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Thread: The cost of drugs.

  1. #1
    Senior Member Billyd's Avatar
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    Default The cost of drugs.

    This new class of drugs treats a rare type of blindness, but carries a hefty price tag.

    Biotech offers $850,000 blindness treatment

    Only a few thousand, most diagnosed, who have this type of blindness, will benefit from this single treatment drug. Cost of this treatment is around $425K per eye. The company does offer a rebate if the drug doesn't work.
    2 Peter 1:5 Because you have these blessings, do all you can to add to your life these things: to your faith add goodness; to your goodness add knowledge; 6 to your knowledge add self-control; to your self-control add patience; to your patience add devotion to God; 7 to your devotion add kindness toward your brothers and sisters in Christ, and to this kindness add love.

  2. #2
    Senior Member JosephsDreams's Avatar
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    Default Re: The cost of drugs.

    Some things just leave me speechless.
    oldethennew likes this.
    Then you will know the truth, and the truth will set you free.
    John 8:32

    And now these three remain; faith, hope and love. But the greatest of these is love.
    1 Cor. 13:13


    Give ​peas a chance !



  3. #3
    Senior Member Tommy379's Avatar
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    Default Re: The cost of drugs.

    Before everyone gets their panties bunched up, lets look at the economics of this.

    Only a few thousand people will use this drug, so not many units will be sold.

    Research, development, testing, and manufacturing all have a cost.

    The government has many expensive regulations that must be navigated before this drug can go to market.

    The drug maker has a very limited amount of time they can recoup their investment, before the patent expires.

    Company owners, most who are middle class, are entitled to a profit for their investment.

    That's about right.
    Magenta likes this.
    Sent from my Verizon, Samsung Galaxy smartphone

  4. #4
    Senior Member Ellsworth1943's Avatar
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    Default Re: The cost of drugs.

    Quote Originally Posted by Tommy379 View Post
    Before everyone gets their panties bunched up, lets look at the economics of this.

    Only a few thousand people will use this drug, so not many units will be sold.

    Research, development, testing, and manufacturing all have a cost.

    The government has many expensive regulations that must be navigated before this drug can go to market.

    The drug maker has a very limited amount of time they can recoup their investment, before the patent expires.

    Company owners, most who are middle class, are entitled to a profit for their investment.

    That's about right.
    Think they will tell us their profit margin?

  5. #5
    Senior Member Tommy379's Avatar
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    Default Re: The cost of drugs.

    Quote Originally Posted by Ellsworth1943 View Post
    Think they will tell us their profit margin?
    If it's a publicly traded company, they are required to disclose that information. If not, it's none of our business.
    Magenta likes this.
    Sent from my Verizon, Samsung Galaxy smartphone

  6. #6
    Senior Member notuptome's Avatar
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    Default Re: The cost of drugs.

    Hard to put a price on being able to see. Insurance companies are certain to balk at paying for the drugs.

    For the cause of Christ
    Roger
    Magenta and oldethennew like this.
    The bible is a mirror not a magnifying glass
    use it to examine yourself not others.

  7. #7
    Senior Member Billyd's Avatar
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    Default Re: The cost of drugs.

    This is cutting edge science. If this drug treatment is used on only one eye of 1,000 people in the US, it will gross $425M. The treatment has possible applications in many inherited diseases.

    I doubt that most of the people who will benefit from the treatment can afford $4,250 to pay for the treatment. Maybe someone will donate enough to make it available to anyone who will benefit from it, or our legislators will give up some of the ridiculous pork projects and create a fund for them to receive the treatment.
    oldethennew likes this.
    2 Peter 1:5 Because you have these blessings, do all you can to add to your life these things: to your faith add goodness; to your goodness add knowledge; 6 to your knowledge add self-control; to your self-control add patience; to your patience add devotion to God; 7 to your devotion add kindness toward your brothers and sisters in Christ, and to this kindness add love.

  8. #8
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    Default Re: The cost of drugs.

    can you feel the 'love'???

  9. #9
    Senior Member p_rehbein's Avatar
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    Default Re: The cost of drugs.

    The Federal Government subsidizes the R&D costs for pretty much all of the Drug Companies, so it isn't THEIR money they are investing, it's OURS.

    Don't know about these guys as far as them being Middle Class......worth looking into though.......bet they ain't Middle Class anymore........

    Quote Originally Posted by Tommy379 View Post
    Before everyone gets their panties bunched up, lets look at the economics of this.

    Only a few thousand people will use this drug, so not many units will be sold.

    Research, development, testing, and manufacturing all have a cost.

    The government has many expensive regulations that must be navigated before this drug can go to market.

    The drug maker has a very limited amount of time they can recoup their investment, before the patent expires.

    Company owners, most who are middle class, are entitled to a profit for their investment.

    That's about right.
    Hebrews 13:5 .) Let your conversation be without covetousness; and be content with such things as ye have: for he hath said, I will never leave thee, nor forsake thee.
    6 .) So that we may boldly say, The Lord is my helper, and I will not fear what man shall do unto me.

  10. #10
    Senior Member p_rehbein's Avatar
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    Default Re: The cost of drugs.

    Do a "search" of

    Spark Therapeutics Inc

    and I think you will agree these guys probably AIN'T Middle Class!

    And, it appears that they are into a whole bunch of stuff.........like messing with genes and such.....
    Billyd likes this.
    Hebrews 13:5 .) Let your conversation be without covetousness; and be content with such things as ye have: for he hath said, I will never leave thee, nor forsake thee.
    6 .) So that we may boldly say, The Lord is my helper, and I will not fear what man shall do unto me.

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