Earlier quoted context omitted.
...and your solution is what?
Government needs to subsidize research and put price caps on resulting drugs. Fair market isn't possible with inelastic demand. That's where the fuck you comes from. Someone has cancer and their kids are wanting the treatment (of course, it's false hope, we don't want daddy to die) without realizing what they are asking for (lifelong debt). So in addition to cancer, the patient has to grapple with that shit. Anyone w…
Lung Cancer Patients Live Longer with Immune Therapy
31–40 of 79 posts
Re: Lung Cancer Patients Live Longer with Immune Therapy
#32"Researchers with Cuba’s Center for Molecular Immunology have developed and approved an immunologic cancer therapy that improves survivability for certain types of cancers in some cases; as of January 2017, the drug has begun clinical trials for the treatment in the United States."
https://www.usatoday.com/story/news/world/2018/01/09/cuba-ha...
Re: Lung Cancer Patients Live Longer with Immune Therapy
#33Earlier quoted context omitted.
...and your solution is what?
Government needs to subsidize research and put price caps on resulting drugs. Fair market isn't possible with inelastic demand. That's where the fuck you comes from. Someone has cancer and their kids are wanting the treatment (of course, it's false hope, we don't want daddy to die) without realizing what they are asking for (lifelong debt). So in addition to cancer, the patient has to grapple with that shit. Anyone w…
Putting caps on prices without doing something about research costs is just going to kill research. All the big pharma companies are laying off scientist every week because even with uncapped prices the returns are so low that it is not worth spending the money to develop new drugs.
A more productive approach might be to look into why drug development has become so expensive. It is certainly not because pharma companies have suddenly become greedier.
Re: Lung Cancer Patients Live Longer with Immune Therapy
#34Earlier quoted context omitted.
Government needs to subsidize research and put price caps on resulting drugs. Fair market isn't possible with inelastic demand. That's where the fuck you comes from. Someone has cancer and their kids are wanting the treatment (of course, it's false hope, we don't want daddy to die) without realizing what they are asking for (lifelong debt). So in addition to cancer, the patient has to grapple with that shit. Anyone w…
Well governments do subsidise research quite a lot (NIH et al). Putting caps on prices without doing something about research costs is just going to kill research. All the big pharma companies are laying off scientist every week because even with uncapped prices the returns are so low that it is not worth spending the money to develop new drugs. A more productive approach might be to look into why drug development ha…
You paint such a sad, desperate picture, but based on their numbers, it sounds like they are doing it to save a buck. Look at those profit margins. 10-43 percent on billions of investment. I should be so lucky.
http://www.bbc.com/news/business-28212223
Did you know the US government isn't allowed to negotiate drug prices for medicare and medicaid? They (we) just pay whatever the companies want to charge.
Re: Lung Cancer Patients Live Longer with Immune Therapy
#35Earlier quoted context omitted.
Well governments do subsidise research quite a lot (NIH et al). Putting caps on prices without doing something about research costs is just going to kill research. All the big pharma companies are laying off scientist every week because even with uncapped prices the returns are so low that it is not worth spending the money to develop new drugs. A more productive approach might be to look into why drug development ha…
>All the big pharma companies are laying off scientist every week because even with uncapped prices the returns are so low that it is not worth spending the money to develop new drugs. You paint such a sad, desperate picture, but based on their numbers, it sounds like they are doing it to save a buck. Look at those profit margins. 10-43 percent on billions of investment. I should be so lucky. http://www.bbc.com/news/…
I am no defender of pharma companies, but they are doing exactly what the economic incentives encourage them to do. We need to change the incentives, not just rant about high prices and greed.
Edit. Yes I know that the US government is not allowed to negotiate with drug companies over pricing (it is a little more complex than this in practice), but even with pricing uncapped the profit margins don't justify them spending more on R&D.
We agree on the problem, just disagree on the solution. You should also read the part two of the article you quoted [0]. Unfortunately all the solutions provided are little more than a sugar pill for the real problem - R&D costs.
Re: Lung Cancer Patients Live Longer with Immune Therapy
#36Earlier quoted context omitted.
Well governments do subsidise research quite a lot (NIH et al). Putting caps on prices without doing something about research costs is just going to kill research. All the big pharma companies are laying off scientist every week because even with uncapped prices the returns are so low that it is not worth spending the money to develop new drugs. A more productive approach might be to look into why drug development ha…
>All the big pharma companies are laying off scientist every week because even with uncapped prices the returns are so low that it is not worth spending the money to develop new drugs. You paint such a sad, desperate picture, but based on their numbers, it sounds like they are doing it to save a buck. Look at those profit margins. 10-43 percent on billions of investment. I should be so lucky. http://www.bbc.com/news/…
There is a clause in the law establishing Part D that says the government can't interfere with those negotiations, but this is different than the prices not being negotiated at all.
http://www.pewtrusts.org/en/research-and-analysis/fact-sheet...
Medicaid prices aren't negotiated, but the government dictates that they get near the lowest prices the manufacturer sells the drug for.
Re: Lung Cancer Patients Live Longer with Immune Therapy
#37When I read many medical studies in the media, they often sound too good to be true. In this instance it is the real deal.
I hope access to this treatment becomes readily available for the rest of the public.
Re: Lung Cancer Patients Live Longer with Immune Therapy
#38Earlier quoted context omitted.
PhDs that have dedicated their lives to specializing in specific cancers, failed drugs, research that leads nowhere, failed clinical trials because of XYZ. It's all highly specialized. And if done with a rigorous protocol, it's all expensive. You're not doing a lifetime of cancer research in hopes that you earn an average salary. For the company, if you finally get somewhere with a drug that is affective, you have to…
Most US medical research is highly dependent of public funding. Company's are only interested once the risks drop enough and the rewards are very near. Looking at just research and eliminating patent dogging efforts, Drug companies don't pay for nearly as much research as you might think.
https://en.wikipedia.org/wiki/Cost_of_drug_development
These numbers certainly aren't risk-free. Even if the company has 10 billion in cash, how many potential research leads can they bring to market? Not many.
Re: Lung Cancer Patients Live Longer with Immune Therapy
#39Earlier quoted context omitted.
PhDs that have dedicated their lives to specializing in specific cancers, failed drugs, research that leads nowhere, failed clinical trials because of XYZ. It's all highly specialized. And if done with a rigorous protocol, it's all expensive. You're not doing a lifetime of cancer research in hopes that you earn an average salary. For the company, if you finally get somewhere with a drug that is affective, you have to…
Most US medical research is highly dependent of public funding. Company's are only interested once the risks drop enough and the rewards are very near. Looking at just research and eliminating patent dogging efforts, Drug companies don't pay for nearly as much research as you might think.
Re: Lung Cancer Patients Live Longer with Immune Therapy
#40I remember reading this recent Financial Times article[0] about how China is innovating in the area of providing immunotherapy and other breakthrough treatments. [0]: https://outline.com/tdDNdd [1 non-outlined link]: https://www.ft.com/content/30b5a944-3b57-11e8-b9f9-de94fa33a...
There are quite a few Chinese companies developing their own PD 1, PD L1 and CTLA4 inhibitors (these are the first gen immunotherapy treatments), and a lot of innovation in CAR-T cell therapy (first approved products of this type were US and European, Novartis and KITE pharma). There is less regulation of cell therapy in China, so potential for some breakthroughs.
A company called Legend Biotech in China surprised the biopharma world at a major confreence last year with breakthrough work with a cell therapy targeting BCMA.
However, the amount of US and EU investmnet in immuno-oncology is still greater than in China