No, because most companies don’t keep track of profit on each drug the way you are asking. There are so many general costs that run through the whole company, failed projects, etc, not just one winner. My question to you is - what is “modest” profit and why should a company that does something revolutionary only make a “modest” profit. |
You think I said you should be happy to pay more and subsidize Europe? lol, ok. Consider focusing on comprehension and larger scale issues here. |
hahahhahahahahah well as someone who has worked for a science and technology company I can tell you with a 100% certainty that they absolutely keep track of how profitable each drug is. You don't think Pepsi knew how much Dr. Pepper made them which is why they sold that product? I see now that you're just completely uninformed. It's just sad that you feel the need to tell people to suck it up and feel bad for the big pharma at the expense of their own health. |
I'm sorry. Please do explain what you meant by this "You do realize that is why we pay so much, right. Because Europe pays so little, " |
I notice you failed to engage with any of my actual points. I actually look at pharma financials all the time. Yes, companies know how much they sell of each product. But all costs of a project or running the company generally are not necessarily allocated to any project. You failed to acknowledge this. You also fail to explain what’s an appropriate amount of profit. It’s really easy to throw stones but much harder to solve the actual issues here. |
Funny how you "look at pharma numbers all the time" but can't answer a simple question. I didn't fail to acknowledge it. I disputed it because of course, Novo knows how much they profited from Wegovy. Are you insane? Do you even know how companies run? To say that they don't keep track of how well each of their products is selling is so profoundly ignorant I don't even know how to respond. A simple Google search will tell you exactly what the sales were for each drug. |
Sales does not equal profit. It’s clear you don’t understand how this works. |
You have to make sales in order to have a profit ![]() Please make your point clearly and concisely. You are making zero sense. |
Here you are. Pharma doesn't make that much money. https://pmc.ncbi.nlm.nih.gov/articles/PMC7054843/ |
Did you even read what you posted? |
Why do you get to dictate "modest" profits for a miraculous innovation that is improving the lives of millions of people? Our country fosters the most innovation of any nation on Earth because of capitalism. The brightest minds in the world are here, and they are motivated in part by the possibility of rich rewards when they create something great. Look how Apple changed the world, and Steve Jobs rightfully became a billionaire. Amazon improves my life immensely, saving me time, stress and money every week. Jeff Bezos is rightfully a billionaire. Love it or hate it (I happen to love it), Facebook impacts the lives of millions of people, keeping them informed and connected. Zuckerberg rightfully a billionaire. Why should the drug companies' profits be capped? They invested millions into the development of these drugs and they deserve the financial reward. They are currently developing even more effective medicines. It's beautiful. You think they should have their profits capped just because they're in healthcare? All that'd do in the long run is encourage the most brilliant minds on Earth to move to different industries. Healthcare is where we should want the most innovation, and innovation is what you get when creators are duly rewarded. |
Because when you worship the dollar at the expense of human life, you fail as a human. Not a hard concept. |
DP. This is the reality of life. We are not going to get these healthcare innovations without handsomely rewarding the inventors. |
No, I think greedy morons like you think like that. The rest of the civilized world values human life (not just the ultra rich). Healthcare for profit is highly immoral and unethical. |
Let us know when you can collect enough people together to give their labor away for free as a passion project to develop novel pharmaceuticals. We will wait to see how long that takes. |