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275 points swores | 1 comments | | HN request time: 0s | source
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hi-v-rocknroll ◴[] No.40173019[source]
Semaglutide retails for $17k USD/year in the US but costs only $60 to make. Perhaps it could be argued that the autoinjectors are "expensive", but not $17k/year and oral forms are coming online to make this item moot. In limited circumstances, excessive profits cross into the realm of price gouging and shouldn't be allowed by regulatory enforcement.
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bhk ◴[] No.40173371[source]
But they need these huge margins to pay for the politicians and media coverage (or absence thereof) that allow them to do what they do.
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hi-v-rocknroll ◴[] No.40174935[source]
Martin Shkreli approves because some medications just don't cost enough for the benefits they provide. When we reductively reduce the value of human life to QALY and profits, part of our humanity slips away.

PS: I can't currently afford semaglutide but require it to offset the side-effects of mirtazapine. Resting HR: 110(!), BP: 175/95, BMI: 32.0. Perhaps I should find a cheap way to visit France or maybe someone in France would send me a year's worth if I paid them.

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1. FireBeyond ◴[] No.40180756[source]
> Martin Shkreli approves because some medications just don't cost enough for the benefits they provide. When we reductively reduce the value of human life to QALY and profits, part of our humanity slips away.

A drug comes before the FDA for approval, and it is opened up for comment. Shkreli lodges an objection to approval of this drug.

Why? Because it's unsafe? No - trials thus far have shown it to be safer than existing drugs.

Why? Because it's less effective? No - it's also been shown to be more effective than existing drugs.

Perhaps it's more expensive? No - cost of R&D and production, and estimated retail costs are expected to be lower than existing drugs.

Huh, odd. So why did Shkreli oppose this drug getting to the market?

Because he and his company had just bought the patent to one of those 'existing drugs' recently, and this drug coming to market would torpedo demand for his drug, and torpedo the profitability of his investment in buying the patent.

Fuck Martin Shkreli.