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Don't Let Obama Kill "Pills for Profit"

Wumingren Wrote: Jan 29, 2013 11:07 AM
And another thing ... those who advocate for re-importation of the cheaper "surplus" pills, bought by Canada and Mexico and returned to the U.S. at a discount, fail to realize that they are opening themselves to greater risk of purchasing counterfeit drugs that are useless at best and deadly at worst. Once you establish a supply chain, it is easy to infiltrate it with bogus products. You make it an easier and more desirable illegal enterprise by providing a conduit for the thugs of the world.

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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