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Big Pharma Greed’s Knows No Bounds

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Re: Big Pharma Greed’s Knows No Bounds

#51

Post by austinprete »

Mountain_Skies wrote: post #28
nosianu wrote: post #19

Earlier quoted context omitted.

In support, the headline from four days ago: > 70% of drugs advertised on TV are of “low therapeutic value,” study finds > Ads often tout new, pricey drugs that are not much better than old, cheaper ones. https://arstechnica.com/science/2023/01/most-prescription-dr... Also: > The US is one of only two countries that allows direct-to-consumer (DTC) drug advertisements, such as TV commercials. (The other is New Zealand…

Amazing how many of them don't even bother to advertise what the drug does. They just show happy people who say they use that brand of drug, often with zero context of what it actually does. It's mainly for brand affinity now.

I’ve been curious about this as well, turns out these ads are classified by the FDA as “reminder ads” and aren’t legally required to list any risks since they don’t list uses [0]. Presumably great for reinforcing positive associations around a drug once it’s already somewhat well known, but morally questionable at best.

[0] - https://www.fda.gov/drugs/prescription-drug-advertising/basi...

Re: Big Pharma Greed’s Knows No Bounds

#53

Post by solarkraft »

No way, a company that is greedy. I'm more amazed by how much restraint some companies have shown during the pandemic; they could've milked the public even more than they have.

I don't really get the outrage here. Barely anyone still needs the vaccine and there's at least one good alternative, so who are they hurting except for themselves because nobody will buy their vaccine now?

Now if Pfizer/BioNTech were to raise the price to a similar level, there would actually be somewhat of a problem (.. for the US government, since they still pay for it, right?).

Re: Big Pharma Greed’s Knows No Bounds

#54

Post by musicale »

nullish_signal wrote: post #3

I want an end to Pharmaceutical Ads in the USA

"Breaking news: thousands rejoice as greedy big pharma exec serves lengthy prison sentence."

"Now a word from our sponsor: Crapitab - ask your doctor for a reason to take it! (Warning: stop taking Crapitab immediately if you experience any of the following symptoms, including but not limited to: insomnia, rash, multiple organ failure, breathing cessation, prolonged unconsciousness, or death.)"

Re: Big Pharma Greed’s Knows No Bounds

#55

Post by doubleg72 »

becuzThrowaway wrote: post #48
throwawaymaths wrote: post #43

Earlier quoted context omitted.

Not justifying fleecing taxpayers, but you also generally don't pay for drugs, your insurance or Medicare does. Most pharma (including iirc shkreli's) companies have access programs. Not justifying Martin or excessive pharma prices but it really is the case that we should disabuse ourselves from the notion that one should be entitled to life-saving care. That process comes with a lot of externalities. Most drugs are…

> but it really is the case that we should disabuse ourselves from the notion that one should be entitled to life-saving care. I couldn't disagree more. If it truly is life-saving (as opposed to death-prolonging) care, we really should _dedicate_ ourselves to the notion that each of us should be entitled to life-saving care. That should be an explicit part of the social contract. Oh, and btw, society was NOT paying ~…

But thats just your opinion man.. not a single fact in all that gibberish. Until everyone has a will to live their best life, take care of themselves and you create a utopian society, the most cutting edge, life-saving drugs will be expensive and not an entitlement.

You should do some research on medical billing and R&D costs in pharmaceutical development; those are two totally different things.

Re: Big Pharma Greed’s Knows No Bounds

#56

Post by rawgabbit »

TrueGeek wrote: post #34
nullish_signal wrote: post #3

I want an end to Pharmaceutical Ads in the USA

I spend $900 a month on an anti-seizure drug. At least, until I hit my $6,500 deductible. The company that makes it is publicly traded so I looked up their financials. The drug is a generic and the patent expired decades ago. Very little is spent on “R&D”. Almost all of their money goes to “advertising”.

Does https://costplusdrugs.com have your medication?

Re: Big Pharma Greed’s Knows No Bounds

#58

Post by TrueGeek »

rawgabbit wrote: post #56
TrueGeek wrote: post #34

Earlier quoted context omitted.

I spend $900 a month on an anti-seizure drug. At least, until I hit my $6,500 deductible. The company that makes it is publicly traded so I looked up their financials. The drug is a generic and the patent expired decades ago. Very little is spent on “R&D”. Almost all of their money goes to “advertising”.

Does https://costplusdrugs.com have your medication?

Not yet. I signed up for their alerts though and they’re adding new ones pretty quickly.

Re: Big Pharma Greed’s Knows No Bounds

#59

Post by TrueGeek »

dragonsky wrote: post #50
TrueGeek wrote: post #34

Earlier quoted context omitted.

I spend $900 a month on an anti-seizure drug. At least, until I hit my $6,500 deductible. The company that makes it is publicly traded so I looked up their financials. The drug is a generic and the patent expired decades ago. Very little is spent on “R&D”. Almost all of their money goes to “advertising”.

Did you happen to find if the same drug is available as a generic? I use a daily medication. Every time I got to get t he script filled I get asked if I want the brand name or the generic. There is a two or three times price difference, why would I ever get the brand name?

Oh yeah, I definitely checked. There are two companies that make it. Both are priced exactly the same though.
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