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View Diary: defusing the Bomb of Gilead (18 comments)

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  •  how, exactly, do they justify the high price tag (1+ / 0-)
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    Denise Oliver Velez

    for these drugs, aside from the "we can charge whatever the hell we want, and you'll pay it, or die.", profit driven approach? the actual cost of producing almost all drugs, even the most expensive, is pretty low, on a per-unit basis. the R&D costs (assuming they even have any) are roughly only 50% cash-out-of-pocket, after taking tax savings into account, and they have a 17 year patent life, giving them a legal monopoly on production/sales. if you can't charge a reasonable price, and still make a healthy profit on a fairly widely used drug, the problem is with your management, not the cost of of the drug itself.

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