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Pfizer says it will price Covid treatment Paxlovid at nearly $1,400 for a five-day course, which researchers estimate only costs Pfizer $13 to produce.
That's a 10,000%+ markup. Shameful.
That’s just an excuse because many drugs are sold at prices much lower what they are sold in the US. They are not selling them at loss in other countries.
That’s because they’re getting some money back in those countries while they still have a patent, before generic prices make it impossible to recoup the cost. Certainly not as much as they’d like but it’s still not a loss. Those in first world countries subsidize the research- I’m okay with that. It’s like the one way the third world gets a break.
That’s what they make you believe. Why American still pay high prices for insulin? It doesn’t cost that much to produce. It just those companies are paying politicians to keep things in their advantages and give you those excuses.
That’s just an excuse because many drugs are sold at prices much lower what they are sold in the US. They are not selling them at loss in other countries.
Definitely not at a loss to produce no, but maybe a loss overall.
My bet is that the US subsidizes R&D by paying obscene amounts for the drugs and the EU and others just serve as extra income
Your bet?
That’s because they’re getting some money back in those countries while they still have a patent, before generic prices make it impossible to recoup the cost. Certainly not as much as they’d like but it’s still not a loss. Those in first world countries subsidize the research- I’m okay with that. It’s like the one way the third world gets a break.
That’s what they make you believe. Why American still pay high prices for insulin? It doesn’t cost that much to produce. It just those companies are paying politicians to keep things in their advantages and give you those excuses.
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