When faced with what’s been called a once-in-generation pathogen, would we rather have a robust commercial drug industry or not? Brilliant, creative people scattered throughout companies and universities working to be the first to a solution or not? Investors looking to back promising research, or not?
Consider the current crisis. The costs of the “medieval” methods we are using to try to control the coronavirus virus are unimaginably high—shutting down swaths of the economy, throwing millions out of work, disrupting air travel and the free movement of people. Gross domestic product could drop 5 percent or more this quarter.
With the coronavirus, there’s an incredibly vast pool of people who will want the vaccine, meaning it can be priced accordingly. Since so many companies are chasing a vaccine, there will almost certainly be competition, putting further downward pressure on the price. If a company doesn’t have a period of protection for its intellectual property when it can reap the market benefits, much of this research would dry up. And who’s going to step up and fill the gap?
Pharma lobbyist porn here. Taxpayers pay for R&D. Pharma pays for ads, kickbacks to drs. & lobbyists.
Yes, and they are crooks.
Every time they come with some 'exciting' news about discoveries in health and medicine I think of how researcher gets public funding and they solution to millions of people health problems sold for ridiculously high profits... like the guy who was a crook that sold aids medicine
But price gouging is another matter. Many of them get taxpayer money for their research!!!!!
Marxologian
Marxith Beliefs
Marxodian
Counterpoint: profit is literally fucking theft
The people running drug companies ARE crooks and we should put them in jail hth
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Corporate theft.
This'll show those free-loading Marxoidists!
lmao that neologism took my breath away 😂🤣😭
Politico today!
absurd.
Watch a TEDTalk just once in your life.
Marxoid
imagine being so indoctrinated in neoliberal bullshit you think greed is the only thing that motivates people
FAIRmediawatch
Of course writers name is rich lmao
Berinie and his political bullshit , he is the China lover that caused this virus ! Developers of germ war fair should be shut down thru out the world 🌎 we don’t need this in the world. But Berinie favors Iran , China , North Korea , Cuba, Russia! But Blames trump !!
“Marxoid?”
Neoliberal excuses, I mean explanations...no, excuses-all the way down the margins. This tagline could have been lifted from any banana republic ever
The cost per pill is less than 1% to produce. But it is ok to charge over $300 per pill in the name of capitalism?! Where is the line between a profit margin and outright greedy human-killing theft?! There must me a line - and we’re demanding the govt to draw it.
actually i think you'll find that property is theft
Absolute drivel!
Marxoid
If you actually believed Bernie that pharma companies are raking in gobs of money, why wouldn’t you quickly put your entire 401k into pharma stocks. You’d be a company owner. In reality, pharma’s return on equity is actually right in the middle of all industry sectors.
The politico clown parade at it again 🤡🤡🤡🤡
🙄
you can fuck right off, if the public funds the research pharma companies shouldn't be able to profit off them
Profits pay for R&D.
So it's ok for a pharma company to develop a drug, sometimes with government funding, and then charge 600% more than they need to turn a profit because the system is broken and allows them too?
Except that the vast majority of drugs in use were funded by the NIH, not profits.
Politico, your take on this is beyond disgusting. People do not do things solely for profit. And in fact, profit is rarely a motive for doing GOOD things. It's more often a motive for negligence, cruelty and deceit. As you prove here.
thats a bad opinion
Now talk about insulin.
I’m unfollowing Politico. Just done with the undisciplined “range” of your articles, headlines. This has to be the stupidest...in the past week. Whatever decent reporting you have done? I no longer care. Bye.
Those therapies are not created to cure the patients, they are to stretch the treatment as long as possible to make more money. Pharma companies are crooks
We need to bring our medicine production back to the US. We rely on other countries to produce our medication, cheap labor. Yet the pharmaceutical companies continue to charge us outrageous amount of money for our drugs. There 72 factories that are outside the US. 13 in China
Is marxoid a word? Wouldn’t it be marxist? This is so distracting it makes me question this piece entirely
This is a hitpiece on Sanders written by pharma executives. Principal investors of new drug development are tax payers, the government and philanthropic orgs. It's publicly funded R & D. Pharma corporations are the ones that need to stop free riding - corporate socialism.
Not to mention the absence of pharmaceuticals if they disappear.
let’s not forget that Reagan handed over 50 year-worth of public-funded drug and medical research to the private sector with the promise that it would improve product development— not that it would gouge Americans in their hour of need.
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