Earlier quoted context omitted.
Ability to pay? Is that a joke? Considering that 40% of Americans can't cover a $400 emergency expense[0], what makes you think they can pay $84,000 for a 12-week treatment? [0]: https://money.cnn.com/2018/05/22/pf/emergency-expenses-house...
Maximized for the total bottom line it isn't a joke. That some people die is not a consideration for those that control access to these drugs, the question is how many people should die in order for them to make the most money of the ones that stay alive. Think of the ones that die as marketing.
Hepatitis C kills more Americans than all other infectious diseases combined
141–150 of 276 posts
Re: Hepatitis C kills more Americans than all other infectious diseases combined
#142This is likely going to be an unpopular question and maybe I m just really naive, but is the protein really so complex to synthesize that a kit could not be made to make a small batch at home? I ask this because I have recently been studying what is required to produce non naturally occurring amino acids and while not trivial, it can be done. Are there not biohackers that figure these things out as a hobby? I know, t…
I paid $1300 for a 12 weeks course of generic Harvoni from India. I paid using credit card and it arrived within a week. Normally I'm a law-abiding citizen, but as you said, if it comes down to choosing between violating intellectual property laws and death, it's an easy choice to make.
There's probably plenty of other countries where you could get treatment for cheap too.
Re: Hepatitis C kills more Americans than all other infectious diseases combined
#143Earlier quoted context omitted.
The development costs per a Forbes analysis are as follows: > "The median per-drug R&D spending of companies that developed more than six drugs – that’s only 8 companies – was $5.8 billion." ...so that is $5-6B USD per drug DEVELOPED in large companies. Gilead - maker of Sovaldi/Harvoni for HepC treatment - has been on a development tear of late, and almost certainly falls into that range IMO [2]. For companies that…
I imagine those numbers wouldn't be all that reliable for a bunch of reasons - companies would have vested interests in over or under reporting costs for various reasons, technology progressions mean previously expensive to develop drugs may be cheaper if they were to be redeveloped now, and sample size probably wouldn't be large enough for the raw data to be used when bankrolling pharma research ventures. Edit: I sh…
The basic assummption in cryptography is “assume the target system is already compromised” so i would wager you are partially correct. Its just that its not the whole story, especially if u think that private persons get massssive discounts if they try to privately pay (from reading below comments about quotes to insurance companies vs private people).
Its a sad dynamic thats probably ruining more loves than it should.
Re: Hepatitis C kills more Americans than all other infectious diseases combined
#144Earlier quoted context omitted.
They're priced this way because they're 80-90% cheaper than the previous treatment. Previously, with no cure, HepC patients would have eventually had a liver transplant. Liver transplants cost between $500K-$1M. Of course, it also requires a liver, so many would die waiting for a liver. As you noted, the drugs have become much cheaper. Mavyret is ~1/2 the cost of Sovaldi, the first drug on the market (replaced by Har…
>> They're priced this way because they're 80-90% cheaper than the previous treatment. Your statement is true. But it also hints at another problem, which is that the default is to price life saving treatments as high as the market will bear. It's a pricing model in line with extortion, the only exception being that the extortionist doesnt have to threaten to kill you - the virus or whatever condition is already maki…
Like, you could imagine a system where you don't have a free market at all, the government would directly fund both medical treatment (like in Europe) and medical research (like nowhere right now, but you could imagine nationalizing the drug companies). So then, before the hepatitis-c drug exists, you are paying $500k for each liver transplant, and you try to figure out how much money should be allocated to that drug research program. You'd want to fund it at roughly the expected cost saving, multiplied by the probability that the drug development is successful.
In the actual system, if the drug companies try to develop the drugs, and then charge about the same price as the cost of the previous treatment during the time they hold the patent, then their expected payoff (so how much money they will put into research) is the cost of the previous treatment times the probability that they will be successful---so this high price is basically what we would want to allocate anyway. And if the drugs are paid for by the government, their expected spending over all the drugs is similar to optimal amount of direct research funding.
Re: Hepatitis C kills more Americans than all other infectious diseases combined
#145Earlier quoted context omitted.
Yes, I got it from a blood transfusion when I was a child. The Hepatitis C virus wasn't identified until 1989, and blood bank wasn't wide spread until early 1990s, so anyone who received a blood transfusion before then is at risk.
So you WERE in the high risk group after all, you can't advice anyone out of the risk group to start using unnecessary medical procedures.
Therefore: Check what your insurance (and/or local governance) considers essential preventative care and discuss with a professional which of these make sense for you. Then go and do it: it's important enough that some bean counter wasn't able to remove it from your plan as unnecessary medical procedure and it's already budgeted.
Re: Hepatitis C kills more Americans than all other infectious diseases combined
#146Earlier quoted context omitted.
With new drugs you can make the argument that development costs need to be recovered while they are still under patent protection. Time and cost of development is high, 10 - 15 years and several billions, and a successful outcome is not guaranteed. This is the order of magnitude of a flagship space program of a large nation. Where you really have no excuse is the price for old drugs that get bought up by venture capi…
Do development costs really need to be recovered through sales? I thought most of this research was done on federal grants.
The financing model is problematic. Return on investment is much higher and faster in IT, besides there is a mismatch between what the market favours and where future clinical needs are (the antibiotic crisis, neglected tropical diseases).
Re: Hepatitis C kills more Americans than all other infectious diseases combined
#147Earlier quoted context omitted.
With new drugs you can make the argument that development costs need to be recovered while they are still under patent protection. Time and cost of development is high, 10 - 15 years and several billions, and a successful outcome is not guaranteed. This is the order of magnitude of a flagship space program of a large nation. Where you really have no excuse is the price for old drugs that get bought up by venture capi…
Do development costs really need to be recovered through sales? I thought most of this research was done on federal grants.
Re: Hepatitis C kills more Americans than all other infectious diseases combined
#148Earlier quoted context omitted.
Wrong. Gilead made Harvoni. Pharmasset made Sovaldi. Is there something that’s supposed to be inherently evil in acquiring a company anyway? Because pharmasset, the smaller company, had forecasted a price of 36000$ for Solvadi. With Gilead buying it out, it was able to reach a third of that price point and that’s a win to me.
Harvoni is a combination of Sofosbuvir (Sovaldi) and Ledipasvir. Pharmasset discovered Sofosbuvir (Sovaldi), Gilead acquired them in 2011. Gilead developed Ledipasvir some time after that. I was contesting the phrase "literally made a cure for a previously uncureable disease" . Which is why I called out the acquisition. They literally bought it, not made it.
Re: Hepatitis C kills more Americans than all other infectious diseases combined
#149Earlier quoted context omitted.
With new drugs you can make the argument that development costs need to be recovered while they are still under patent protection. Time and cost of development is high, 10 - 15 years and several billions, and a successful outcome is not guaranteed. This is the order of magnitude of a flagship space program of a large nation. Where you really have no excuse is the price for old drugs that get bought up by venture capi…
Do development costs really need to be recovered through sales? I thought most of this research was done on federal grants.
And if not, why not? There may be folks who think public research grants shouldn't exist, but since they do, what else would be worthy of such support if not public health research?
Re: Hepatitis C kills more Americans than all other infectious diseases combined
#150Using a throwaway for obvious reasons. Like many of you, I'm a young and healthy guy. I haven't taken a sick day in years. Since I'm young and healthy, I didn't see the need to take an annual physical exam. Scheduling doctor's appointments is such a hassle. I'm sure many of you feel the same. So when I was diagnosed with Hepatitis C, it came as a complete shock to me. The shock was due to two reasons: 1. I wasn't inv…
[1] https://www.callkleinlawyers.com/class-actions/settled/hepat...