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#2
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On Nov 27, 1:07*am, "Califbill" wrote:
wrote in messagenews:fd11f65pjsnt9to8d0h8v9s1soa7tidolc@4ax .com... On Fri, 26 Nov 2010 19:37:38 -0800, wrote: On Fri, 26 Nov 2010 20:44:25 -0500, wrote: On Fri, 26 Nov 2010 14:51:58 -0800, wrote: On Thu, 25 Nov 2010 22:09:26 -0500, wrote: On Thu, 25 Nov 2010 18:44:39 -0800 (PST), Frogwatch wrote: Maybe it cost that much to produce. *R&D aint cheap That is the problem with all of the "orphan" diseases. If you spend $50 million developing a drug that only goes to 10 thousand paying patients, it is going to be expensive. So, therefore, it should not be up to for-profit companies. It should be the responsibility of the state to "promote the general welfare" of its citizens. The reality is the same, whether it is the taxpayer or the people who buy drug insurance or just the patient himself. It will still be expensive per patient and there is always a cost benefit analysis. If you are honestly suggesting the government should be developing these drugs, I would ask, which breakthrough drug has the government ever developed? Just look at the human genome project. The government spent a lot of money and got nowhere for over a decade. A private company tackled the project and broke the code in months. The cost will not be the same, since the gov't wouldn't be spending a large percentage of money on adverts to "promote" the drug. In addition, the overhead would be lower, and most importantly, most of the orphan disease drugs would not be even developed by the for-profit drug companies. http://www.sciencedaily.com/releases...0105140107.htm You are not going to see me defend the way big pharma markets drugs but they are the only ones with the capability to develop new drugs. Personally I think we are over drugged. The doctors and the drug companies have convinced us we haven't been to the doctor unless we come home with a couple prescriptions. Unfortunately they will usually be the ones the drug salesman is pumping, whether it really helps you or not. A hint is what you see on all the pens and note pads at the doctor's office. I am the only person I know my age who is not taking 3 or 4 pills a day. I take 2 fish oil capsules and that is it. I'm not suggesting the gov't do the R&D. Rather the development should be done in a similar way flu vaccines are created. Somewhat dated, but here's a timeline... http://www.influenza.com/images/timeline.gif Flu vaccine that will be taken by tens of millions of people has little to do with a drug made for a few thousand. You also grow a vaccine from the cells of the virus you want to kill. It is not like a chemical you have to make from scratch without really knowing what to even start with. Reply: The cost to develop is large. *Last Bioengineering company I worked for spent $45 million on a women's incontinence procedure. *Due to a design consideration, mechanical, not on the electrical side I worked on we hurt a couple women in the clinical trials. * Training of the doctors was also a problem and that probably caused 5 of the 9 problems during clinical trials of 150 women. *Company went out of business. *Someone will have to cover that $45 million in the next startups the VC's fund. If left up the the govt, few new drugs would ever be developed, especially for diseases with few sufferers. The model to look at is the old Soviet Union, they developed nothing of value to people except by copying the west.tathupe |
#3
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posted to rec.boats
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On Sat, 27 Nov 2010 09:22:44 -0800 (PST), "Katie O'Hara"
wrote: On Nov 27, 1:07*am, "Califbill" wrote: wrote in messagenews:fd11f65pjsnt9to8d0h8v9s1soa7tidolc@4ax .com... On Fri, 26 Nov 2010 19:37:38 -0800, wrote: On Fri, 26 Nov 2010 20:44:25 -0500, wrote: On Fri, 26 Nov 2010 14:51:58 -0800, wrote: On Thu, 25 Nov 2010 22:09:26 -0500, wrote: On Thu, 25 Nov 2010 18:44:39 -0800 (PST), Frogwatch wrote: Maybe it cost that much to produce. *R&D aint cheap That is the problem with all of the "orphan" diseases. If you spend $50 million developing a drug that only goes to 10 thousand paying patients, it is going to be expensive. So, therefore, it should not be up to for-profit companies. It should be the responsibility of the state to "promote the general welfare" of its citizens. The reality is the same, whether it is the taxpayer or the people who buy drug insurance or just the patient himself. It will still be expensive per patient and there is always a cost benefit analysis. If you are honestly suggesting the government should be developing these drugs, I would ask, which breakthrough drug has the government ever developed? Just look at the human genome project. The government spent a lot of money and got nowhere for over a decade. A private company tackled the project and broke the code in months. The cost will not be the same, since the gov't wouldn't be spending a large percentage of money on adverts to "promote" the drug. In addition, the overhead would be lower, and most importantly, most of the orphan disease drugs would not be even developed by the for-profit drug companies. http://www.sciencedaily.com/releases...0105140107.htm You are not going to see me defend the way big pharma markets drugs but they are the only ones with the capability to develop new drugs. Personally I think we are over drugged. The doctors and the drug companies have convinced us we haven't been to the doctor unless we come home with a couple prescriptions. Unfortunately they will usually be the ones the drug salesman is pumping, whether it really helps you or not. A hint is what you see on all the pens and note pads at the doctor's office. I am the only person I know my age who is not taking 3 or 4 pills a day. I take 2 fish oil capsules and that is it. I'm not suggesting the gov't do the R&D. Rather the development should be done in a similar way flu vaccines are created. Somewhat dated, but here's a timeline... http://www.influenza.com/images/timeline.gif Flu vaccine that will be taken by tens of millions of people has little to do with a drug made for a few thousand. You also grow a vaccine from the cells of the virus you want to kill. It is not like a chemical you have to make from scratch without really knowing what to even start with. Reply: The cost to develop is large. *Last Bioengineering company I worked for spent $45 million on a women's incontinence procedure. *Due to a design consideration, mechanical, not on the electrical side I worked on we hurt a couple women in the clinical trials. * Training of the doctors was also a problem and that probably caused 5 of the 9 problems during clinical trials of 150 women. *Company went out of business. *Someone will have to cover that $45 million in the next startups the VC's fund. If left up the the govt, few new drugs would ever be developed, especially for diseases with few sufferers. The model to look at is the old Soviet Union, they developed nothing of value to people except by copying the west.tathupe Please show me where anyone is seriously suggesting that the development of new drugs should be "left up to the gov't." |
#4
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posted to rec.boats
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On Sat, 27 Nov 2010 15:23:03 -0500, wrote:
On Sat, 27 Nov 2010 10:32:39 -0800, wrote: If left up the the govt, few new drugs would ever be developed, especially for diseases with few sufferers. The model to look at is the old Soviet Union, they developed nothing of value to people except by copying the west.tathupe Please show me where anyone is seriously suggesting that the development of new drugs should be "left up to the gov't." What does "So, therefore, it should not be up to for-profit companies. It should be the responsibility of the state to "promote the general welfare" of its citizens." mean? Not sure what point you're trying to make. Nobody is suggesting the gov't produce the special-needs drugs. What I'm proposing is that the gov't mandate that those diseases have R&D research done and that certain drug companies be required to produce them with reasonable compensation made to them by us. Why is the profit motive so all important when it involves someone's health or life? |
#5
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posted to rec.boats
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#6
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posted to rec.boats
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On Sat, 27 Nov 2010 17:49:23 -0500, Wayne.B
wrote: On Sat, 27 Nov 2010 14:31:26 -0800, wrote: Why is the profit motive so all important when it involves someone's health or life? Corporations have a fiduciary responsiblity to their stock holders to try and achieve profits. That is why they are in business. To suggest that government should force corporations to develop and produce a product without a profit motive is totally unrealistic. PS, this discussion should be taken offline before it turns political. Huh? You never heard of the gov't requiring car manufacturers to produce things like tanks, bombers, etc? Again, why should a profit motive drive what's needed for people's health and welfare? You don't need to explain basic business concepts to me, as I probably have a better education on the subject than most here. PS, stop being the newsgroup policeman. Greg and I are having a pleasant conversation that will only get mishandled by those who have that motivation. |
#7
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#8
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posted to rec.boats
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On Sat, 27 Nov 2010 20:34:06 -0500, wrote:
On Sat, 27 Nov 2010 16:10:26 -0800, wrote: Huh? You never heard of the gov't requiring car manufacturers to produce things like tanks, bombers, etc? That has not happened for 65 years. When it did it was a government contract that put idle factories back to work. For the last 50 years tanks, bombers and missiles have been a profit center. The manufacturers develop a system, bribe enough congressmen to get it adopted and then try to convince the military it is really what they need. That is not unlike how the drug companies work. So, with such a great economy, I guess it doesn't make much sense to put people to work... ? I don't think people were being bribed to produce armaments in WWII.. at least not most. |
#9
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posted to rec.boats
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On Fri, 26 Nov 2010 22:07:23 -0800, "Califbill"
wrote: wrote in message ... On Fri, 26 Nov 2010 19:37:38 -0800, wrote: On Fri, 26 Nov 2010 20:44:25 -0500, wrote: On Fri, 26 Nov 2010 14:51:58 -0800, wrote: On Thu, 25 Nov 2010 22:09:26 -0500, wrote: On Thu, 25 Nov 2010 18:44:39 -0800 (PST), Frogwatch wrote: Maybe it cost that much to produce. R&D aint cheap That is the problem with all of the "orphan" diseases. If you spend $50 million developing a drug that only goes to 10 thousand paying patients, it is going to be expensive. So, therefore, it should not be up to for-profit companies. It should be the responsibility of the state to "promote the general welfare" of its citizens. The reality is the same, whether it is the taxpayer or the people who buy drug insurance or just the patient himself. It will still be expensive per patient and there is always a cost benefit analysis. If you are honestly suggesting the government should be developing these drugs, I would ask, which breakthrough drug has the government ever developed? Just look at the human genome project. The government spent a lot of money and got nowhere for over a decade. A private company tackled the project and broke the code in months. The cost will not be the same, since the gov't wouldn't be spending a large percentage of money on adverts to "promote" the drug. In addition, the overhead would be lower, and most importantly, most of the orphan disease drugs would not be even developed by the for-profit drug companies. http://www.sciencedaily.com/releases...0105140107.htm You are not going to see me defend the way big pharma markets drugs but they are the only ones with the capability to develop new drugs. Personally I think we are over drugged. The doctors and the drug companies have convinced us we haven't been to the doctor unless we come home with a couple prescriptions. Unfortunately they will usually be the ones the drug salesman is pumping, whether it really helps you or not. A hint is what you see on all the pens and note pads at the doctor's office. I am the only person I know my age who is not taking 3 or 4 pills a day. I take 2 fish oil capsules and that is it. I'm not suggesting the gov't do the R&D. Rather the development should be done in a similar way flu vaccines are created. Somewhat dated, but here's a timeline... http://www.influenza.com/images/timeline.gif Flu vaccine that will be taken by tens of millions of people has little to do with a drug made for a few thousand. You also grow a vaccine from the cells of the virus you want to kill. It is not like a chemical you have to make from scratch without really knowing what to even start with. Reply: The cost to develop is large. Last Bioengineering company I worked for spent $45 million on a women's incontinence procedure. Due to a design consideration, mechanical, not on the electrical side I worked on we hurt a couple women in the clinical trials. Training of the doctors was also a problem and that probably caused 5 of the 9 problems during clinical trials of 150 women. Company went out of business. Someone will have to cover that $45 million in the next startups the VC's fund. Yes, the development cost is large, but so is the marketing budget. That's a very, very big number. |
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