In response to:

Don't Let Obama Kill "Pills for Profit"

baddham Wrote: Jan 29, 2013 6:02 PM
Jack2894 - How can anyone doubt that biotech is going to suffer? Obamacare is going to struggle to keep costs down and look everywhere for cost savings before having to finally having to ration care. One of those sources will be pharmaceuticals. If the drug companies aren't able to make enough money to pay for all of the failures, the number of new drugs will go down. Also, as implied in this article, the current administration is not too keen on companies making profits, so there is another reason to expect fewer new drugs coming to market. I just don't understand how anyone can think that the extra burden of Obamacare, and Obama's disdain for the private sector, will not negatively affect these companies and their products.

Biotech company Excelixis CEO George Scangos likes to quote oil wildcatter JP Getty when asked about his philosophy for success: “Get up early; work hard; find oil,” he deadpans.

And under the direction of dry-humored Scangos, the San Francisco-based company is drilling a lot of research holes, so to speak.

They have to: Success in the biotech industry is measured incrementally, not in big steps. It’s a cash-and-time intensive industry where success is painstaking, rare and, because of Obamacare and other regulatory burdens from the administration, likely to become even rarer.   

According to Plunkett Research, Ltd in 2010 it...

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