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re: I just found out my prescription would cost $1200 for a 30 day supply w/o insurance
Posted on 7/9/21 at 5:45 am to MoarKilometers
Posted on 7/9/21 at 5:45 am to MoarKilometers
quote:
Obviously... but research and clinical trials are pretty costly.
1. Why?
2. How costly?
If a prescription costs $1200/month, a mere 10k people taking it would net $144 million a year.
Posted on 7/9/21 at 5:51 am to StringedInstruments
quote:
1. Why?
Because teams of MDs and PhDs aren't cheap.
quote:
2. How costly?
It varies. Median cost is 985 million, average is only 1.3 billion
quote:
If a prescription costs $1200/month, a mere 10k people taking it would net $144 million a year.
Oh... you think the pharmacy should make 0 money too? Not a great business model for getting a refill filled next month.
This post was edited on 7/9/21 at 5:59 am
Posted on 7/9/21 at 6:38 am to StringedInstruments
quote:
1. Why?
2. How costly?
If a prescription costs $1200/month, a mere 10k people taking it would net $144 million a year.
The pharma companies are investing in expensive R&D on all kinds of medicines, most of which never work out. THAT must be paid for as well.
We have a free market system, so if pharma companies are making too much money more pharma companies will spring into existence to compete and drive prices down. The problem is that our approval process is so slow that competition is artificially kept off the market for too long. Also, patents protect them from competition.
The drugs that are expensive are newer drugs that are still protected from competition by patents. If you regulate away these huge profits, then the drugs will never be invented in the first place.
Posted on 7/9/21 at 9:44 am to StringedInstruments
Your calculation is far from “net” as you framed it. That’s $144M in retail sales value using your assumptions.
Posted on 7/9/21 at 12:48 pm to StringedInstruments
quote:
1. Why?
2. How costly?
If a prescription costs $1200/month, a mere 10k people taking it would net $144 million a year.
quote:
A new study in 2020 estimated that the median cost of getting a new drug into the market was $985 million, and the average cost was $1.3 billion
I love it when people think they know the pharma industry
ETA: Don't do this, or at least talk to your doctor first. At a minimum you'd need to titrate off over a few weeks.
quote:
I think I may stop taking it
From the Rexulti website:
quote:
Do not start or stop any medicines while taking REXULTI without talking to your healthcare provider first.
This post was edited on 7/9/21 at 12:52 pm
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