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this post was submitted on 21 Oct 2023
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While I'm sure there is a crazy markup, it's important to note the cost to produce - as in manufacture - does not include the cost of drug discovery, which is extremely expensive and involves a good amount of risk over a long period of time.
You can't just compare the cost of discovering a new drug vs. cost of producing a generic without any research like that.
That's just an excuse because many drugs are sold at prices much lower what they are sold in the US. They are not selling them at loss in other countries.
Definitely not at a loss to produce no, but maybe a loss overall.
My bet is that the US subsidizes R&D by paying obscene amounts for the drugs and the EU and others just serve as extra income
Your bet?
That's what they make you believe. Why American still pay high prices for insulin? It doesn't cost that much to produce. It just those companies are paying politicians to keep things in their advantages and give you those excuses.