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Novo Nordisk facing pressure as study finds $1k drug can be made for $5

fortune.com

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Re: Novo Nordisk facing pressure as study finds $1k drug can be made for $5

#41

Post by Kye »

Mencius- wrote: post #10
echelon wrote: post #2

Ozempic is blowing up on TikTok. Celebs and young people are using it left and right. This is wildly popular and there are resellers and apps popping up everywhere to make it easy to get prescriptions. "Ozempic face" has become a meme as people try to guess who is using it. Several of my neighbors are admittedly using it. And they've lost 30, 40+ pounds in a matter of months. Months . This is a diabetes drug. There h…

The Law of Equivalent Exchange can be dodged, delayed, and ignored for only so long. There may not be a biochemical catch, but we will certainly pay in some other way. Perhaps spiritual, mental, etc.

Fullmetal Alchemist isn't real life. You don't have to account for every microgram of material along the way for a drug to be useful and safe.

Re: Novo Nordisk facing pressure as study finds $1k drug can be made for $5

#42

Post by throwaway5959 »

Dah00n wrote: post #27
throwaway5959 wrote: post #14

If the EU can fine Apple and Google, the US should be able to fine Novo.

Why? EU have never gone after Apple or Google because of their prices. This isn't Apple. Novo Nordisk doesn't make medicine that only work if your other medicine is made by them or force you to use their payment card (?!?!?). If your point is the price then the US could go after every single US medicine company.

Absolutely they should.

Re: Novo Nordisk facing pressure as study finds $1k drug can be made for $5

#43

Post by lxgr »

Mencius- wrote: post #10
echelon wrote: post #2

Ozempic is blowing up on TikTok. Celebs and young people are using it left and right. This is wildly popular and there are resellers and apps popping up everywhere to make it easy to get prescriptions. "Ozempic face" has become a meme as people try to guess who is using it. Several of my neighbors are admittedly using it. And they've lost 30, 40+ pounds in a matter of months. Months . This is a diabetes drug. There h…

The Law of Equivalent Exchange can be dodged, delayed, and ignored for only so long. There may not be a biochemical catch, but we will certainly pay in some other way. Perhaps spiritual, mental, etc.

Except that that’s not an actual natural law. In the same way that sometimes bad things happen to good people for no reason and with no compensation whatsoever, sometimes good things happen to people as well, whether they “deserve” it or not.

Other than that, what’s the problem with a weight loss drug? That it’s “unnatural” or “cheating nature”? The weight gain and the corresponding lifestyle and nutrition that often cause it aren’t exactly nature-given either.

Re: Novo Nordisk facing pressure as study finds $1k drug can be made for $5

#44

Post by ecocentrik »

karles wrote: post #9

Producing it is not the hard part. Researching it is... And you are not paid for your research "up front". It's added to the cost afterwards.

There's not a single drug company on the market that stops charging a high price for a drug as soon its covered its research expenditure.

Re: Novo Nordisk facing pressure as study finds $1k drug can be made for $5

#45

Post by ethanbond »

throwaway35777 wrote: post #32
j7ake wrote: post #16

Novo Nordisk is now Europe’s most valuable company. Congrats to them.

[flagged]

They almost certainly didn’t cure obesity. Food manufacturers are already scrambling to figure out how to make foods even more compelling and less satiating.

Regression to the mean, and our grocery selection will suffer further.

Re: Novo Nordisk facing pressure as study finds $1k drug can be made for $5

#46

Post by lxgr »

kobalsky wrote: post #20
Mencius- wrote: post #10

Earlier quoted context omitted.

The Law of Equivalent Exchange can be dodged, delayed, and ignored for only so long. There may not be a biochemical catch, but we will certainly pay in some other way. Perhaps spiritual, mental, etc.

imagine if you were saying this about vaccines or antibiotics. this drug has side effects on some people but it’s may make obesity a thing of the past. especially if generics could be made so cheaply

To be fair, some people are saying that about vaccines or antibiotics.

Fortunately they don’t regulate access to either for most people in the world.

Re: Novo Nordisk facing pressure as study finds $1k drug can be made for $5

#47

Post by SmellTheGlove »

Scandiravian wrote: post #36
throwaway35777 wrote: post #32

Earlier quoted context omitted.

[flagged]

I get that point, but given that Ozempic sells for significantly less in other countries I think it's worth considering why it's that much more expensive in the US

Exactly this. And it’s because the US consumer is paying for the R&D on drugs for the rest of the world. We could balance this out a bit by passing a law that says the retail cost of a drug in the US can’t be any higher than the median of the EU + Canada (or something approximating the set of developed economies).

Re: Novo Nordisk facing pressure as study finds $1k drug can be made for $5

#48

Post by lostlogin »

karles wrote: post #9

Producing it is not the hard part. Researching it is... And you are not paid for your research "up front". It's added to the cost afterwards.

There is an awful lot of sympathy for the drug company in this thread. You are correct, research and approval is expensive. But at some point there is a limit.

Things like insulin are long paid off, and the pricing there has generated controversy. People have been charged $1000 a month for it [1].

What’s fair? They are screaming out to be regulated when they behave so badly, and that’s what’s happened with insulin.

[1] https://www.thelancet.com/journals/landia/article/PIIS2213-8...

Re: Novo Nordisk facing pressure as study finds $1k drug can be made for $5

#49

Post by xyzal »

Scandiravian wrote: post #36
throwaway35777 wrote: post #32

Earlier quoted context omitted.

[flagged]

I get that point, but given that Ozempic sells for significantly less in other countries I think it's worth considering why it's that much more expensive in the US

Isn't everything healthcare-related much more expensive in the US?

Re: Novo Nordisk facing pressure as study finds $1k drug can be made for $5

#50

Post by Ekaros »

DarkmSparks wrote: post #40
TylerE wrote: post #18

Earlier quoted context omitted.

"There are currently about 1,000 cases of people who suffer from hereditary degeneration of the retina, and 10 to 20 new cases are expected to be added each year." I mean, let's be realistic here.

so it would be better for orzempic to cost $850,000 and limit its indication to people with MODY? How is that realistic? TBH I have way less a problem with pharma industry being allowed to make profits than health insurance companies. In fact the US is about the only country in the world that allows profits from health insurance.

I don't see health insurance making profit being unreasonable. That is key reason why anyone would run an insurance scheme. Now the USA model is entirely wrong. But fundamentally, to offer insurance you must get something out of it.
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