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Cost of developing new drugs may be lower than industry claims: trial

(www.theguardian.com)
275 points swores | 1 comments | 25 Apr 24 12:25 UTC | HN request time: 0.314s | source
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MisterDizzy ◴[26 Apr 24 19:45 UTC] No.40173334[source]▶
Drug companies are unambiguously out of control. Some of these new molecules don't even need to be invented, they're just legally distinct repackaging of something they can't gouge on anymore. These companies could, if they had an incentive to do so, research effective off-label uses of existing drugs, say. But there's no money in that. There is a ton of money in making legally distinct "new" drugs that do the same thing as newly-generic drugs. It's unacceptable what they get away with.

Covid ought to have been the final straw that brought all sides together to do something about drug companies.

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1. kristopolous ◴[26 Apr 24 20:29 UTC] No.40173886[source]▶
It wasn't because it has always and will always be about the leverage and execution of power asymmetries.

There's no magic hand or market forces working in the public favor, it's competing factions exercising power.

We will continue taking a bath on everything until we organize and exercise power. It's not about "voting" with your wallet because that doesn't set the rules. The terms of engagement need to change.

Things don't have to be this way, there is no "natural law" and things won't change due to prudence. That's all just classic hustling tactics - other countries don't operate this way.