2134
you are viewing a single comment's thread
view the rest of the comments
[-] admin@lemmy.my-box.dev 34 points 1 year ago

By that same logic: it costs a couple of cents to burn a dvd or to transfer a few gigabytes, yet games costs $60.

All the commenter above you is saying is don't mix up the cost to develop with the cost to mass produce,

[-] lemann@lemmy.one 5 points 1 year ago

I'm going to be unreasonable because I don't like the ethics behind Pharma companies.

They should eat the loss; their research was healthily subsidised by the taxpayer

[-] FMT99@lemmy.world 16 points 1 year ago

I'm personally of the opinion that all medical research should be tax funded. But given our current situation, if you tell these companies to 'eat the loss' they will simply stop producing new medicines.

[-] pinkdrunkenelephants@lemmy.cafe 4 points 1 year ago

Oh stop. The government should be running the pharaceutical industry then, not private companies.

Stop simping for evil corporations that don't give a shit about you.

[-] FMT99@lemmy.world 1 points 1 year ago

Reading comprehension is tough I know. I indeed believe essential services including medical research should be government run.

But since that is not the case right now you can't expect companies to operate on a non profit basis. If stating obvious facts is simping then I guess you can call me a simp.

[-] Saxoboneless@lemmy.world 4 points 1 year ago

...and the video game industry makes more money than any other entertainment industry. Yes, these things should cost more than just their production cost, but there is currently an obscene amount of money being made by the people at the top of these industries - y'know, the ones whose main role in making and distributing the product is just already being obscenely wealthy. And while I don't really care if AAA games are overpriced if they're only $60, I do care if life-saving meds are being held for ransom.

Do y'all need reminded that insulin, a life-or-death drug that's been around since the fucking 1920s, only costs at most $10 to make but currently retails for up to $300 a vial? It does not fucking matter whether or not this particular treatment should cost $13 or $90, the markup on any life saving drug being over 1,000% is blatant price gauging at the expense of human life, and the fact that the pharmaceutical industry does this all the time is common fucking knowledge. Anything approaching a defense of this shit either is in fact astroturfing or is so braindead as to call it a necessity that a publicly traded company demand the sick either choose debt or the grave.

All the commenter above you is saying is don’t mix up the cost to develop with the cost to mass produce,

That cost to develop was likely not borne by Pfizer in the first place.

https://jacobin.com/2023/09/big-pharma-research-and-development-new-drugs-buybacks-biden-medicare-negotiation

Last year, the three largest US-listed pharmaceutical companies by revenues, Pfizer, Johnson & Johnson, and Merck, spent a combined $39.6 billion on R&D. That is, admittedly, a lot of money. But less than Medicare is currently paying on just ten drugs

While Big Pharma holds vast portfolios of existing patents for prescription drugs, the innovation pipeline for new drugs actually has very little to do with Big Pharma. In reality, public sources — especially the NIH — fund the basic research that makes scientific breakthroughs. Then small, boutique biotech and pharmaceutical firms take that publicly generated knowledge and do the final stages of research, like running clinical trials, that get the drugs to market. The share of small companies in the supply of new drugs is huge, and it’s still growing. Fully two-thirds of new drugs now come from these small companies, up from one-third twenty years ago. It is not the research labs of Pfizer that are developing new drugs.

[-] Emerald@lemmy.world -2 points 1 year ago

Game DVDs are not lifesaving drugs.

this post was submitted on 21 Oct 2023
2134 points (97.5% liked)

Technology

59118 readers
3137 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS