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Non-Cattle Specific Topics
Coffee Shop
Drugs for people - cost
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<blockquote data-quote="Bestoutwest" data-source="post: 1506852" data-attributes="member: 19397"><p>A few things. I had a patient once that worked at a pharmaceutical as a chemist. We were talking about what goes into the development of a drug. There is the actual R&D that comes up with the drug, and then trials. Several trials, all closely monitored and the drug is possibly tweaked after each round. He was saying that in the 80's it wasn't uncommon for a drug to cost a company $100,000,000 before it even passed all of its trials. He was telling me of a couple that went over $1,000,000,000 before they made it to the patient. Secondly, the patents don't last as long on pharmaceuticals like they do for other products. Therefore, there is a mad scramble for that company to make its money back ON A DRUG THAT WILL SAVE YOUR LIFE! Thirdly, part of the high cost is to recoup money lost from folks that can't pay for those drugs. With my foot infection, I was getting $8,200/week worth of drugs (or $1,171/day). It cost that much because there are people who don't have insurance or their insurance isn't that good. I'm lucky, we have great insurance, but some aren't and their illness will bankrupt them. However, 30-40 or even 10 years ago these people would have died a lot sooner without medical intervention.</p></blockquote><p></p>
[QUOTE="Bestoutwest, post: 1506852, member: 19397"] A few things. I had a patient once that worked at a pharmaceutical as a chemist. We were talking about what goes into the development of a drug. There is the actual R&D that comes up with the drug, and then trials. Several trials, all closely monitored and the drug is possibly tweaked after each round. He was saying that in the 80's it wasn't uncommon for a drug to cost a company $100,000,000 before it even passed all of its trials. He was telling me of a couple that went over $1,000,000,000 before they made it to the patient. Secondly, the patents don't last as long on pharmaceuticals like they do for other products. Therefore, there is a mad scramble for that company to make its money back ON A DRUG THAT WILL SAVE YOUR LIFE! Thirdly, part of the high cost is to recoup money lost from folks that can't pay for those drugs. With my foot infection, I was getting $8,200/week worth of drugs (or $1,171/day). It cost that much because there are people who don't have insurance or their insurance isn't that good. I'm lucky, we have great insurance, but some aren't and their illness will bankrupt them. However, 30-40 or even 10 years ago these people would have died a lot sooner without medical intervention. [/QUOTE]
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