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Posted on 10/12/2003 7:33:22 AM PDT by Brian S
Edited on 04/13/2004 2:44:21 AM PDT by Jim Robinson. [history]
The pharmaceutical industry's trade group spent $8.5 million in lobbying this year as it worked against a bill to allow importation of government-approved drugs.
The Pharmaceutical Research and Manufacturers of America spent the money lobbying Congress and federal agencies in the first half of this year, the most the group has ever spent in a reporting period, according to federal reports reviewed by The Associated Press. Lobbying totals cover expenses such as salaries and mailings but not campaign contributions.
(Excerpt) Read more at sfgate.com ...
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Yeah, but it's nice to be on the buying side for once. I work as a process engineer at a major pharmaceutical company. One major reason drugs are expensive is government regulation. Not that it's all bad. I've been to pharmaceutical plants in Asia. You wouldn't give those meds to your neighbor's cat.
Those prices are brought down by government subsidy. And soon, Canadian taxpayers are going to wise up to the fact that their taxes are aiding Americans. BTW, my company is based in Europe. Market forces along with government regulation and R&D costs determine drug prices. Bringing one drug to market can take ten years and cost as much as $500 million.
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