Quote:
Originally Posted by Sly
This just made me curious about something... if American companies create most of the drugs, and every other country in the world has regulations on what the drugs can sell for... what that really means is, the Americans are paying the high price of research and development while the rest of the world gets cheap drugs based on the import policies of their countries. Hmm...
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fair point, with one major flaw ....R&D is costly, but it's pharma companies that use that to justify their costs of their pills. A couple of tens of millions of US$ to get a drug to the counter - a drop in the ocean compared to what they make selling and licensing it.
What they fail to disclose (in such statements) is about 15-20% of R&D is done in govt-funded laboratories (around the world, not jsut US), and what do those non-profit labs get in return for the hard research? about 100k/year during the length of the contract. Of that, I'm 100% sure.