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  • The Answer Is Quite Simple, But Nobody Will Pick Up The Ball

    09/23/2015 8:59:46 AM PDT · by SatinDoll · 49 replies
    The Market-Ticker ^ | Sept. 23, 2015 | Karl Denninger
    C'mon folks, this isn't complicated. Hill used Indian government data on the cost of pharmaceutical ingredients and allowed for a 50-percent profit margin - but no money for investment in research - to work out the costs of producing certain drugs. On this basis, he found that Novartis' leukaemia drug Glivec actually cost $159 for a year's treatment, against the $106,000 charged in the United States. Roche's Tarceva for lung cancer cost $236, against a U.S. price of $79,000, and Novartis' Tykerb cost $4,000 against a price of $74,000. In all these cases the U.S. cost was far above that...