Share holders of Roivant Sciences, Ltd are enjoying an increasingly negative string of negative income years and every increasing operating costs.
Why does this feel like a chapter from a book called PONZI?
https://finance.yahoo.com/quote/ROIV/financials?p=ROIV
A wonderful strategy to buy orphan drugs that big pharma can’t figure out how to promote for serious though obscure maladies with so few victims that there is not a large enough market to make money without charging obscene prices that the market will not bear. That is not unless you can lobby successfully to persuade Medicare to cover them, such as Aduhelm or Leqembi, both of which cost over $28,000 per year. No, Alzheimer’s is hardly obscure easily tugging at the heart strings of the desperate and the greed of many.
‘In the case of Aduhelm, the anticipation of substantially higher Medicare Part B spending due to coverage of that drug contributed to a 15% jump in the Part B premium between 2021 and 2022, an increase substantially above the norm.”
My Momma died with Alzheimer’s over a period of nearly 10 years. She was medically fine at nearly 92 except she lost the ability to eat, drink or function in addition to the slow and inexorable loss of memory. Prolonging this agony by merely slowing it is hardly a good thing. I think most of us who have lived with it would agree.
To be sure, Alzheimer’s is a horrible disease that I would not wish on any victim or family. I’ll forego the horrible speculation I have felt wondering if the sufferers are conscious of their disease in ways that comatose patients attempt to scream to be heard about the sounds and thoughts of others they hear. A living nightmare in something like hell.
Interesting article. Alzheimers is a terrible disease. When someone you love is suffering money is secondary to the family unless they can’t afford the cost. When society bears the cost it is a cruel dilemma.
When we were shedding red tape, unnecessary regulations, bringing industry back to the USA and becoming a fuel exporter there was more money for healthcare.
Now that Biden has hollowed out America there is a need for triage. The pharmaceutical industry is unregulated but in many cases the American people are the end payor. Seeing Vivek’s manipulation of the system where billions are scattered in pursuit of vague possibilities and money is syphoned despite failure I believe we must do better.
NIH is completely corrupt spending billions on unnecessary & bizarre research much benefiting foreign countries, not to mention the deaths due to illegal gain of function studies paid for under Fauci & others. If NIH functioned as it was intended it could support basic research of the kind that has led to advances in science.
The freewheeling method going on at present guarantees that the connected will enrich themselves at the expense of the American people. There needs to be discipline in the system but it will be difficult to introduce. People like Vivek would have no motivation to introduce such discipline. Trump did take on Pharmy to lower insulin prices. Biden quickly retreated. Trump has shown recognition of the issue and after his experiences w/Fauci and the FDA he may be the one to start reigning in the abuses of the present system.