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NNadir

(33,572 posts)
50. Let me understand this question...
Sat Aug 8, 2020, 04:50 PM
Aug 2020

Last edited Sat Aug 8, 2020, 05:21 PM - Edit history (1)

...because I'm having a real, real, real, real, hard time understanding at what it is you're trying to get.

Are you asking whether for tax reasons, drug development is free to anyone who does it?

You do know, don't you, that there are people who lose everything when a drug program fails...or do you?

No, drug development is not free, and in fact, it a high risk business, as anyone who has worked in it knows.

I have supported projects - omapatrilat comes to mind - on which billions of dollars were spent - it was in the pre-NDA stage - and it was never approved, not a single pill sold, although personally I think that was a mistake because I suspect that more people died because it wasn't available, than would have died from its serious side effect, but that's just my opinion, and not that of the FDA scientists, who I will admit, were better trained than I am..

The Rise and Fall of Omapatrilat

Every industry can write off some expenses, but no, R&D is not free for any company. Pharmaceutical companies can and do fail in a business sense as well as in a technical sense. They can and do make a profit on their investments, just like car companies, computer companies, food companies.

Food companies are more essential than are pharmaceutical companies. Do you actively question whether they make a profit? Should food companies be examined to see if they are altruistic? Why this special focus on the need for altruism in pharma companies? How about book companies? They are important cogs in education of children, are they not? Should we wonder if book companies are altruistic? Of course, we do under fund our schools, and make highly unreasonable demands on teachers, and now actively threaten their health. Should they do what they do out of altruism? (I'm not denying that some do, when I ask this, but I am not expecting it should be required of them) I get a strong feeling that you're engaged in selective attention.

Perhaps your life is entirely altruistic in your own estimation with whatever it is you do, but as a pharmaceutical scientist, I don't feel a shred of altruistic appreciation of what we do, in my industry, in any of your questions.

Although you deny it, I sense hostility to what we do in my industry.

Now, I'm not here to say that everything I've seen in my career is entirely honorable - I have seen things I abhorred - but I question whether there is any industry that can make the claim of complete moral purity.

It is also true that some drugs of importance were discovered in academic institutions using grants, and that NIH scientists have advanced science, but the reality is that these institutions - including the government, to whom companies with which I've worked have paid royalties - profit from their input as well. It's not why they do what they do, but they do profit. The new chemistry building at Princeton University was built with pharmaceutical royalties.

I can't think of any major drug that was discovered and developed in a purely socialist nirvana with no one making a dime.

It is neither immoral nor unwise to expect reward for your work.

I am a life long Democrat, and a political liberal who believes in justice and human rights, but I am tired of my industry being treated like some kind of bogey man by people in this party.

You're so concerned about altruism? How about reading about Dr. Roy Vagelos, the former President of Merck. I've heard him speak on what it took to bring HepB vaccines to China. He had to fight everyone - including some in the Chinese government - but fight he did, because it was the right thing to do.

How about his work on curing river blindness?

You think Merck made a ton of money off those children on the rivers in Africa whose families lived on less than a dollar a day?

Dr. Vagelos gave a shit about humanity. I've known thousands of people in my industry who have worked day and night to live up to his example.

Not a one RainCaster Aug 2020 #1
Come on, there has to be at least one, but... AmyStrange Aug 2020 #5
they are legalized extortion Skittles Aug 2020 #2
It's all about the money isn't it? AmyStrange Aug 2020 #3
This!👆 SheltieLover Aug 2020 #4
Yep PatSeg Aug 2020 #14
Corporations. Newest Reality Aug 2020 #6
You're not doing a good job of convincing me otherwise, and... AmyStrange Aug 2020 #7
They can't be altruistic. Legally, if they are a corporation, they must do AJT Aug 2020 #8
Ok, finally something to make me think otherwise... AmyStrange Aug 2020 #9
Democrats had a filibuster-proof majority of 60 votes in the Senate for four months and 10 days betsuni Aug 2020 #11
Thank you, but... AmyStrange Aug 2020 #13
No Republicans voted for it, all Democrats and Independents. betsuni Aug 2020 #15
Thank you for you're elaboration, and... AmyStrange Aug 2020 #16
I'm sure you knew this already. betsuni Aug 2020 #43
Nope, I didn't know the details, and... AmyStrange Aug 2020 #45
thats not true SiliconValley_Dem Aug 2020 #48
Thanks for the added info, and... AmyStrange Aug 2020 #71
They are exactly what is expected from a capitalistic society. unitedwethrive Aug 2020 #10
Ok, this helps too, but... AmyStrange Aug 2020 #12
I have worked with the pharmaceutical industry for more than 3 decades. NNadir Aug 2020 #17
Talking down to my moral inferiors? AmyStrange Aug 2020 #18
Let's not pretend that your question wasn't loaded, OK? NNadir Aug 2020 #19
Believe what you want, and... AmyStrange Aug 2020 #20
Here's why you're perceptions are off... AmyStrange Aug 2020 #21
Were that the case, you'd be researching relevant and peer-reviewed sources. LanternWaste Aug 2020 #72
You're wrong AmyStrange Aug 2020 #74
You mean Shkreli? Pharma bro? moondust Aug 2020 #22
I heard it was because they can, but... AmyStrange Aug 2020 #23
I don't think ANY of them are altruistic Luciferous Aug 2020 #24
Come on, there must be at least one or two, or... AmyStrange Aug 2020 #26
they exist to turn a profit for their shareholders spanone Aug 2020 #25
That's what other people have said, but... AmyStrange Aug 2020 #27
Several of the scientists and their other employees... Buckeye_Democrat Aug 2020 #28
2,000 dollars!!! AmyStrange Aug 2020 #29
That was the cost nearly a decade ago. Buckeye_Democrat Aug 2020 #30
Wow! AmyStrange Aug 2020 #31
The FDA approval process is pretty long and costly sometimes. Buckeye_Democrat Aug 2020 #32
Wait a minute. Can't they write all that off... AmyStrange Aug 2020 #33
I always thought those costs were the burden of the companies... Buckeye_Democrat Aug 2020 #34
I don't know if I am right or not... AmyStrange Aug 2020 #35
Get some good rest! Buckeye_Democrat Aug 2020 #36
I'll try, and take care of yourself also... AmyStrange Aug 2020 #37
You too! Buckeye_Democrat Aug 2020 #38
Perhaps the scientists at Genentech, rather than be thought greedy, shouldn't have done... NNadir Aug 2020 #42
Thanks for the info, but... AmyStrange Aug 2020 #44
Let me understand this question... NNadir Aug 2020 #50
I DO understand that drug companies want to make money, and... AmyStrange Aug 2020 #54
"Let's say it costs $1,000,000..." NNadir Aug 2020 #55
Thank you, but... AmyStrange Aug 2020 #59
If it costs $1 billion dollars to develop a drug - a common and reasonable figure - you need... NNadir Aug 2020 #62
You make a good case, and... AmyStrange Aug 2020 #63
Google is your friend. Here's a list of 31 pharmaceutical companies in danger of bankruptcy in 2020 NNadir Aug 2020 #66
Hmm, If companies are losing money... AmyStrange Aug 2020 #70
Let's see. Should we characterize all of us by Rod Blagojevich and Dan Rostenkowski because... NNadir Aug 2020 #73
What the hell dude... AmyStrange Aug 2020 #75
It's Part Of SG&A In Most Cases ProfessorGAC Aug 2020 #53
I'm sure that you're right... AmyStrange Aug 2020 #58
The Cost To Make That One Pill... ProfessorGAC Aug 2020 #67
I agree, and... AmyStrange Aug 2020 #69
I'm glad things worked out, but... AmyStrange Aug 2020 #49
I don't understand the hostility. Buckeye_Democrat Aug 2020 #65
Check your in-box AmyStrange Aug 2020 #68
The more disease there is, the more they make. gulliver Aug 2020 #39
I can see that with drugs... AmyStrange Aug 2020 #57
With all due respect..... liberaltrucker Aug 2020 #40
No respect needed... AmyStrange Aug 2020 #46
No way RANDYWILDMAN Aug 2020 #41
I didn't know this... AmyStrange Aug 2020 #47
Oh brother. NurseJackie Aug 2020 #51
What's your opinion on the Master Bates discussion here? AmyStrange Aug 2020 #56
No way in hell! nt Raine Aug 2020 #52
I'll take that as an emphatic no, and... AmyStrange Aug 2020 #64
Is Bloomberg a legitimate source here? AmyStrange Aug 2020 #60
I'm having a problem finding the cost for FDA approval... AmyStrange Aug 2020 #61
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