Toddsterpatriot
Diamond Member
So you think that drugs developed in the US should cost Americans more than in any other country?I especially love when you believe stats from places like Cuba.
never brought up Cuba...
I was doing an apples to apples comparison of the G-7 nations. and we fall behind every last one of them in key health metrics.
A) Where are NEW drugs going to be developed?
Cost to Develop New Pharmaceutical Drug Now Exceeds $2.5B
A benchmark report estimates that the cost of bringing a drug to market has more than doubled in the past 10 years
CSDD’s finding, a bellwether figure in the drug industry, is based on an average out-of-pocket cost of $1.4 billion and an estimate of $1.2 billion in returns that investors forego on that money during the 10-plus years a drug candidate spends in development. The center’s analysis drew from information provided by 10 pharmaceutical companies on 106 randomly selected drugs first tested in humans between 1995 and 2007.
The study concludes that another $312 million is spent on postapproval development—studies to test new indications, formulations, and dosage strengths—for a life-cycle cost of $2.9 billion,
Cost to Develop New Pharmaceutical Drug Now Exceeds $2.5B
B) So what country in this world has developed more Drugs then the USA???
Obama Care Will End Drug Advances and Europe's Free Ride (Unless China Steps in)
Ninety five percent of the new drugs coming on the market are developed for sale in the United States. They are paid for by American consumers, while other countries, such as Canada, Germany and France, free ride at our expense. The United States is the last major country that allows the market to set prices high enough to compensate pharmaceutical companies for their R&D investments. Obama Care will increasingly control pharmaceutical prices as costs rise and federal and state funds fall short. Major pharmaceutical advances will stop (How well will government labs work?), and the rest of the world will lose along with Americans.
Obama Care Will End Drug Advances and Europe's Free Ride (Unless China Steps in)
C)What is the success rate of a drug???
report released today by the biotech industry’s national trade group finds less than one of every 10 drugs that enter clinical trials is ultimately approved by the Food and Drug Administration.
The report is sponsored by the Biotechnology Innovation Organization, or BIO. Its reported success rate, of 9.6 percent, is less than the success rate cited in a widely cited 2014 study by Tufts University’s Center for the Study of Drug Development, which set the rate of success at 11.8 percent, or one in eight.
http://www.amplion.com/inthenews/report-suggests-drug-approval-rate-now-just-1-in-1![]()
So you think that drugs developed in the US should cost Americans more than in any other country?
How do you stop other countries from stealing our new drug intellectual property? Spell it out.