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To: Hugin
"It’s price is high in the US because of patent rights, not because it’s expensive or necessarily hard to produce."

You're "dead" wrong on that. It’s price is high in the US because it costs about a billion dollars to complete all of the testing required to get a new drug approved by the FDA. Then, they can only recover that cost during the time of the patent coverage, because the patent is required to give sufficient information for anyone else to produce it.

39 posted on 07/25/2014 6:21:48 PM PDT by norwaypinesavage (The Stone Age didnÂ’t end because we ran out of stones)
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To: norwaypinesavage

You are confusing cost and price. The price is what it is because US patent law gives them exclusive use of their intellectual property which allows them to recoup the cost. But other countries don’t. So the price is low. That doesn’t make the same drug produced elsewhere inferior.


41 posted on 07/25/2014 7:24:15 PM PDT by Hugin ("Do yourself a favor--first thing, get a firearm!")
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