next engine? Fuck that- let them swim or sink.

the opposite is true too. Should the govt step in and demand Ford sell their cars at a much lower price ?

[Kytro]

Originally Posted by Diesel66

the opposite is true too. Should the govt step in and demand Ford sell their cars at a much lower price ?

Only if they are granted a monopoly. If the government protects investments via law then they can also make other demands.