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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Look it up, pharma companies spend years and billions on R&D for new drugs. Many of these drugs never come to fruition. These companies are granted patents, to help them recoup their investments across all their R&D, not just the successful ones. Otherwise, no company would develop new drugs. What’s the point of someone is just going to steal their formulation?

It’s unfortunate that some people can’t afford the buy the branded drugs until they come off patent. That’s more of a public policy issue that a commercial one. [/quote]

What's the markup on new drugs? How about profit margins? [/quote]

Of course, there is a "markup' and "profit margin" on new drugs.  Do you really think we could have a robust pharmaceutical R&D program without it?  Why don't universities actually make drugs?  (Hint, they have no money and no financial inventive to do so).  Besides these drugs, what are the blockbuster drugs developed in Europe?  In Asia?

You talk about profit like it's a dirty word.  Please show me who is developing these drugs without the financial inventive.[/quote]

Yes, I am aware they exist. I don't even disagree that they should make a profit. I asked you how much they are. Do you know the answer to that?[/quote]

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. [/quote]

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. [/quote]

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. [/quote]

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. [/quote]

Sales does not equal profit. It’s clear you don’t understand how this works.[/quote]

You have to make sales in order to have a profit :-) You keep saying words and continue to make no sense. What the hell is your point even? Drugs should be needlessly expensive? Big pharma is struggling to make profits so we should be happy to pay $1200 out of pocket to keep their R&D going? We should be happy to pay more in the US since EU is much smarter than us and refuses to pay ridiculous prices only to see them go into the pockets of CEOs.

Please make your point clearly and concisely. You are making zero sense.[/quote]

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