- United States
This strikes me as very odd. If this drug is as old as they say then the patent has long since expired and generics would be readily available for less. And the article never explains why generics aren't available.
It was like the famous line in The West Wing. The second pill costs 2 cents. The first one cost 2 billion dollars. There is no denying that the US is the research engine for the world when it comes to drugs. But - and this is a HUGE but - US companies have dramatically altered their business plans and now spend more money on advertising and marketing than on R&D. Part of the marketing also includes lobbying patent renewals to keep generics from being able to slash profit margins. And this is just plain wrong.
So, the bottom line is that if you want to blame capitalists, you need to blame the government just as much, because they control the patent system.
The generic is not available because of such incredibly low demand for the drug. It's used to treat an obscure parasitic disease.
It's like this, you own a buggy whip company and lately there has been very, very low demand for your buggy whips. What do you do? Close up shop? Keep making the same number of buggy whips as you did before the downturn and charge the same hoping that things will turn around?
The reason no one is making a generic is because there's no market for it. Period! There's a reason why every once in a while when there's an uptick in influenza cases nationwide people panic and there's a shortage of vaccine.
It's because during the off years, no one gets the vaccine and there's very little market for it. So there is very little manufactured.
This seems more like a market failure than anything else. It sounds like this is not a patent issue, but rather that only a few manufacturers have the capacity to produce the drug and nobody else is willing to invest in manufacturing of the drug because the demand is sporadic.^ Tell you what, gather a group of investors from around the country and world, kick in your own cash and start a drug development lab in downstate Illinois to design, manufacture and distribute all manner of drugs for all manner of obscure diseases and only charge people what they can afford.
Let's see how long your company stays around. Good luck. I'll tell you what, when your drug reps start coming by my office offering me trips to Hawaii for an educational conference I'll be receptive. That will be my contribution to your success.
While certainly not a fan of what many might consider pharmaceutical profiteering, I personally take more comfort in keeping the communists in my gun sights, rather than embracing their political ideology. Old habits are hard to break and perhaps should not be? LOL.As has been demonstrated time and again, life is so much less stressful under communism.
Communists don't let people die for want of health insurance or money to pay for drugs, and so life for some is, in fact, much less stressful. In fact, life exists because of this approach.As has been demonstrated time and again, life is so much less stressful under communism.