The true cost of medicine
Machinelves recently shared a couple of interesting New York Times articles on medicine and prizing. It sounded like a rude case of overpricing.
Now I have heard that developing of a drug can cost in the range of billions. For every successful drug, there are a big number of failed attempts - that still carries a very high price tag. So drug makers do need to take in a lot of money as they need to be able to pay for their failures also.
But the story in the New York times was still different. It reminded me of a disturbing pattern revealed in a documentary called The Super Rich And Us by Jacques Peretti, that I saw recently.
I basically see the same tactics in use in this latest medicine story. Buy something that everybody needs, use it as an investment object and skim as much profit as possible on something that people are dependent on. Except here it was done to something that a smaller group needs - but here they need it desperately.
Larry Wilmore over at The Nightly show, did a not so diplomatic, but hilarious covering on the medicine overpricing case. Google it, if you want to check it out.
Pope Francis in NYC & Deadly Selfies, The Nightly Show 24 sep 2015
To make a check on what was up and down in this story, I decided to turn to my favorite chemist blogger. (Thx to Quasispecies for the introduction).
I have been following Derek Lowe on and off during my Eterna years. First because he makes me laugh and second because he makes me think. Yeah, an Ig Nobel paraphrasing.
He is involved in medicine making and is sharing his thoughts on the industry and his work in a understandable manner.
He wrote a post that I think put what happened well in perspective.
I on the other hand is writing this post to put in perspective that we are soon to join forces with scientists in a company to work on making diagnostics. First and foremost, it’s cool that they want to play with us.
However for the future, whatever it may bring Eterna, I wish to have EternaBot and what work we and I do, available to all who wishes to make medicine and be of help to humankind. After all that is why I became a citizen scientist in the first place.
I wish our work to be of most help possible. With no one being able to later put a big price tag on our stuff or medicine developed based on our stuff and preventing others from using it for good.