Welcome to today’s daily kōrero!
Anyone can make the thread, first in first served. If you are here on a day and there’s no daily thread, feel free to create it!
Anyway, it’s just a chance to talk about your day, what you have planned, what you have done, etc.
So, how’s it going?
That $13 is the cost to produce, it doesn’t include the $1B-$3B USD cost to develop, test, and bring a drug to market, or the sunk cost of drugs that never hit the market.
Plus companies only have 7 years before the patent expires and other companies can produce it without the R&D cost.
Also, almost no one is paying sticker price, and pharmac pays some of the lowest prices in the world for drugs.
I’m not going to argue it isn’t still too much, but quoting the production cost is disingenuous because the cost of drugs is in R&D not the actual cost of prduction.