In response to:

Don't Let Obama Kill "Pills for Profit"

FletchforFreedom Wrote: Jan 29, 2013 5:54 PM
The issue (as should be obvious to anyone paying attention) is the attempt to take the profits out of the bio-tech industry as has happened in countries outside of the US who set prices and limit profits (not losses, mind you). California and Massachusetts still have uncapped medicine prices and no cap on profits ... and, given California's new tax policies, you'll see a shift to other states in the very near future.
nawlins72 Wrote: Jan 29, 2013 6:01 PM
But as Bastiat argued, the Jack's of the world will see the businesses that DO exist in highly regulated areas and exclaim "See!! Regulations don't hurt investment. Look at these businesses!!" And ironically, it's the Jack's of the world that rail against these very same companies for colluding with government and "price gouging" and being "multi-national corporations" and blah, blah, blah.

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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