The media often give the impression that drug prices are too high in the U.S., compared to Canada and Europe.
Prices for the same pharmaceuticals are certainly much lower overseas. But pharmaceutical companies are forced to sell there below true cost.
To do that with foreign governments holding guns to their heads, they must raise prices in the U.S, to make their profit. Otherwise, no business.
And if there is no business, no drugs can be produced. A company spends as much as a billion dollars to find and research a new drug before it’s on the market.
Think about this the next tine you get a lesson from a politician on the enormous profits drug companies make. Furthermore, if the companies are so profitable, why are not all the experts on Wall Street falling over each other buying drug stocks?
You will notice that pharmaceutical securities are not investor favorites. They are merely politician scapegoats. (See the Earl J Weinreb NewsHole® comments.)
No comments:
Post a Comment