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by colinmhayes
2446 days ago
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1. American culture may be anti-altruism, but I can still argue that altruism is a good thing. Developing life saving drugs is a good thing. I'd like to think that on this forum everyone can agree that technological innovation is incredibly important. Of course I would prefer everyone contributes to drug research costs, but if others aren't willing to pick up the slack I am. 2. Drugs cost upwards of a billion dollars to develop. Plenty of failed drugs cost a billion dollars before they fail. If drug companies don't make money they will stop developing drugs. |
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> These spending numbers are at odds with a common claim by pharmaceutical companies that they need to patent drugs for extraordinary amounts of time to justify the massive amounts of money spent on research. Not only do many top drugmakers appear to spend more on advertising, but their profit margins, the BBC noted, are often larger than their research spending.
https://www.vox.com/2015/2/11/8018691/big-pharma-research-ad...