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Don't Let Obama Kill "Pills for Profit"

ZealousConscript Wrote: Jan 29, 2013 11:29 PM
As far as the cost of prescription medicine, I would suggest "The $800 Million Dollar Pill" by Merrill Goozner. Pretty damning evidence about how Big Pharma uses government funding to research drugs, then turns around sells them at astronomical cost in order to increase their profit margin.
nawlins72 Wrote: Jan 30, 2013 8:26 AM
This argument is peddled by many: Big Pharma uses government funding for research. The reality is that the funding spoken of is university level research that pharma companies typically pay to use. They would be stupid not to access viable research. If you want to get rid of this "government subsidy" then eliminate taxpayer funded research. Problem solved.

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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