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(ArcaMax)   Even Pharma Bro sees 3.5 million per dose and says "Whoa. That's a lot"   (arcamax.com) divider line
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1469 clicks; posted to Business » on 24 Nov 2022 at 7:41 PM (17 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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Likwit
2022-11-24 8:03:12 PM  
11 votes:
Man. There's a lot of things I miss about living in the US. The "healthcare" isn't one of them.
 
FormlessOne
2022-11-24 8:09:58 PM  
8 votes:
"While the price is a little higher than expected, I do think it has a chance of being successful because 1) existing drugs are also very expensive and 2) hemophilia patients constantly live in fear of bleeds," said Brad Loncar, a biotechnology investor and chief executive officer of Loncar Investments.

Monstrous. "The other drugs are expensive, and everyone's terrified to die - we can milk their apprehension and fear for MILLIONS!"

Average annual cost of hemophilia B treatment ranges from $85K to $263K. This is quite literally a company saying "we're worth 10 years of treatment, insurance companies - we're betting you'll pay us once rather than someone else ten times." The actual cost of producing this new treatment? Irrelevant. They will charge whatever they think that they can get for it.
 
cocozilla
2022-11-25 12:14:35 AM  
4 votes:

ImmutableTenderloin: Y'all think government could do better?


Yes
 
waxbeans [TotalFark]
2022-11-24 7:53:06 PM  
3 votes:
Only because he would only charge 1.5 million 🙄
 
hissatsu [TotalFark]
2022-11-24 8:52:19 PM  
3 votes:
What's the proper term for these scumbags? Vampires? Parasites? Anyway, I hope they die from uncontrollable hemorrhaging.
 
ImmutableTenderloin [BareFark]
2022-11-25 12:30:04 AM  
3 votes:

cocozilla: ImmutableTenderloin: Y'all think government could do better?

Yes


Prove it.
 
Likwit
2022-11-25 5:47:11 PM  
3 votes:

Intrepid00: Between the US and EU that's 56 Billion dollars in revenue for existing patients.


The EU won't pay it. They'll negotiate down to a more reasonable price and then just gouge Americans to make up the difference. That's already baked into the $3.5M
 
My Second Fark Account
2022-11-25 5:00:20 PM  
2 votes:
For profit healthcare is so ingrained into the American psyche that this thread is filled with people defending a $3.5 million shot. Great.
 
ImmutableTenderloin [BareFark]
2022-11-24 11:16:25 PM  
1 vote:
Y'all think government could do better?
 
Needlessly Complicated [TotalFark]
2022-11-25 12:53:26 AM  
1 vote:

FormlessOne: "While the price is a little higher than expected, I do think it has a chance of being successful because 1) existing drugs are also very expensive and 2) hemophilia patients constantly live in fear of bleeds," said Brad Loncar, a biotechnology investor and chief executive officer of Loncar Investments.

Monstrous. "The other drugs are expensive, and everyone's terrified to die - we can milk their apprehension and fear for MILLIONS!"

Average annual cost of hemophilia B treatment ranges from $85K to $263K. This is quite literally a company saying "we're worth 10 years of treatment, insurance companies - we're betting you'll pay us once rather than someone else ten times." The actual cost of producing this new treatment? Irrelevant. They will charge whatever they think that they can get for it.


FYI, they make factor IX from human plasma. If you donate at one of those plasma donation centers, that's what they do with it.

/hooray, late stage capitalism
 
JK8Fan
2022-11-25 3:30:33 PM  
1 vote:
Unpopular opinion. Pharma Bro was singled out and prosecuted only because of his punchable face and his lack of power in the industry. He was behaving no differently than the rest of those assholes. The others were just better connected and had more power.

They all should be in prison.
 
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