You know, if it wasn’t such a heavily regulated industry, it’d be relatively easy to start a drug company, sell something like insulin at a reasonable price, and thereby corner the market.
Just sayin....
Re “heavily regulated”: I agree.
It seems to me that once a pharm. company jumps through all of the hoops and their product is approved for sale by the masterminds at the FDA that the company should not be held responsible if something goes wrong, unless, UNLESS they withheld data or falsified data. I believe that would bring down the costs significantly.
Not to mention that sometimes it’s only one person who had a problem and 10,000,000 who benefit from the drug but the manufacturer is forced to remove the product (and lose its revenue) because of the liability.
Where would you get "something like insulin," in order to sell it at a reasonable price? What's reasonable?