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The Water Cooler
Stupid Stuff
Prescription drug costs - let's hear your stories/rants
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<blockquote data-quote="DavidMcmillan" data-source="post: 3220394" data-attributes="member: 11749"><p>One arm of the company I retired from is Solvay Pharmacuticals. I was on their campus for a conference several years ago, and one presentation was on the development, testing, and marketing of any new drug. I don't remember much about the actual numbers, but the time and cost of bringing a drug to market was astronomical, and then they only have 7 years (I think I remember that correctly) to recoup that cost and turn a profit.</p><p></p><p>They do seem to be pretry profitable though. I would think there are ways to reduce those costs, like doing away with all the excessive advertising.</p><p></p><p>I would love for Congress to work on this issue instead of trying to eliminate cow farts.</p></blockquote><p></p>
[QUOTE="DavidMcmillan, post: 3220394, member: 11749"] One arm of the company I retired from is Solvay Pharmacuticals. I was on their campus for a conference several years ago, and one presentation was on the development, testing, and marketing of any new drug. I don't remember much about the actual numbers, but the time and cost of bringing a drug to market was astronomical, and then they only have 7 years (I think I remember that correctly) to recoup that cost and turn a profit. They do seem to be pretry profitable though. I would think there are ways to reduce those costs, like doing away with all the excessive advertising. I would love for Congress to work on this issue instead of trying to eliminate cow farts. [/QUOTE]
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