The high cost of developing drugs shouldn’t be a badge of honor for drug firms; there’s no reason it has to be this expensive. The outlay doesn’t justify the high cost of prescription drugs--just because something was expensive to create doesn’t make it good. On the other hand, even high-cost drugs are only a small factor in rising health costs. Medicines are just easy to scapegoat because their prices are easy to track. We can all only hope that new technologies and a better understanding of biology will turn things around.
One main point that we are missing here is that the $300 million spent to develop the drug is the smaller part of the budget. R & D costs are only about 1/3 of the total budget. The other 2/3 is spent on advertising the drug to consumers.
If the $300 million is just for development, then you can be sure another $600 million will have been spent on advertising.
Why cannot the entire budget be spent on the R&D of the drug? At least make sure the majority of money is spent on R&D. This would decrease the costs of medications for consumers and increase the knowledge base for the drug companies.
I went the the Daily News site to comment on the original story. It required me to register to comment. Ok, i thought, how hard could this be...
Well, the link on the original page to register took me to another Daily News page with a banner ad for evony. No registration form. I thought, that is odd, lets try this again. Same result. I tried the link in the header to register, now we are cooking!
No, I have to setup a secret question, secret answer, username ( not email ), zip code, country, gender and year of birth - all required in addition to email, first and last name. Plus I am solicited for info on my industry, job title and income?
Or I can link my social network accounts to their site.
Right. The columnist being clueless about technology is a mere reflection of the clueless registration of the Daily News.
I take exception to the "Pirated movie = No Value" phrase. I have seen many movies in my lifetime via various delivery methods: movie theaters, school class rooms, streaming video, rental stores and kiosks, and yes - "pirated" movies.
Just because I have seen a movie via any of these methods does not mean I will never see it again. Nor does it mean I will never buy a ticket or pay for a video game or associated merchandise.
When I see a good movie, or sometimes even a really really bad one, of course I will want to watch it more than one time.
I have seen movies that were "pirated", and then gone to see it on the big screen. Yes, actually buying a ticket to a movie that I would otherwise never see. I have also bought the movie on dvd or blu-ray when it was available.
Its not as clear cut as you would have it. Not all people pirate movies. Not all people who do pirate never set foot inside a movie theater or video store.