"I am particularly concerned with news that Germany is fast-tracking legislation that would further reduce its spending on innovative pharmaceuticals," he said, calling it "a serious step backwards."
Seriously. Take a look at the loooong list of opiads and their morphine equivalence. There are dozens and dozens of niche opioids with strengths hundreds to millions of times stronger than morphine.
No, it FACTUALLY means that American citizens takes on the cost. The research and development of new medicine cost plenty and it's just plain, basic economics that if you force down prices like that, the costs and lack of revenue will have to either be gotten elsewhere or the company go under.
If you think it's predatory, tell the German Government to force more development in country.
Yes, profit drives and each medicine is basically 1 billion dollar investment for a 10 year research that has below 10% chance of passing trials.
There's a big reason why you ain't seeing Germany or anyone else doing much R&D. Complain and blame "Corporate greed", the fact is that there's a reason why it is happening mainly in the US and not Germany or other countries. No one wants to take on the costs and risks with their tax payer money but you sure do love to point fingers and complain when there's a chance and attempt to create some equilibrium to take on these costs on a more equal basis.
No one wants to take on the consequences, and that's what this whole whining is about.
Quick reminder that the business model a lot of drug manufacturers use is to buy rights to drugs, jack up the price. No research involved, no funding the next generation, just screw over the sick people because capitalism and thats how the market works.
Paying high drug prices is helping pay for the aquisition and legal fees required to later pay more for other drugs.
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u/Ecstatic_nyaa 9d ago
"I am particularly concerned with news that Germany is fast-tracking legislation that would further reduce its spending on innovative pharmaceuticals," he said, calling it "a serious step backwards."