Imagine getting life-saving drugs to sick people without relying on big pharma? We may have found a way

  • 📰 GuardianAus
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 98%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

An NHS trust’s attempts to bring a crucial drug to market itself is hopeful news for patients, says Dr Catriona Crombie of the medical charity LifeArc

ealthcare should make people’s lives better. That fact can hardly be contested. Yet for some patients with rare diseases, commercial interests are dictating who gets to access life-saving treatment and who doesn’t. Pharmaceutical companies have long been driven by global demand and the potential for the highest profits. In the past two decades, the market has exploded: pharma revenues worldwide. For patients with common conditions, this investment in healthcare can only be good news.

Investment decisions by pharmaceutical companies are complex and influenced by many factors, including policy and regulatory frameworks, upfront costs and clinical feasibility. Even if a drug is proven to be an effective treatment for disease, is shown to be safe and is expected to generate millions of pounds a year, sometimes it’s not enough for a company to justify the investment.

The good news for women: a drug to limit hot flushes. The bad: it could cost you £430 a month | Devi SridharWe are also seeing many drugs for treating rare diseases being dropped or paused in their development because of concerns over their commercial viability.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Medical device companies pay millions to NHS while pushing products, says studyPharmaceutical equipment firms are funding NHS staff and training while promoting sales
Source: GuardianAus - 🏆 1. / 98 Read more »