Skip to comments.Report: UM Cancer Center Robbed Of Drugs Valued In Millions
Posted on 08/08/2012 3:22:41 AM PDT by SoFloFreeper
The University of Miami medical system is reeling after a discovery that $14 million in prescription drugs had gone missing from the Sylvester Comprehensive Cancer Center over a three-year period...
...pharmacy technician Manuel Gerard Pacheco was charged with four counts of grand theft, two counts of trafficking in contraband prescription drugs,
(Excerpt) Read more at miami.cbslocal.com ...
Just wait til Sandra Fluke needs a mole removed. She’ll be back up on Capitol Hill moaning about it.
Not excusing the crime of theft but aren’t these substances expensive simply because the makers say they are? In other words a pill does not have intrinsic value like a gold ingot. I know that the price reflects R&D, testing and regulatory costs, etc. but in the end most drugs are simply chemicals dissolved in water or combined with a neutral starchy base in pill form.
The average drug takes 10 years of development to get to market and costs $0.5-1.5 billion to develop. At best, one drug in 5000 that starts clinical trials makes it to market. Also, cancer drugs are low-volume, so the per-unit cost is naturally higher.
I could go on, but you get the idea.
Were cancer drugs the only ones stolen,’cause any pharmacy will have pain killers and that’s what is targeted.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.