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(SacBee)   Abbott Labs quadruples price of AIDS drug that was developed using taxpayer funded research   (sacbee.com) divider line 237
    More: Asinine  
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10564 clicks; posted to Main » on 05 Aug 2004 at 12:43 PM (10 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2004-08-05 11:55:51 AM  
Well, that's certainly nice of them.
 
2004-08-05 12:02:47 PM  
Those of you that think the govenment should fund medical research, please take note.
 
2004-08-05 12:02:53 PM  
Someone's going to hell for this for sure.
 
2004-08-05 12:05:51 PM  
Dancin_in_Anson

Those of us who think that also usually think there needs to be more regulation of drug company pricing so they can't price gouge like this.
 
2004-08-05 12:10:10 PM  
In general, the government funds scientific research. Pharmaceutical companies just exploit that research to make a profit. So, while the research may be done at government expense, the final step to drug creation is often done my a profit driven company.

What they need to do is quit granting patents on drugs that are created in this manner.
 
2004-08-05 12:15:10 PM  
The government doesn't have any money. It's just the taxpayers money. I hate it when people say "The guvment has monies. I jes doant undarstand!"
 
2004-08-05 12:23:02 PM  
What they need to do is quit granting patents on drugs that are created in this manner.

Skail, that's absolutley the LAST thing we should do. Do you seriously think they would spend the BILLIONS on R&D that they do (besides what the Govt. does) to market a drug if their efforts were not rewarded?
The first thing we should do is get the government out of the R&D business. INCLUDING Stem Cell Research.
 
2004-08-05 12:27:05 PM  
Wanna talk about high drug costs and who's making the money on them? Check out the news story around Dallas about a small pharmacy in McKinney that is offering drugs at cost to uninsured patients. One example of the disparity? "Carla Chandler's insurance covers three of her five medications. For one of the others, she called every nearby pharmacy and said she was quoted about $240 at one store. Smith Drug charged her $16.68."
 
2004-08-05 12:27:29 PM  
Those of us who think that also usually think there needs to be more regulation of drug company pricing so they can't price gouge like this.

How about regulation of the waste of taxpayer money. I wouldn't have a problem in the world with Abbot making a killing off a benificial drug...If they had done the initial investment and development...

You people like to scream about "corporate welfare"...this is a prime example but no one seemed to think about this when the government was doing the "right thing" by spending tons of money on medical research...
 
2004-08-05 12:30:06 PM  
curlinggod, the companies themselves don't invest nearly as much as most people think in the R&D of the drugs - most of that research is done by publicly-funded labs in the universities, using government grant money. The companies may direct some of the research and employ their own scientists, but their main concern is making that public research profitable. Sure, they're often the ones to direct the human testing (often also done by another public lab), but that's the risk they have to run.

By not giving patents to this last stage of research, or at least to make it easier for other companies to create generic competitors, the prices would come down to something that's more market-driven, not profit-driven. As it stands, name-brand drug profit margins are often around 1500%, usually based off government-grant-funded research without which their drug wouldn't exist. That's just absurd.
 
2004-08-05 12:45:22 PM  
They are in the Bush administration's pocket.
 
2004-08-05 12:45:36 PM  
might as well milk the aids patients for what they got b4 they die anyway
 
2004-08-05 12:45:43 PM  
Costello not amused!
 
2004-08-05 12:46:18 PM  
I blame Canada.
 
2004-08-05 12:47:02 PM  
Lets just buy our drugs from other countries...we have a free market economy don't cha' know. What?...oh that is right.... we live in an economic dictatorship.
 
2004-08-05 12:47:54 PM  


ABBBBBOTTT!
 
2004-08-05 12:48:53 PM  
Asshat pharmaceutical companies.

And to think two of my friends work for them as sales reps. Needless to say, this is a topic that we stay away from.

Such a wonderful thing... health care only for those who can afford it. The rest get to go sit in a corner and slowly die.
 
2004-08-05 12:49:26 PM  
for $50 a head, I'll roll them in a ditch or something
 
2004-08-05 12:49:30 PM  
The fraking you get for the fraking you got

/mine is exit only
 
2004-08-05 12:50:55 PM  
Sorta remind me of those companies that patent genes. Greedy bastards.

That's it. I'm going to patent capitalism. Anyone who makes money will have to pay me a licensing fee. Next, I'll patent air.

/Capitalism at it's best.
 
2004-08-05 12:50:56 PM  
The company increased its price by more than 400 percent last December

in reference to an Onion article, I think they're currently working on a new level of Hell for these arseholes.
 
2004-08-05 12:51:41 PM  
cal_style Jerk.
 
2004-08-05 12:51:48 PM  
But Abbott Labs has been so upstanding and ethical in the past!
 
2004-08-05 12:51:56 PM  
Damn you Capitalism.

Once again, the argument for Communism gains favor.
 
2004-08-05 12:52:36 PM  
anyone see "insomniac" where they go to mexico and that guy just gives him whatever the hell he want

that's america should be like
 
2004-08-05 12:52:41 PM  
Damn. Beat to the punch (line). Oh well.



found this in the same gis (hey abbott)

 
2004-08-05 12:52:48 PM  
This topic makes my blood boil. I'm sick of watching pills for a bigger penis, I'm sick of hearing about how the other pill doesn't stop herpes altogether, I'm sick of pills to make you hard and I'm sick of farking being told I'm sick because I sometimes exhibit symptoms of being a HUMAN!

"Are you ever sad, or feel pain? If so, you may have SEVERE UNTREATABLE Myocomlastisoiditis!!! Take our $100 pill 3 times a day or you may DIE!!!"

/side effects include mild brain pains, intermittent blindness with occassional bleeding diarrhea, facial scars, loss of balance and body-lice.
 
2004-08-05 12:53:12 PM  
bllahpers,

thanks
 
2004-08-05 12:53:15 PM  
Drug companies are the biggest deceptive ripoff ever. Found the cure for anything yet? Of course not. There's no money in the cure, it's all in the treatment.
 
2004-08-05 12:53:19 PM  
"What they need to do is quit granting patents on drugs that are created in this manner.

Skail, that's absolutley the LAST thing we should do. Do you seriously think they would spend the BILLIONS on R&D that they do (besides what the Govt. does) to market a drug if their efforts were not rewarded?
The first thing we should do is get the government out of the R&D business. INCLUDING Stem Cell Research. "

They don't spend Billions on R&D - they spend billions on marketing.
 
2004-08-05 12:53:27 PM  
Let's hear it for greed!
 
2004-08-05 12:53:50 PM  
The Southern Dandy

Why not patent patents?
 
2004-08-05 12:53:54 PM  
Dancin_In_Anson , why do you hate Fark.com so much ? Always negative or looking for a battle. Goverment funding/research was what gave us the internet. Government isn't all bad, it's just like everything else people do; just a little farked up.


I'd buy you a beer just to get you to lighten up and have fun, but you'd probably complain about that, somehow.

 
2004-08-05 12:55:06 PM  
Have you ever watch pharm stocks or been in the foyer of a pharm company? that paneling ain't luan, and yes, that's real Italian marble. I mean, this is what they -do-, profit from the misery of others. There are great schizophrenia drugs that have been priced out of most peoples' reach, AIDS drugs and lots more. Some of them get patents or exclusive rights to market stuff that was developed and run through the costly FDA approval process totally at NIH on taxpayers' backs. Then they get the gouging devices out.
 
2004-08-05 12:56:02 PM  
I was watching a US station last night (CBS?) and I swear, with no exaggeration, 6 drug commercials one after another. Never seen anything like it.
 
2004-08-05 12:57:08 PM  
I was laid off and went through the interview process with a pharm company (Pfizer) and was offered the job as a sales rep. I mulled it over, and finally decided that I wouldn't be able to look at myself in the mirror if I worked for them. I am no prudish or idealistic person, but the pharmaceutical industry is just toooo sleazy, even for me.
 
2004-08-05 12:57:20 PM  
My best friend is an engineeer for them. I just forwarded her this to see if she knows any details. I'll post them if I hear anything.
 
2004-08-05 12:58:07 PM  
Just another example of George Bush trying to destroy the world and create a religious state.
 
2004-08-05 12:58:36 PM  
The drug wasn't selling well, so they'll be using the funds to increase the marketing. (IE: More full page ads, trips to golf resorts for purchasing and dept heads, mouse pads for the receptionist, pens for the tech guys! and lunches for the residents)
 
2004-08-05 12:59:07 PM  
[They are in the Bush administration's pocket.]

so, just out of curiousity, what size is your tinfoil hat?
 
2004-08-05 12:59:09 PM  
Taking away the grants from the pharmaceutical companies and you take away their incentive for making the drug in the first place. Sad, but true.

/I dunno if anyone has said this yet
 
2004-08-05 12:59:27 PM  
I wonder if these are the same AIDS drugs George talked about sending to Africa in that State of the Union address.
 
2004-08-05 12:59:29 PM  
skinink....Gore gave us the internet. Government gives you ....rhoids.


:)
 
2004-08-05 01:00:30 PM  

The Money ain't in the cure - it's in the medicine...

\pour some tussin on that aids....
 
2004-08-05 01:01:12 PM  
So... has anyone done anything? Has anyone here called them up, or written a letter? Do you plan on it, or are you just gonna biatch about it?
 
2004-08-05 01:01:18 PM  
Dancin_In_Anson


[Those of you that think the govenment should fund medical research, please take note.]

That's asinine. The government needs to fund medical and other scientific research, that's how things get done. You come up with an idea, submit it to the NIH, DOE, EPA, NSF, DOD, etc and they give you cash to test and develope it. If things work out the government retains certain rights to the technology that will improve your life. It's win win all around.
 
2004-08-05 01:01:35 PM  
And to think two of my friends work for them as sales reps. Needless to say, this is a topic that we stay away from.

A guy I used to work with at my current job applied for a position with a Big Name Drug Company as a sales rep just before he started here. Five months into his job here, Big Name Drug Company finally got around to processing his application and called him to offer him a job. He said, no, he's happy working here. Big Name says "What salary would convince you to work with us?" My co-worker decides to have fun with them, and quotes them a salary which is double what he was making here--and he wasn't making peanuts here. Big Name says, "OK, when can you start?"

Of course, he ended up taking the sales rep job. Talked to him a couple of weeks ago--says he wishes he would have stayed here, regardless of the cash. He said, "I ask myself--am I helping to save lives, or am I just helping to line executives' pockets by selling drugs that are the same as the generics at huge mark-ups?" Wish his bosses would be wondering the same thing.
 
2004-08-05 01:01:49 PM  
Once again we've proven that you not only can put a price on life, but given the chance some asshat would hoard the cure for almost anything for a profit. Way to go humanity!!!

If it was me, Fark the investors, I'd give it away for free.
Not for any other reason than you would become the most popular company on earth and get zillions in free press. So you win on both sides.

/Daydreamer
 
2004-08-05 01:02:48 PM  
>Taking away the grants from the pharmaceutical companies and you take away their incentive for making the drug in the first place.

Yeah, just like how Nike probably wouldn't make shoes if their R&D wasn't funded by taxpayer money. Oh wait ....
 
2004-08-05 01:03:07 PM  
Case in point for Universal Healthcare.
 
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