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Don't Let Obama Kill "Pills for Profit"

MoreFreedom Wrote: Jan 29, 2013 11:18 AM
Too late - the government now controls health care. The only question is who will be squeezed when costs come in way over the extremely optimistic assumptions of Obamacare supporters. Will it be insurance companies, hospitals, doctors, patients, taxpayers or some combination? Advances in medical care will now be determined by politicians instead of innovators, doctors and patients. Thus, expect the only successful drug developers to be those giving politicians the most campaign cash, and don't expect these drugs to do you much good either, as these decisions will be political, not based on science, medicine and results.

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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