Originally Posted By: bbhero
I hate to say this but..... I feel there is potentially a lot of truth in this. MS drugs now can cost $5,000 to $12,000 a month. But again, I feel there is a fair amount of truth to Merk's statement. I do not mind people making money at all. But again if illnesses are cured it would not just put big Pharm out of business but many hospitals and staff in those hospitals too.
I have friends and family in Big Pharma.
They're not completely disincentivized to find cures; antibiotics cure bacterial illnesses all day, and Big Pharma seems to be humming along just fine. Ditto with hospitals and cancer, broken bones, deep wounds, etc. There's always something else to move on to -- another disease, an emerging threat, etc. And don't forget that the population is still growing, so there's always a steady supply.
What Big Pharma will do is hold on to new drugs rather than release them when they're ready. They do this because they can only sell the drug for so many years before a generic version becomes fair game; If they released everything they had as soon as they found it, all their patents would expire in a few years and they'd have nothing in reserve -- they'd make a big wad of money and then tank until the next big idea.
I hate to say this but..... I feel there is potentially a lot of truth in this. MS drugs now can cost $5,000 to $12,000 a month. But again, I feel there is a fair amount of truth to Merk's statement. I do not mind people making money at all. But again if illnesses are cured it would not just put big Pharm out of business but many hospitals and staff in those hospitals too.
I have friends and family in Big Pharma.
They're not completely disincentivized to find cures; antibiotics cure bacterial illnesses all day, and Big Pharma seems to be humming along just fine. Ditto with hospitals and cancer, broken bones, deep wounds, etc. There's always something else to move on to -- another disease, an emerging threat, etc. And don't forget that the population is still growing, so there's always a steady supply.
What Big Pharma will do is hold on to new drugs rather than release them when they're ready. They do this because they can only sell the drug for so many years before a generic version becomes fair game; If they released everything they had as soon as they found it, all their patents would expire in a few years and they'd have nothing in reserve -- they'd make a big wad of money and then tank until the next big idea.