General Discussion
In reply to the discussion: Who here thinks drug companies (pharmaceuticals) are altruistic... [View all]AmyStrange
(7,989 posts)-
I can't really believe they're fixing prices, but the 10% that are making money do make me wonder though.
This five to seven years to make their money back is probably part of the problem, and these generic companies that sell their product for less are taking advantage w/o paying for the R&D is just wrong.
Some companies even get extended patents (according to another poster here), and some also manipulate prices of the drugs after they expire when there's no competition (according to Bloomberg).
In conclusion, this extended patent and the expired price manipulation doesn't sound right, although, I really do believe five to seven years to make their cost back is outrageously too short a period of time to do it.
It should be extended to twenty years, with the provision that they justify their prices openly and completely, including what all the ACTUAL cost of developing the drug were or are.
What do you think? Is this feasible?
Anyway, thank you for the link and also being kind enough to supply it.
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