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Comment Re:On a more serious note... (Score 5, Insightful) 246

I work in (real) medicine, I'm a fervent believer in it, and I use the phrase "Big Pharma", not to degrade the medical practices, but rather the business decisions.

My favorite example is the drug Zofran, it is the gold standard in chemo anti-nausea meds (with some arguments to be made for pot, but I'll not get into that.). We're talking the chemo patients who haven't been able to keep any food down for a week, and nothing else worked, unless they had particularly good insurance, Zofran was the last option, and it almost always worked...the reason it was the last choice is that it was sold for a bit over a thousand dollars a dose.

When it came off patent, and the generic manufacturers got started on it, would you care to guess how much they were selling it for?

Go ahead, guess.

Nope, you're wrong, about a dollar fifty a dose.

Now, I can have some sympathy for the argument that they need to recover the R&D costs, but due to what amounts to legal maneuvering, they managed to extend their patent for basically 15 years from FDA Approval to it coming off-patent...Did they really need 15 years of about a 70,000% markup?

That's my favorite example, but it's far from the only one.

The gent who wakes up and finds himself a success hasn't been asleep.