Bookmarking this. A friend of mine and I argue about this sort of thing all the time.
IIRC you have ten years from the time the drug comes to market before it goes into the generic category.
Or are we using the Disney rule?
Allow for the REIMPORTATION of pharmaceuticals and medical devices back into the US at current world prices.....US prices collapse anywhere from 50-80%. This was one of Trumps campaign healthcare planks, #7 I believe. Too bad those healthcare campaign policies have disappeared......
I see that they’re taking notes from Pharma-Bro Shkreli.
Big pharma and the FDA doings.
>>the drug market is not a free market.
Cash-Cattle for the techno-kleptocrats feeding from the “market”.
Soon the inmates running the asylum will realize their Transhumanist augmented wet-dreams — sans any moral constraint at all.
Too bad the cube-slaves riding the Utopian Collective-corporate Enterprise don’t have a 1st amendment responsibility to point out the bridge is crewed by crazy people.
It’s amazing what people will do when they’re not in fear for their lives.
This is why we passed trust busting policies.
This type of egregious and vicious behavior should be punished.
And it is NOT Conservative to support it.
True conservatism takes into account human greed and cruelty and establishment of REASONABLE LAWS AND REGULATIONS to prevent it!
Psychopathy is a personality disorder characterized by a lack of empathy and remorse, shallow affect, glibness, manipulation and callousness.
Now that NextSource has put up a big price umbrella, any other drug maker should be able to get under it and make big profits selling a generic version at even a third of NextSource's price. The article gives no explanation as to why a generic version is not produced.
The powers that be want no cure for cancer. Too much money to be made by keeping people sick and medicated and to kill them slowly
One hundred fifty years ago people may have dreamed about drugs that could cure cancer. They didn't even have drugs that could cure an infected toenail.
If Americans really want to show those evil drug companies who's boss, they will simply refuse to buy any drugs developed in the US. Russia, China, India, and maybe Venezuela will step in and pick up the slack.
The drug I take costs my insurance company $300 per day. It's the only drug approved by the FDA for my condition which only occurs with 5000 people per year nationwide. If it wasn't for the fact that this drug cures many other types of disease, I probably couldn't get it at any price.
Apparently anybody is free to start their own company, begin manufacturing the very expensive drug mentioned in the article, and make a fortune. What a great country.
Medical Industrial Complex. Too bad Ike didn’t warn us about that.
Currently, there are two Drug Master File ("DMF") holders who have DMFs on file at FDA who make the chemical substance, and who a generic firm might approach to contractually make the substance (also known as the "API" = Active Pharmaceutical Ingredient) for the product.
Given the price this drug is commanding presently, one expects there might be such an enterprising generic firm willing to pursue their market share for this product.
For all we know, there might be such a filing at FDA going through review right now.
It would be interesting to learn why GSK got out of the business, since it was originally their product.
FReegards!
Why do you that no marijuana is still a class one drug and they try to suppress medical marijuana which is currently in Cavinoid oil form curing cancer?