Quote:
Originally Posted by GWN7
A drug that was produced and sold for a $1 just awhile ago will have several generic manufactures jumping to produce and sell it for a lot less than the current asking price of $35.  |
Saying it used to cost $1/tablet is pretty misleading. The first tablet usually
costs upwards of $1 billion to bring to market. The second one and the rest then
sell for $1. If they sell a billion of them (think Viagra or Crestor), then they get their investment back and make a profit. Making an orphan or otherwise rare disease drug is a lot different than the common stuff, which is why they usually get a much longer-term patent. They need more time to recoup their investment.
But if no one wants to bother making a generic copy of this one that just went to $750/tablet, then the price might not yet be high enough.
Anyone else out there willing to put up nine or ten figures for a drug everyone thinks should be priced according to public opinion instead of market economics? I wouldn't touch that.